Net profit of Prakash Industries rose 77.95% to Rs 80.56 crore in the quarter ended December 2023 as against Rs 45.27 crore during the previous quarter ended December 2022. Sales rose 16.34% to Rs 885.07 crore in the quarter ended December 2023 as against Rs 760.78 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales885.07760.78 16 OPM %13.9513.33 - PBDT118.5183.46 42 PBT80.5645.27 78 NP80.5645.27 78 Powered by Capital Market - Live News

Prakash Industries will hold a meeting of the Board of Directors of the Company on 9 February 2024.Powered by Capital Market - Live News

Prakash Industries has made payment of Rs. 35.12 crore to the Office of Collector, Janjgir-Champa, Chhattisgarh State Government, towards premium of land to be transferred to Forest Department for Compensatory Afforestation in lieu of forest land with respect to Bhaskarpara Commercial Coal Mine in Chhattisgarh. As informed earlier, the In-principle Stage-I approval under the Forest (Conservation) Act, 1980 and Environmental Clearance (EC) for the said mine is already in place. The development of the said mine is progressing fast and the Mining lease is likely to be executed in the next quarter. The supplies of coal from this mine shall provide stability to the Company`s Integrated Steel operations as well as significant cost reductions. Further, this being a commercial mine, it shall also boost the revenue and the profitability through sale of coal in the open market.Powered by Capital Market - Live News

Net profit of Prakash Industries rose 102.79% to Rs 89.43 crore in the quarter ended September 2023 as against Rs 44.10 crore during the previous quarter ended September 2022. Sales rose 14.42% to Rs 888.98 crore in the quarter ended September 2023 as against Rs 776.94 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales888.98776.94 14 OPM %14.4313.25 - PBDT127.9082.30 55 PBT89.4344.10 103 NP89.4344.10 103 Powered by Capital Market - Live News

Prakash Industries will hold a meeting of the Board of Directors of the Company on 7 November 2023.Powered by Capital Market - Live News