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Kalyani Steels jumped 4.25% to Rs 764.65 after it reported standalone net profit increase 14.52% to Rs 66.79 core despite a 2.51% rise in revenue from operations to Rs 492.10 crore in Q2 FY25 over Q2 FY24.

Kalyani Steels rises after Q2 PAT gains 15% YoY to Rs 67 cr

28-Oct-2024, 02:22
Profit before tax (PBT) in Q2 FY25 stood at 89.50 crore, up by 14.07% from Rs 78.46 crore recorded in Q2 FY24. Total tax expenses during the period under review aggregated to Rs 22.71 crore, up 12.82% YoY.

Total expenses increased by 1.46% YoY to Rs 416.68 crore in Q2 FY25. Raw material costs stood at Rs 251.01 crore (down 16.89% YoY), higher other expenses (up 5.85% YoY) and employee benefit expenses (up 1.06% YoY) during the period under review.

Kalyani Steels is a part of the Pune (Maharashtra)-based Kalyani group. The company L is a leading manufacturer of forging and engineering quality carbon and alloy steel which caters to the requirement of various segments, viz., automotive, oil & gas, energy, bearings, seamless tubes, railways, etc. The company is a preferred steel supplier for engineering, automotive, seamless tube and primary aluminium industry used in the automobile and engineering industries.