Scan Steels Reports Strong Financial Performance in Q1 FY25, Receives 'Hold' Call from MarketsMOJO

Scan Steels, a microcap company in the iron and steel industry, has recently announced its financial results for the quarter ending June 2024. The results have been declared on July 31, 2024 and have received a ‘Hold’ call from MarketsMOJO.

According to the financials, Scan Steels has shown a very positive performance in the quarter, with a consistent score in the last three months. The company’s Profit Before Tax less Other Income (PBT) has seen a significant growth of 222.2% compared to the average PBT of the previous four quarters, which was Rs 5.54 crore. This indicates a very positive trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) has also shown a growth of 228.7% compared to the average PAT of the previous four quarters, which was Rs 4.43 crore. This is another positive sign for the company’s financials in the near term. The Operating Profit (PBDIT) for the quarter is the highest in the last five quarters at Rs 24.05 crore, indicating a positive trend in the near term.

The company’s efficiency has also improved as seen in the Operating Profit Margin, which is the highest at 10.30% in the last five quarters. This shows that Scan Steels has been able to generate higher profits with its operations. The company’s PBT and PAT have also been the highest in the last five quarters, further highlighting its positive financial performance.

In terms of earnings, Scan Steels has shown a consistent increase with the highest Earnings per Share (EPS) of Rs 2.78 in the last five quarters. This indicates that the company has been able to create higher earnings for its shareholders.

Overall, Scan Steels has shown a very positive financial performance in the quarter ending June 2024, with a consistent trend in the last few months. This is a promising sign for the company and its shareholders.