Flash Focus: Fast Facts For Smart Investors
The company also manufactures various structural steel components such as H beams, I beams, channels, angles, and round bars, as well as ERW pipes commonly used in industries like chemical, construction, and agriculture.
MSP operates an ISO 14001:2015 certified integrated steel plant in Raigarh, Chhattisgarh, highlighting its commitment to quality and environmental standards.
Financials:
It came out with impressive June, 2024 quarter results:
The Net Sales in Q1FY25 came at Rs.772.00 crore in June 2024 up 15.03% from Rs.671.12 crore in June 2023.
Quarterly Net Profit came at Rs.6.78 crore in June 2024 up 474.04% from Rs.1.81 crore in June 2023.
EBITDA stood at Rs. 44.45 crore in June 2024 up 20.07% from Rs. 37.02 crore in June 2023.
MSP Steel EPS has increased to Rs.0.18 in June 2024 from Rs. 0.05 in June 2023.
This is obviously a good news for the shareholders of ZEEL (Rs.121.70), because the popular show: SaReGaMaPa, on Zee TV is conducted by Zee Entertainment Enterprises Limited (ZEEL) and NOT by Zee Media.
ZEEL is the entertainment arm responsible for producing and airing TV shows and content on Zee TV, while Zee Media focuses on news and information channels.
Also, ZEEL holds ~15% stake in Zee Learn Ltd (Rs.9.42). This stake is part of the promoter holding within the education-focused company, which operates preschool, K-12, and skill development institutions like Kidzee & Mount Litera Schools.
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