Jayaswal Neco Industries (522285) Q3 22/23 earnings summary

Executive summary

• Q3 revenue from operations was Rs 168,558 lakh and net profit was Rs 5,768 lakh; nine-month revenue was Rs 487,357 lakh and net profit was Rs 22,167 lakh.

• Q3 profit before exceptional items and tax was Rs 10,006 lakh, versus a loss of Rs 15,308 lakh in the year-earlier quarter; a Rs 5,055 lakh exceptional charge reduced Q3 PBT to Rs 4,951 lakh.

Financial highlights

• Q3 total income was Rs 169,053 lakh versus Rs 137,805 lakh in Q3 FY22; revenue from operations was Rs 168,558 lakh versus Rs 137,539 lakh.

• Nine-month revenue from operations was Rs 487,357 lakh versus Rs 436,658 lakh; profit before exceptional items and tax was Rs 7,310 lakh versus Rs 8,267 lakh.

• Nine-month net profit was Rs 22,167 lakh versus Rs 9,432 lakh; total comprehensive income was Rs 22,203 lakh versus Rs 9,586 lakh.

Segment performance

• Q3 Steel segment revenue was Rs 154,970 lakh and segment result before tax was Rs 20,508 lakh; year-earlier figures were Rs 124,712 lakh and Rs 8,196 lakh.

• Q3 Iron & Steel Castings revenue was Rs 14,373 lakh and segment result was Rs 771 lakh, versus revenue of Rs 13,553 lakh and a loss of Rs 99 lakh a year earlier.

• Nine-month Steel revenue was Rs 447,627 lakh versus Rs 401,366 lakh; Iron & Steel Castings revenue was Rs 44,123 lakh versus Rs 38,569 lakh.