Industrial Products firm Steel Cast announced Q1FY23 Result :
- Robust revenue and profitability growth was on the back of strong orderbook from customers across all industry and was driven by good volumes and better operational efficiencies
- Revenue from Operations for Q1FY23 is Rs.115.6 Crores, an increase of ~120 % compared to Q1FY22 and an increase of ~24 % compared to Q4FY22.
- Softening of input prices witnessed during Q1FY23 led to improved value addition.
- The approval from Association of American Railroad(AAR) is at advanced stage and supply expected to commence from Q3FY23