Shares of Kalyani Steel Ltd. hit a record high on Monday after its profit jumped in the third quarter of fiscal 2024.
The company's net profit rose 67% year-on-year to Rs 65.3 crore in the quarter ended December 2023, according to an exchange filing
Kalyani Steels Q3 Results Key Highlights (Consolidated, YoY)
Revenue rose 7.5% to Rs 479.8 crore.
Ebitda rose 68.6% to Rs 95.6 crore.
Margin rose 722 bps to 19.92%.
Net profit rose 67% to Rs 65.3 crore.
Shares of Kalyani Steels rose as much as 4.86%, the highest level since listing on July 2, 1997, before paring gains to trade 2.62% higher at 1:00 p.m. This compares to a 0.39% advance in the NSE Nifty 50.
The stock has risen 105.65% in 12 months. Total traded volume so far in the day stood at 1.7 times its 30-day average. The relative strength index was at 72.52, implying the stock was overbought.
RECOMMENDED FOR YOU
IDBI Bank Q1 Updates: Net Advances Jump 9%, Deposits Up 7%
Jul 04, 2025
NMDC Steel Share Price Advances After Quarterly Revenue Rise
May 28, 2025
South Indian Bank Share Price Advances After Q4 Profit Jump, Asset Quality Improvement
May 16, 2025
Symphony Share Price Surges Over 12% After Q4 Profit Jump
May 08, 2025
POPULAR