Net profit of Sunflag Iron & Steel Company rose 8.21% to Rs 42.96 crore in the quarter ended March 2024 as against Rs 39.70 crore during the previous quarter ended March 2023. Sales rose 9.80% to Rs 919.03 crore in the quarter ended March 2024 as against Rs 836.97 crore during the previous quarter ended March 2023.For the full year,net profit declined 87.13% to Rs 143.55 crore in the year ended March 2024 as against Rs 1115.29 crore during the previous year ended March 2023. Sales declined 2.10% to Rs 3415.28 crore in the year ended March 2024 as against Rs 3488.42 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales919.03836.97 10 3415.283488.42 -2 OPM %10.7711.61 -10.9812.78 - PBDT76.9071.77 7 284.48371.79 -23 PBT50.8350.33 1 181.47291.15 -38 NP42.9639.70 8 143.551115.29 -87 Powered by Capital Market - Live News

Net profit of Sunflag Iron & Steel Company declined 39.73% to Rs 35.96 crore in the quarter ended December 2023 as against Rs 59.66 crore during the previous quarter ended December 2022. Sales declined 1.80% to Rs 853.78 crore in the quarter ended December 2023 as against Rs 869.42 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales853.78869.42 -2 OPM %11.3513.41 - PBDT72.2997.99 -26 PBT46.6078.23 -40 NP35.9659.66 -40 Powered by Capital Market - Live News

Sunflag Iron & Steel Company will hold a meeting of the Board of Directors of the Company on 9 February 2024.Powered by Capital Market - Live News

Sunflag Iron & Steel Company has received revision in credit ratings from CARE as under:Total facilities - Rs 1790.84 croreLong term bank facilities (Rs 1192.19 crore) - CARE A+; Stable (reaffirmed) Long term / short term bank facilities (Rs 540.68 crore) - CARE A+; Stable/ CARE A1+ (reaffirmed) Long term / short term bank facilities (Rs 57.97 crore) - CARE A+; Stable/ CARE A1+ (revised from CARE A+; Stable) Powered by Capital Market - Live News

Net profit of Sunflag Iron & Steel Company declined 59.23% to Rs 38.77 crore in the quarter ended September 2023 as against Rs 95.09 crore during the previous quarter ended September 2022. Sales declined 3.11% to Rs 858.01 crore in the quarter ended September 2023 as against Rs 885.51 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales858.01885.51 -3 OPM %11.5218.31 - PBDT77.00145.87 -47 PBT51.37126.11 -59 NP38.7795.09 -59 Powered by Capital Market - Live News