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Sarthak Metals Ltd Q2FY24; 30% fall in Profits

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 Q2FY24 of ₹77.42 Crores down from ₹101.32 Crore year on year, a fall of 23.59%.

Total Expenses for Q2FY24 of ₹70.76 Crores down from ₹90.66 Crores year on year, a fall of 21.95%.

Consolidated Net Profit of ₹5.51 Crores down 29.81% from ₹7.85 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.02, down 29.84% from ₹5.73 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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