Prakash Steelage Reports Significant Profit Decline and Revenue Challenges in May 2025 Results
Prakash Steelage has reported its financial results for the quarter ending March 2025, revealing challenges in profitability and revenue generation. The Profit After Tax for the nine-month period is Rs 1.22 crore, down significantly from the previous year, while net sales for the last six months total Rs 40.55 crore.
Prakash Steelage, a microcap company in the Iron & Steel Products industry, has recently reported its financial results for the quarter ending March 2025. The results, declared on May 26, 2025, indicate notable challenges for the company. The Profit After Tax (PAT) for the nine-month period stands at Rs 1.22 crore, reflecting a significant decline compared to the previous year, with a year-on-year change of -49.47%. This trend suggests ongoing difficulties in maintaining profitability. Additionally, net sales for the latest six months reached Rs 40.55 crore, which also shows a year-on-year decline of -21.40%. This indicates a challenging environment for revenue generation.
In light of these results, Prakash Steelage has experienced an adjustment in its evaluation, with its score shifting to -7 from -10 over the past three months. This revision highlights the ongoing financial pressures faced by the company.
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