Sarthak Metals Ltd Reports 73.83% Drop in Q1FY25 Net Profit Amid 50.35% Revenue Decline.

Sarthak Metals Ltd, established in 1995, specializes in the manufacturing and sale of cored wires, ferro alloys, aluminum wire, and related products. In the first quarter of FY25, the company reported revenues of ₹40.61 crores, marking a significant year-on-year decline of 50.35% compared to ₹81.80 crores in the same quarter of the previous year.

The total expenses for the quarter stood at ₹39.64 crores, a decrease of 46.99% from ₹74.78 crores year-on-year. Despite the reduction in expenses, the company’s consolidated net profit plummeted by 73.83%, falling from ₹5.35 crores to ₹1.40 crores. Consequently, the Earnings per Share (EPS) dropped to ₹1.02, down 73.91% from ₹3.91 in the corresponding quarter of the previous year.