Steel stock falls 8% after its net profit falls by 67.96% YoYSteel stock falls 8% after its net profit falls by 67.96% YoY

Introduction:

Leading steel manufacturer reported a 67.96% YoY decline in net profit for Q3 FY25, alongside a 66.3% drop in revenue. The company faced market challenges, with total income falling 66.4%, reflecting continued pressure on sales and demand.

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Share price movement of Kalyani Steels:

On February 3, 2025, Kalyani Steels Ltd opened at ₹887.85, up 2% from its previous close of ₹870.40. The stock reached a high of ₹887.85 and a low of ₹797.90. By 3:17 PM, it traded at ₹798.20, down 8.30%, with a market cap of ₹3,484.39 crore.

Kalyani Steels Reports Sharp Profit Decline:

Kalyani Steels Limited reported a sharp decline in net profit for Q3 FY25, falling 67.96% YoY to ₹56.4 crore from ₹176 crore in Q3 FY24. Sequentially, net profit dropped 16.2% from ₹67.3 crore in Q2 FY25, reflecting market challenges.

Revenue from operations saw a steep 66.3% YoY decline, dropping to ₹484 crore from ₹1,437.5 crore in Q3 FY24. Sequentially, revenue fell by 1.6% from ₹492.1 crore in Q2 FY25, indicating continued pressure on sales and demand.

Total income for Q3 FY25 stood at ₹497.4 crore, down 66.4% from ₹1,479.1 crore in Q3 FY24. The sequential decrease from ₹507 crore in Q2 FY25 highlights ongoing financial headwinds, posing challenges to the company’s growth trajectory.

Stock performance of Kalyani Steels for Period of 1 week, 6 months and 1 year:

Kalyani Steels Ltd has seen a 7.69% decline in stock price over the past week and a 2.20% dip over the last six months. However, the stock has gained 25.3% over the past year, reflecting long-term growth potential.

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Shareholding pattern of Kalyani Steels:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	64.70%	64.70%	64.70%
FII	2.70%	2.10%	2.50%
DII	10.80%	12.10%	12.00%
Public	21.80%	21.10%	20.80%

About Kalyani Steels:

Kalyani Steels Ltd (NSE: KSL), a part of the Kalyani Group, manufactures and sells iron and steel products. Its portfolio includes camshafts, gears, axle beams, and rolled bars, catering to the automotive, seamless tube, and engineering industries.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.