Kalyani Steels Q3 FY10 Results : Turnaround

by khalid on 17/02/2010 · 0 comments

Kalyani Steels Ltd.’s principal activity is to manufacture and market iron and steel products. The Pune-based company is a part of the over $2.1 billion Kalyani Group. It is one of the leading mini steel plants manufacturing quality carbon and alloy steels, engineering and alloy steel ingots, blooms and billets conforming to international standards. The company has posted a turnaround in net profit for the period Q3 (ending Dec 09) of the current fiscal (FY10). During the said quarter, net profit of the company has come to Rs 13.58 crores in comparison to Rs 8.63 crores loss of Q3 (ending Dec 08) of previous year(FY09).

The company informed the market that the net sales increased 2.61 times to Rs 328.01 crores in Q3 FY10 when compared with the same quarter Q3 FY09 of previous year. Net sales was Rs 125.84 crores in last year’s same quarter.

Share’s Data :
BSE Code : 500235
ISIN Demat: INE907A01018
Mkt. Cap: Rs 915 Crores
P/E Ratio: 275.46
EPS (Rs): 0.76
Face Value : Rs 10
Last bonus : 1:1 in Aug 1990
Last Dividend : 40% in June 2008
52 Week H/L : Rs 244.50 / 36.10
Kalyani Steels Ltd. share’s CMP is Rs 209.60 on 17th Feb 2010.

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