Prakash Industries - Q3FY18 - (Must Grab)

1. Profit at Rs 101.3 cr v/s   Rs 18.1 cr Y-O-Y.
2. The growth in profitability is due to better sales realisation, higher volumes and major cost savings .
3. The domestic steel and ferro alloys prices have witnessed a steep rise of more than 20%, improving turnover and profitability margins.
4. Revenue from operations jumped by 54.9% to Rs 726 cr v/s to Rs 468.5 cr.
5. Operating profit jumped to  Rs 150.5 cr v/s Rs 62.1 cr Y-O-Y.
6. Prakash Industries has reduced its debt by around Rs 160 cr during nine months ended December 2017.
7. The company is confident to be debt free in next two years.
8. The capacity utilisation in Q4FY18 is expected to be near 100% which will help it achieve higher sales volumes and turnover.