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Net Sales for Prakash Industries Limited reached ₹926 crores in the latest quarter, showing an increase from ₹885 crores year-on-year. Operating Profit also saw a rise to ₹125 crores from ₹123 crores, with Profit after Tax improving to ₹84 crores compared to ₹81 crores in the previous year.
For the nine months ended December 31, 2024, Net Sales totaled ₹3,170 crores, up from ₹2,787 crores, while Operating Profit increased to ₹388 crores from ₹370 crores. Profit after Tax rose to ₹265 crores, though it is important to note that the previous year's figure included a one-time profit of ₹35 crores from asset sales.
The company has commenced operations at the Bhaskarpara Coal Mine, with overburden removal underway. Coal extraction is anticipated to begin shortly, enhancing efficiency and reducing costs for its Integrated Steel Plant. Additionally, the commercial nature of the mine promises further revenue through coal sales, bolstering overall profitability. Investors should monitor these developments, as they might indicate a positive outlook and potential growth for the company.