Bombay Coated and Special Steels (BCSSL) Q4 22/23 earnings summary

Executive summary

• FY23 total revenue was ₹59,20,945 thousand and profit after tax was ₹1,59,852 thousand, compared with ₹47,95,221 thousand and ₹68,052 thousand in FY22.

• Operations covered three locations—Bhiwandi, Wada and Rajasthan—with Bhiwandi contributing the largest share of sales and pre-tax profit.

Financial highlights

• Revenue from operations was ₹59,08,753 thousand in FY23 versus ₹47,93,853 thousand in FY22; other income was ₹12,192 thousand versus ₹1,368 thousand.

• Profit before tax rose to ₹2,14,170 thousand from ₹92,339 thousand; profit after tax was ₹1,59,852 thousand versus ₹68,052 thousand.

• Basic and diluted EPS were both ₹16.15 in FY23, compared with ₹13.61 in FY22.

• Finance costs were ₹1,53,309 thousand versus ₹1,09,789 thousand; depreciation and amortisation expense was ₹21,789 thousand versus ₹10,401 thousand.

Segment performance

• Bhiwandi generated revenue of ₹35,71,787 thousand and PBT of ₹1,99,415 thousand; Wada generated ₹20,20,685 thousand and PBT of ₹33,760 thousand.

• Rajasthan generated revenue of ₹3,16,281 thousand and recorded a PBT loss of ₹19,006 thousand; total segment revenue was ₹59,08,753 thousand.

• The three locations were reported as segments for the single product operation; sales quantities were 3,78,44,118 for Bhiwandi, 2,11,84,435 for Wada and 40,20,260 for Rajasthan.