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Rajratan Global Wire Ltd Q2FY24; 17% 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 Q2FY24 of ₹214.00 Crores down from ₹225.00 Crore year on year, a fall of 4.89%.

Total Expenses for Q2FY24 of ₹189.00 Crores down from ₹195.00 Crores year on year, a fall of 3.08%.

Consolidated Net Profit of ₹19.00 Crores down 17.39% from ₹23.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.84, down 16.34% from ₹4.59 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.

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