Ispat Industries gained 0.92 to Rs 21.85 at 11:01 IST on BSE on reporting net profit of Rs 34.80 crore in the year ended March 2008 as compared to net loss of Rs 9.53 crore in the year ended March 2007.
The company announced the results after trading hours yesterday,
The stock hit a high of Rs 22 and a low of Rs 20.80 so far during the day. The stock had a 52-week high of Rs 87.40 on
The company has an equity capital of Rs 1222.44 crore. Face value per share is Rs 10.
The current price of Rs 21.85 discounts its Q4 March 2008 annualised EPS of Rs 1.60, by a
PE multiple of 13.66.
Ispat Industries’ net sales rose 10.7% to Rs 8284.14 crore in the year ended March 2008 over the year ended March 2007.
The company reported a 40.5% fall in net profit to Rs 48.99 crore on 8.3% increase in net sales to Rs 2279.01 crore in Q4 March 2008 over Q4 March 2007.
Ispat Industries, promoted by the Mittals group, is into manufacture of all types of galvanized plain/corrugated steel sheets/strips, coils and sponge iron.
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