Steelcast Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2022
May 18, 2022 at 05:22 pm IST
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Steelcast Limited reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported sales was INR 930.37 million compared to INR 554.77 million a year ago. Revenue was INR 931.62 million compared to INR 557.25 million a year ago. Net income was INR 96.31 million compared to INR 44.33 million a year ago. Basic earnings per share from continuing operations was INR 4.76 compared to INR 2.19 a year ago. Diluted earnings per share from continuing operations was INR 4.76 compared to INR 2.19 a year ago.
For the full year, sales was INR 3,020.4 million compared to INR 1,577.3 million a year ago. Revenue was INR 3,023.56 million compared to INR 1,592.2 million a year ago. Net income was INR 332.72 million compared to INR 120.21 million a year ago. Basic earnings per share from continuing operations was INR 16.44 compared to INR 5.94 a year ago. Diluted earnings per share from continuing operations was INR 16.44 compared to INR 5.94 a year ago.
Steelcast Limited is an India-based manufacturer of steel and alloy steel castings. The Company specializes in the manufacture of products for mission-critical applications. It is engaged in catering to a host of original equipment manufacturers (OEMs) for industry sectors, such as earth moving, mining and mineral processing, railway, steel plants, cement, energy, valves and pumps, electro locomotive, aerobridge, oil exploration, shipping, and general engineering. Its products include adapter and tooth point, front axle spindle, components for backhoe loader, steering case, coupler body, box type tooth points, continuous drag chain, track shoe assembly, cooler grate plates, grinding roller, pressure plate, cylinder head, commercial chamber, oil field equipment-body casing, anchor and shank assembly, segment feeder, car shredding hammer, plastic injection mold plate, and gate valves, among others. The Companyâs manufacturing facility is in Bhavnagar district (Gujarat), Alang.
STEELCAST LIMITED 
