Vraj Iron Share Price: Kya Hua Is Stock Ko? Profit **87%** Gira, Sales Badhi! | Tax Ki Gadbad?

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AuthorRiya Kapoor|Published at:
Vraj Iron Share Price: Kya Hua Is Stock Ko? Profit **87%** Gira, Sales Badhi! | Tax Ki Gadbad?
Overview

Yaar, Vraj Iron Steel ka Q3 FY26 ka result aaya hai aur sabka dimaag garam hai. Company ka profit **87%** seedha neeche gir gaya hai, jabki sales toh **22%** badh gayi thi! Matlab, maal bik raha hai par paisa nahi ban raha.

📉 Numbers Kya Bol Rahe Hain?

Dekho, Vraj Iron & Steel ne Q3 FY26 mein revenue toh 22.16% badha li, ho gayi ₹146.43 Crore. Lekin jeb mein aaya paisa? Bilkul bhi nahi! Profit Before Tax (PBT) 87.97% gir kar sirf ₹12.50 Crore reh gaya. Aur Profit After Tax (PAT) toh 86.83% neeche fisal kar bas ₹9.91 Crore par aa gaya. Socho, revenue double se zyada badhi, par profit itna sa? Consolidated numbers bhi lagbhag same story keh rahe hain. 9 mahine ki baat karein toh bhi PAT 51.47% gir gaya hai.

Margin Ki Band Baj Gayi!

Asal problem margins mein hai. Standalone PBT margin jo pehle 8.61% tha, woh gharke 0.85% ho gaya! Matlab, har ₹100 ki sale par ab sirf 0.85 paise bach rahe hain. Yeh toh bahut badi giravat hai.

Tax Ka Jhol Aur Loan Ka Dar

Sabse shocking baat pata hai kya hai? Company ne standalone Q3 FY26 mein PBT dikhaya ₹12.50 Crore, aur tax expense bata diya ₹26.10 Crore! Agar tax expense hi PBT se zyada ho gaya, toh PAT negative hona chahiye na? Par yahaan toh PAT ₹9.91 Crore positive dikhaya hai. Yeh toh pura mathematical gadbad lag raha hai, management ko iska sach batana padega! Aur toh aur, company ka interest cover ratio bhi mast nahi hai, standalone mein sirf 1.83x aur consolidated mein 1.97x hai. Matlab loan wapas karne mein bhi dikkat aa sakti hai.

Aage Ka Plan Kya Hai?

Ab company ₹70 Crore ka solar plant laga rahi hai, jiske liye 70% paisa loan se utha rahe hain. Jab interest cover ratio pehle hi kam hai, toh aur loan lena risky ho sakta hai. Investors ab dekhenge ki company is situation se kaise bahar nikalti hai, margins kaise sudharti hai aur yeh tax wali gadbad ko kaise theek karti hai.

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