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The Sales for the quarter ended June 2019 of Rs. 418.11 million declined by -35.15% from Rs. 644.74 millions.The Net Profit of the company reported a remarkable increase of 133.91% to Rs. 2.69 millions from Rs. 1.15 millions in previous same quarter.Operating Profit saw a handsome growth to 8.32 millions from 8.28 millions in the quarter ended June 2019. (Rs. in Million) Quarter ended Year to Date Year ended 201906 201806 % Var 201906 201806 % Var 201903 201803 % Var Sales 418.11 644.74 -35.15 418.11 644.74 -35.15 2696.16 2399.70 12.35 Other Income 6.77 0.54 1153.70 6.77 0.54 1153.70 5.04 5.22 -3.45 PBIDT 8.32 8.28 0.48 8.32 8.28 0.48 39.79 35.20 13.04 Interest 0.70 1.01 -30.69 0.70 1.01 -30.69 3.57 3.60 -0.83 PBDT 7.62 7.27 4.81 7.62 7.27 4.81 36.22 31.60 14.62 Depreciation 2.24 1.73 29.48 2.24 1.73 29.48 8.41 8.97 -6.24 PBT 5.38 5.54 -2.89 5.38 5.54 -2.89 27.81 22.63 22.89 TAX 2.69 4.39 -38.72 2.69 4.39 -38.72 9.42 6.69 40.81 Deferred Tax 1.64 2.98 -44.97 1.64 2.98 -44.97 3.63 0.64 467.19 PAT 2.69 1.15 133.91 2.69 1.15 133.91 18.39 15.94 15.37 Equity 6.38 6.38 0.00 6.38 6.38 0.00 6.38 6.38 0.00 PBIDTM(%) 1.99 1.28 54.95 1.99 1.28 54.95 1.48 1.47 0.61
The Total revenue for the quarter ended March 2019 of Rs. 691.86 millions remain, more or less, the same.Net Profit witnessed a 339.75% growth almost the double from Rs. 1.61 millions to Rs. 7.08 millions of same quarter last year.Operating profit for the quarter ended March 2019 rose to 11.21 millions as compared to 8.33 millions of corresponding quarter ended March 2018. (Rs. in Million) Quarter ended Year to Date Year ended 201903 201803 % Var 201903 201803 % Var 201903 201803 % Var Sales 691.86 660.46 4.75 2696.16 2399.70 12.35 2696.16 2399.70 12.35 Other Income 2.54 2.40 5.83 5.04 5.22 -3.45 5.04 5.22 -3.45 PBIDT 11.21 8.33 34.57 39.79 35.20 13.04 39.79 35.20 13.04 Interest 0.18 1.56 -88.46 3.57 3.60 -0.83 3.57 3.60 -0.83 PBDT 11.03 6.77 62.92 36.22 31.60 14.62 36.22 31.60 14.62 Depreciation 2.62 2.34 11.97 8.41 8.97 -6.24 8.41 8.97 -6.24 PBT 8.41 4.43 89.84 27.81 22.63 22.89 27.81 22.63 22.89 TAX 1.33 2.82 -52.84 9.42 6.69 40.81 9.42 6.69 40.81 Deferred Tax -0.35 0.50 -170.00 3.63 0.64 467.19 3.63 0.64 467.19 PAT 7.08 1.61 339.75 18.39 15.94 15.37 18.39 15.94 15.37 Equity 6.38 6.38 0.00 6.38 6.38 0.00 6.38 6.38 0.00 PBIDTM(%) 1.62 1.26 28.47 1.48 1.47 0.61 1.48 1.47 0.61
The Revenue for the quarter ended December 2018 of Rs. 623.90 millions grew by 10.20 % from Rs. 566.14 millions.Net Profit for the quarter ended December 2018 zoomed to 617.86% from Rs. 0.56 millions to Rs. 4.02 millions. Operating profit Margin for the quarter ended December 2018 improved to 11.41% as compared to -0.35% of corresponding quarter ended December 2017 (Rs. in Million) Quarter ended Year to Date Year ended 201812 201712 % Var 201812 201712 % Var 201803 201703 % Var Sales 623.90 566.14 10.20 2004.30 1739.24 15.24 2399.70 2190.16 9.57 Other Income 0.50 0.81 -38.27 2.25 2.82 -20.21 5.22 6.08 -14.14 PBIDT 11.41 -0.35 -3360.00 28.34 26.88 5.43 35.19 32.58 8.01 Interest 1.17 0.50 134.00 3.38 2.04 65.69 3.60 0.28 1185.71 PBDT 10.24 -0.85 -1304.71 25.21 24.84 1.49 31.60 32.27 -2.08 Depreciation 2.32 2.36 -1.69 5.80 6.64 -12.65 8.97 8.20 9.39 PBT 7.92 -3.21 -346.73 19.41 18.20 6.65 22.63 24.07 -5.98 TAX 3.90 -3.77 -203.45 8.09 3.87 109.04 6.70 6.42 4.36 Deferred Tax 2.38 -0.35 -780.00 3.98 0.14 2742.86 0.64 0.13 392.31 PAT 4.02 0.56 617.86 11.32 14.33 -21.00 15.93 17.65 -9.75 Equity 6.38 6.38 0.00 6.38 6.38 0.00 6.38 6.38 0.00 PBIDTM(%) 1.83 -0.06 -3059.22 1.41 1.55 -8.51 1.47 1.49 -1.42
The sales surged to Rs. 735.66 millions, up 46.98% for the September 2018 quarter as against Rs. 500.52 millions during the corresponding quarter previous year.Modest increase of 13.68% in the Net Profit was reported from. 5.41 millions to Rs. 6.15 millions.The company reported a degrowth in operating Profit to 8.90 millions from 11.66 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201809 201709 % Var 201809 201709 % Var 201803 201703 % Var Sales 735.66 500.52 46.98 1380.40 1173.10 17.67 2399.70 2190.16 9.57 Other Income 1.46 1.43 2.10 1.75 2.01 -12.94 5.22 6.08 -14.14 PBIDT 8.90 11.66 -23.67 16.93 27.23 -37.83 35.19 32.58 8.01 Interest 1.20 0.83 44.58 2.21 1.54 43.51 3.60 0.28 1185.71 PBDT 7.70 10.83 -28.90 14.97 25.69 -41.73 31.60 32.27 -2.08 Depreciation 1.75 2.21 -20.81 3.48 4.28 -18.69 8.97 8.20 9.39 PBT 5.95 8.62 -30.97 11.49 21.41 -46.33 22.63 24.07 -5.98 TAX -0.20 3.21 -106.23 4.19 7.64 -45.16 6.70 6.42 4.36 Deferred Tax -1.38 0.25 -652.00 1.60 0.49 226.53 0.64 0.13 392.31 PAT 6.15 5.41 13.68 7.30 13.77 -46.99 15.93 17.65 -9.75 Equity 6.38 6.38 0.00 6.38 6.38 0.00 6.38 6.38 0.00 PBIDTM(%) 1.21 2.33 -48.07 1.23 2.32 -47.16 1.47 1.49 -1.42
The revenue for the June 2018 quarter is pegged at Rs. 644.74 millions against Rs. 672.58 millions recorded during the year-ago period.The company suffered a huge decline of -86.24% to Rs. 1.15 millions from Rs. 8.36 millions of corresponding previous quarter.Operating profit for the quarter ended June 2018 decreased to 8.03 millions as compared to 15.57 millions of corresponding quarter ended June 2017. (Rs. in Million) Quarter ended Year to Date Year ended 201806 201706 % Var 201806 201706 % Var 201803 201703 % Var Sales 644.74 672.58 -4.14 644.74 672.58 -4.14 2399.70 2190.16 9.57 Other Income 0.29 0.58 -50.00 0.29 0.58 -50.00 5.22 6.08 -14.14 PBIDT 8.03 15.57 -48.43 8.03 15.57 -48.43 35.19 32.58 8.01 Interest 1.01 0.71 42.25 1.01 0.71 42.25 3.60 0.28 1185.71 PBDT 7.27 14.86 -51.08 7.27 14.86 -51.08 31.60 32.27 -2.08 Depreciation 1.73 2.07 -16.43 1.73 2.07 -16.43 8.97 8.20 9.39 PBT 5.54 12.79 -56.68 5.54 12.79 -56.68 22.63 24.07 -5.98 TAX 4.39 4.43 -0.90 4.39 4.43 -0.90 6.70 6.42 4.36 Deferred Tax 2.98 0.24 1141.67 2.98 0.24 1141.67 0.64 0.13 392.31 PAT 1.15 8.36 -86.24 1.15 8.36 -86.24 15.93 17.65 -9.75 Equity 6.38 6.38 0.00 6.38 6.38 0.00 6.38 6.38 0.00 PBIDTM(%) 1.25 2.31 -46.20 1.25 2.31 -46.20 1.47 1.49 -1.42
The revenue slipped marginally during the March 2018 quarter. A decline of about Rs. 660.46 millions was observed as compared to Rs. 664.77 millions during the corresponding quarter last year.A big decline of -69.98% was reported for the quarter ended March 2018 to Rs. 1.60 millions from Rs. 5.33 millions of corresponding previous quarter.The Operating Profit of the company witnessed a decrease to 8.33 millions from 8.64 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201803 201703 % Var 201803 201703 % Var 201803 201703 % Var Sales 660.46 664.77 -0.65 2399.70 2190.16 9.57 2399.70 2190.16 9.57 Other Income 2.40 0.19 1163.16 5.22 6.08 -14.14 5.22 6.08 -14.14 PBIDT 8.33 8.64 -3.59 35.19 32.58 8.01 35.19 32.58 8.01 Interest 1.56 0.09 1633.33 3.60 0.28 1185.71 3.60 0.28 1185.71 PBDT 6.77 8.59 -21.19 31.60 32.27 -2.08 31.60 32.27 -2.08 Depreciation 2.34 2.87 -18.47 8.97 8.20 9.39 8.97 8.20 9.39 PBT 4.43 5.72 -22.55 22.63 24.07 -5.98 22.63 24.07 -5.98 TAX 2.83 0.40 607.50 6.70 6.42 4.36 6.70 6.42 4.36 Deferred Tax 0.50 -1.41 -135.46 0.64 0.13 392.31 0.64 0.13 392.31 PAT 1.60 5.33 -69.98 15.93 17.65 -9.75 15.93 17.65 -9.75 Equity 6.38 6.38 0.00 6.38 6.38 0.00 6.38 6.38 0.00 PBIDTM(%) 1.26 1.30 -2.96 1.47 1.49 -1.42 1.47 1.49 -1.42
The Total revenue for the quarter ended December 2017 of Rs. 566.14 millions remain, more or less, the same.A radical decline of -91.37% was reported in the net profit of the company for the quarter ended December 2017 to Rs. 0.56 millions from Rs. 6.49 millions.Operating profit Margin for the quarter ended December 2017 slipped to -0.35% as compared to 12.51% of corresponding quarter ended December 2016 (Rs. in Million) Quarter ended Year to Date Year ended 201712 201612 % Var 201712 201612 % Var 201703 201603 % Var Sales 566.14 553.67 2.25 1739.24 1525.35 14.02 2190.12 1297.85 68.75 Other Income 0.81 2.47 -67.21 2.82 5.89 -52.12 6.08 4.14 46.86 PBIDT -0.35 12.51 -102.80 26.88 23.89 12.52 32.52 8.95 263.35 Interest 0.50 0.18 177.78 2.04 0.20 920.00 0.28 2.80 -90.00 PBDT -0.85 12.32 -106.90 24.84 23.68 4.90 32.27 6.27 414.67 Depreciation 2.36 1.86 26.88 6.64 5.34 24.34 8.20 9.52 -13.87 PBT -3.21 10.46 -130.69 18.20 18.34 -0.76 24.07 -3.25 -840.62 TAX -3.77 3.97 -194.96 3.87 6.02 -35.71 6.42 -0.12 -5450.00 Deferred Tax -0.35 1.76 -119.89 0.14 1.54 -90.91 0.13 0.09 44.44 PAT 0.56 6.49 -91.37 14.33 12.32 16.31 17.65 -3.13 -663.90 Equity 6.38 6.38 0.00 6.38 6.38 0.00 6.38 6.38 0.00 PBIDTM(%) -0.06 2.26 -102.74 1.55 1.57 -1.32 1.48 0.69 115.26
Net sales declined -9.41% to Rs. 500.52 million from Rs. 552.52 millions.The company has announced a 43.88% increase in its profits to Rs . 5.41 millions for the quarter ended September 2017 compared to Rs. 3.76 millions in the corresponding quarter in the previous year.OP of the company witnessed a marginal growth to 11.66 millions from 7.43 millions in the same quarter last year. (Rs. in Million) Quarter ended Year to Date Year ended 201709 201609 % Var 201709 201609 % Var 201703 201603 % Var Sales 500.52 552.52 -9.41 1173.10 971.68 20.73 2190.12 1297.85 68.75 Other Income 1.43 2.51 -43.03 2.01 3.42 -41.23 6.08 4.14 46.86 PBIDT 11.66 7.43 56.93 27.23 11.38 139.28 32.52 8.95 263.35 Interest 0.83 0.01 8200.00 1.54 0.02 7600.00 0.28 2.80 -90.00 PBDT 10.83 7.42 45.96 25.69 11.36 126.14 32.27 6.27 414.67 Depreciation 2.21 1.73 27.75 4.28 3.48 22.99 8.20 9.52 -13.87 PBT 8.62 5.69 51.49 21.41 7.88 171.70 24.07 -3.25 -840.62 TAX 3.21 1.93 66.32 7.64 2.05 272.68 6.42 -0.12 -5450.00 Deferred Tax 0.25 0.06 316.67 0.49 -0.22 -322.73 0.13 0.09 44.44 PAT 5.41 3.76 43.88 13.77 5.83 136.19 17.65 -3.13 -663.90 Equity 6.38 6.38 0.00 6.38 6.38 0.00 6.38 6.38 0.00 PBIDTM(%) 2.33 1.34 73.24 2.32 1.17 98.19 1.48 0.69 115.26
A decent increase of about 60.46% in the turnover to Rs. 672.58 millions was observed for the quarter ended June 2017. The turnover stood at Rs. 419.16 millions during the similar quarter previous year.The Total revenue for the quarter ended June 2017 of Rs. 8.36 millions grew by 303.86% from Rs. 2.07 millions.The company reported a good operating profit of 15.57 millions compared to 3.95 millions of corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201706 201606 % Var 201706 201606 % Var 201703 201603 % Var Sales 672.58 419.16 60.46 672.58 419.16 60.46 2190.12 1297.85 68.75 Other Income 0.58 0.91 -36.26 0.58 0.91 -36.26 6.08 4.14 46.86 PBIDT 15.57 3.95 294.18 15.57 3.95 294.18 32.52 8.95 263.35 Interest 0.71 0.01 7000.00 0.71 0.01 7000.00 0.28 2.80 -90.00 PBDT 14.86 3.94 277.16 14.86 3.94 277.16 32.27 6.27 414.67 Depreciation 2.07 1.75 18.29 2.07 1.75 18.29 8.20 9.52 -13.87 PBT 12.79 2.19 484.02 12.79 2.19 484.02 24.07 -3.25 -840.62 TAX 4.43 0.12 3591.67 4.43 0.12 3591.67 6.42 -0.12 -5450.00 Deferred Tax 0.24 -0.28 -185.71 0.24 -0.28 -185.71 0.13 0.09 44.44 PAT 8.36 2.07 303.86 8.36 2.07 303.86 17.65 -3.13 -663.90 Equity 6.38 6.38 0.00 6.38 6.38 0.00 6.38 6.38 0.00 PBIDTM(%) 2.31 0.94 145.65 2.31 0.94 145.65 1.48 0.69 115.26
Welcast Steels has informed that the meeting of the Board of Directors of the Company will be held on February 08, 2017, for taking on record the Unaudited Financial Results for the quarter and nine months ended on December 31, 2016. Further, as per the Company’s Code of Conduct to regulate, monitor and report trading by insiders, adopted by the Board of Directors, pursuant to SEBI (Prohibition of Insider Trading) Regulation, 2015, the trading window for dealing in the securities of the Company shall remain closed for the designated persons from January 28, 2017 to February 10, 2017.The above information is a part of company’s filings submitted to BSE.
Welcast Steels has informed that the Register of Members & Share Transfer Books of the Company will remain closed from August 06, 2016 to August 12, 2016 for the purpose of 44th Annual General Meeting (AGM) of the Company to be held on August 12, 2016.The above information is a part of company’s filings submitted to BSE.
Welcast Steels has informed about Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended June 30, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.