The company submitted the transcript of its Post Earnings Call regarding the financial results for the quarter.
Revenue was Rs. 148.7 Cr, impacted by a temporary shutdown by key customers.
Profit after tax stood at Rs. 15.2 Cr.
The company continues progress on its Bokaro Greenfield project, a Rs. 803 Cr capital expenditure, with color-coated sheet plant revenue expected to commence by the fourth quarter.
It commissioned two new tube mills and a 1.28 MW rooftop solar installation, boosting tube manufacturing capacity to approximately 600,000 metric tons annually.
Major orders, including a Rs. 365 Cr and a Rs. 1,700 Cr contract primarily from Tata Steel, signify a robust order book.
Net debt increased to Rs. 160 Cr.
The company aims for a peak debt-equity ratio of 2:1, funded by debt and internal accruals, and plans for NSE listing, expressing optimism about India's steel demand and market expansion.
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