Categories Earnings, Industrials
Rajratan Global Wire Ltd Q4FY23 results out, revenue drops by over 12%
Rajratan Global Wire Ltd was established in 1989, it manufactures bead wire, high-carbon steel wire with specialisation in TBW, which is bronze-coated and used in tyres and drawn steel wire (known as black wire), used in automobile, construction and engineering industries.
- Rajratan Global Wire Ltd reported Total revenue for Q4 FY23 of ₹219 Crore, down from ₹248 Crore year on year depicting a decline of 12%.
- Total Expenses for Q4 FY23 of ₹186 Crore down, from ₹200 Crore year on year, a decline of 7%.
- Consolidated Net Profit of ₹20 Crore, down 46% from ₹37 Crore in the same quarter of the previous year.
- The Earnings per Share is ₹3.99, down 45% from ₹7.29 in the same quarter of the previous year.
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