Steel Exchange India gains on reporting around 4-fold jump in Q4 net profit
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Steel Exchange India is currently trading at Rs. 217.00, up by 4.60 points or 2.17% from its previous closing of Rs. 212.40 on the BSE.
The scrip opened at Rs. 219.00 and has touched a high and low of Rs. 221.90 and Rs. 217.00 respectively. So far 7208 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.50 on 14-Jan-2022 and a 52 week low of Rs. 56.45 on 31-May-2021.
Last one week high and low of the scrip stood at Rs. 233.75 and Rs. 210.00 respectively. The current market cap of the company is Rs. 1917.53 crore.
The promoters holding in the company stood at 49.78%, while Institutions and Non-Institutions held 11.51% and 38.71% respectively.
Steel Exchange India has reported results for fourth quarter and year ended March 31, 2022.
The company has reported around 4-fold jump in its net profit at Rs 112.48 crore for the quarter under review as compared to Rs 29.11 crore for the same quarter in the previous year. Total income of the company increased by 9.81% at Rs 373.41 crore for Q4FY22 as compared Rs 340.05 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a fall of 16.79% in its net profit at Rs 116.48 crore as compared to Rs 139.98 crore for the previous year. Total income of the company increased by 21.44% at Rs 1,119.75 crore for year under review as compared to Rs 922.05 crore for year ended March 31, 2021.
