Jayaswal Neco Industries (522285) Q1 22/23 earnings summary

Executive summary

• Q1 FY23 revenue from operations rose YoY, while profit before exceptional items and tax and profit after tax declined; total expenses increased YoY.

• The quarter had no exceptional items; prior-year figures included substantial debt-restructuring-related exceptional gains.

Financial highlights

• Revenue from operations ₹152,712 lakh vs ₹139,435 lakh YoY; total income ₹153,063 lakh vs ₹139,623 lakh.

• Total expenses ₹149,816 lakh vs ₹127,314 lakh YoY; cost of materials consumed ₹90,300 lakh vs ₹54,138 lakh.

• Profit before exceptional items and tax ₹3,247 lakh vs ₹12,309 lakh YoY; profit after tax ₹2,324 lakh vs ₹13,436 lakh.

Segment performance

• Steel revenue ₹140,480 lakh vs ₹129,794 lakh YoY; segment result ₹13,726 lakh vs ₹37,044 lakh.

• Iron & Steel Castings revenue ₹14,284 lakh vs ₹10,929 lakh YoY; segment result ₹771 lakh vs loss of ₹153 lakh.

• Total segment results were ₹14,497 lakh; after finance costs, unallocated expenditure and income, profit before exceptional items and tax was ₹3,247 lakh.