Net profit of Prakash Industries rose 53.16% to Rs 88.77 crore in the quarter ended March 2024 as against Rs 57.96 crore during the previous quarter ended March 2023. Sales declined 11.88% to Rs 890.44 crore in the quarter ended March 2024 as against Rs 1010.54 crore during the previous quarter ended March 2023.For the full year,net profit rose 82.79% to Rs 348.17 crore in the year ended March 2024 as against Rs 190.48 crore during the previous year ended March 2023. Sales rose 6.80% to Rs 3677.77 crore in the year ended March 2024 as against Rs 3443.75 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales890.441010.54 -12 3677.773443.75 7 OPM %13.8110.71 -13.4012.00 - PBDT123.9995.52 30 498.97342.22 46 PBT86.7757.96 50 346.17190.48 82 NP88.7757.96 53 348.17190.48 83 Powered by Capital Market - Live News

Prakash Industries will hold a meeting of the Board of Directors of the Company on 17 May 2024Powered by Capital Market - Live News

Net profit of Prakash Industries rose 77.95% to Rs 80.56 crore in the quarter ended December 2023 as against Rs 45.27 crore during the previous quarter ended December 2022. Sales rose 16.34% to Rs 885.07 crore in the quarter ended December 2023 as against Rs 760.78 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales885.07760.78 16 OPM %13.9513.33 - PBDT118.5183.46 42 PBT80.5645.27 78 NP80.5645.27 78 Powered by Capital Market - Live News

Prakash Industries will hold a meeting of the Board of Directors of the Company on 9 February 2024.Powered by Capital Market - Live News

Prakash Industries has made payment of Rs. 35.12 crore to the Office of Collector, Janjgir-Champa, Chhattisgarh State Government, towards premium of land to be transferred to Forest Department for Compensatory Afforestation in lieu of forest land with respect to Bhaskarpara Commercial Coal Mine in Chhattisgarh. As informed earlier, the In-principle Stage-I approval under the Forest (Conservation) Act, 1980 and Environmental Clearance (EC) for the said mine is already in place. The development of the said mine is progressing fast and the Mining lease is likely to be executed in the next quarter. The supplies of coal from this mine shall provide stability to the Company`s Integrated Steel operations as well as significant cost reductions. Further, this being a commercial mine, it shall also boost the revenue and the profitability through sale of coal in the open market.Powered by Capital Market - Live News