Maithan Alloys sees mixed financial results for March 2024

Maithan Alloys reported a mixed financial performance for the quarter ending March 2024. The company’s net sales dropped by 18.97% year-on-year to ₹433.27 crore, down from ₹534.73 crore in March 2023.

Despite the decline in sales, Maithan Alloys saw a significant increase in its quarterly net profit. The profit surged by 44.77% to ₹142.08 crore, compared to ₹98.14 crore in the same period last year. The company’s EBITDA also rose by 36.43%, reaching ₹180.93 crore, up from ₹132.62 crore in March 2023.

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Earnings per share (EPS) for Maithan Alloys increased to ₹48.81 in March 2024, up from ₹33.69 in March 2023.

By 2:45 PM today, the shares were trading 2.09% higher at ₹1,230.50 on the NSE.