X

Rajratan Global Wire Ltd Q1FY24; 66% fall in Profits

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.

Financial Results:

Rajratan Global Wire Ltd reported Revenues for Q1FY24 of ₹204.00 Crores down from ₹251.00 Crore year on year, a fall of 18.73%.

Total Expenses for Q1FY24 of ₹188.00 Crores down from ₹207.00 Crores year on year, a fall of 9.18%.

Consolidated Net Profit of ₹12.00 Crores down 65.71% from ₹35.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.45, down 63.97% from ₹6.80 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Wires
Related Post