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Steelcast Limited (SCL) is engaged in the business of manufacturing Steel and Alloy Steel Castings catering to a host of OEMs for diverse industrial sectors.
STEELCAST approved an 8500-ton Greenfield Foundry expansion for Rs. 120 Cr via internal accruals. This 2-year project aims to meet rising demand, targeting 90% capacity utilization.
The company has received cautionary communications from the National Stock Exchange and the Bombay Stock Exchange regarding a delay in reporting the appointment of Mr. Dipam A. Patel as an Independent Director, which occurred during a board meeting on September 7, 2024. Although the disclosures were made 66 and 89...
Net Sales for the quarter ending December 31, 2024, stood at ₹10,181.31 crore, marking a robust revenue growth of approximately 34.0% year-over-year compared to ₹7,590.48 crore. This growth likely stems from increased demand and market expansion within the casting industry. Net profit for the quarter was ₹1,920.91 crore, a significant...
**Financial Highlights**: In the quarter ended September 30, 2024, Steelcast Limited reported net sales and income from operations of ₹7,590.48 Cr, a decline from ₹10,161.01 Cr in the same quarter last year. Total income stood at ₹7,739.67 Cr, down from ₹10,227.49 Cr year-on-year. Profit before tax increased slightly to ₹1,789.39...
Steelcast Limited's Board of Directors approved the unaudited financial results for Q2 and H1 FY 2024-25, reporting a profit of ₹1,329.25 lakhs, down from ₹1,859.46 lakhs YoY. The board declared a second interim dividend of ₹1.35 per share, payable by December 9, 2024, and set November 22, 2024, as the...