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Sarthak Metals Ltd Q1FY24; Expense Decreased By 40% Year on Year

Sarthak Metals Ltd (earlier known as Sarthak Metals Marketing Private Limited) was incorporated in 1995 and is a part of the DB group. The co. is engaged in the manufacturing of Cored wires, Aluminum wire rods and Wire feeder machines which have wide application in various steel-making processes like Steel plants, Fabrication units and foundries.

Financial Results:

  • Sarthak Metals Ltd reported Revenues for Q1FY24 of ₹81.80 Crores down from ₹133.72 Crore year on year, a fall of 38.83%.
  • Total Expenses for Q1FY24 of ₹74.78 Crores down from ₹123.74 Crores year on year, a fall of 39.57%.
  • Consolidated Net Profit of ₹5.35 Crores down 37.65% from ₹8.58 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹3.91, down 37.64% from ₹6.27 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: Metals
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