Electrosteel Castings Ltd

The Board of Electrosteel Castings at its meeting held today i.e., on 28 May 2025 noted that the Company has received Provisional Compensation Order dated 15 May 2025 from the Ministry of Coal, Government of India in respect of compensation of Cost of Geological Report, Cost of Consent, Land and Mine Infrastructure payable to prior allottees of Parbatpur Central Coal Mine in terms of Coal Mines (Special Provisions) Act, 2015. As per the aforementioned Provisional Compensation Order, the Ministry of Coal has estimated an amount of Rs. 498.72 crore as compensation to the Company. Powered by Capital Market - Live

The Board of Electrosteel Castings at its meeting held today i.e., on 28 May 2025 noted that Dr. Ajay Kumar (DIN: 01975789), Chairman and Independent Director, has resigned from the Board of Directors of the Company, with effect from 15 May, 2025 on account of his taking charge of the constitutional responsibility of the Chairman, Union Public Service Commission in pursuance to the order of the Hon'ble President of India, as mentioned by him. Powered by Capital Market - Live

The Board of Electrosteel Castings at its meeting held today i.e., on 28 May 2025 have approved the proposal to make investment by way of purchase and acquisition of 30,00,000 shares of Euro 1 each representing 100% shareholding of T.I.S Services S.p.A based in Italy, held by T.I.S Group S.p.A for an aggregate amount of purchase consideration not exceeding Euro 15 million and accordingly has approved execution of a Share Purchase Agreement (SPA) in connection thereto subject to terms set out in the SPA. Powered by Capital Market - Live

Electrosteel Castings announced that Dr. Ajay Kumar (DIN: 01975789), Chairman and Independent Director, has resigned from the Board of Directors of the Company, with effect from 15 May, 2025 on account of his taking charge of the constitutional responsibility of the Chairman, Union Public Service Commission in pursuance to the order of the Hon'ble President of India, as mentioned by him.Powered by Capital Market - Live

Net profit of Electrosteel Castings declined 25.88% to Rs 168.31 crore in the quarter ended March 2025 as against Rs 227.08 crore during the previous quarter ended March 2024. Sales declined 15.15% to Rs 1700.68 crore in the quarter ended March 2025 as against Rs 2004.26 crore during the previous quarter ended March 2024. For the full year,net profit declined 4.10% to Rs 709.56 crore in the year ended March 2025 as against Rs 739.89 crore during the previous year ended March 2024. Sales declined 2.11% to Rs 7319.97 crore in the year ended March 2025 as against Rs 7478.01 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1700.682004.26 -15 7319.977478.01 -2 OPM %9.3815.53 -14.1515.76 - PBDT163.74294.07 -44 998.171061.83 -6 PBT126.36259.82 -51 856.12937.30 -9 NP168.31227.08 -26 709.56739.89 -4 Powered by Capital Market - Live

Electrosteel Castings announced that the Board of Directors of the Company at its meeting held on 10 May 2025, has recommended a Final Dividend of Rs.1.40 per share (i.e.140%), subject to the approval of the shareholders.Powered by Capital Market - Live

Electrosteel Castings will hold a meeting of the Board of Directors of the Company on 10 May 2025.Powered by Capital Market - Live

Net profit of Electrosteel Castings declined 39.19% to Rs 160.15 crore in the quarter ended December 2024 as against Rs 263.37 crore during the previous quarter ended December 2023. Sales declined 4.96% to Rs 1776.66 crore in the quarter ended December 2024 as against Rs 1869.38 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1776.661869.38 -5 OPM %14.3521.74 - PBDT249.48376.08 -34 PBT212.75346.49 -39 NP160.15263.37 -39 Powered by Capital Market - Live

Electrosteel Castings will hold a meeting of the Board of Directors of the Company on 31 January 2025.Powered by Capital Market - Live

Rolex Rings Ltd, IFCI Ltd, Aarti Industries Ltd and SignatureGlobal India Ltd are among the other losers in the BSE's 'A' group today, 08 November 2024.Electrosteel Castings Ltd lost 8.58% to Rs 152.85 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.05 lakh shares were traded on the counter so far as against the average daily volumes of 1.51 lakh shares in the past one month.Rolex Rings Ltd crashed 7.99% to Rs 2043.8. The stock was the second biggest loser in 'A' group.On the BSE, 4727 shares were traded on the counter so far as against the average daily volumes of 920 shares in the past one month.IFCI Ltd tumbled 7.67% to Rs 61.76. The stock was the third biggest loser in 'A' group.On the BSE, 16.73 lakh shares were traded on the counter so far as against the average daily volumes of 9.66 lakh shares in the past one month.Aarti Industries Ltd dropped 7.44% to Rs 476.75. The stock was the fourth biggest loser in 'A' group.On the BSE, 5.64 lakh shares were traded on the counter so far as against the average daily volumes of 93594 shares in the past one month.SignatureGlobal India Ltd fell 7.14% to Rs 1283.65. The stock was the fifth biggest loser in 'A' group.On the BSE, 44688 shares were traded on the counter so far as against the average daily volumes of 17917 shares in the past one month.Powered by Capital Market - Live