Rajratan Global Wire Ltd's Q3FY25 Quarter Results
- 24 Jan 2025
Result Summary
- Rajratan Global Wire Ltd reported a 10.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 5.9%.
- Its expenses for the quarter were down by 6.5% QoQ and 0.8% YoY.
- The net profit decreased 51.1% QoQ and decreased 52.6% YoY.
- The earnings per share (EPS) of Rajratan Global Wire Ltd stood at 1.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 218.77 | 245.48 | 232.61 | -10.9% | -5.9% |
Total Expenses | 206.42 | 220.84 | 208.13 | -6.5% | -0.8% |
Profit Before Tax | 12.35 | 24.64 | 24.48 | -49.9% | -49.6% |
Tax | 3.03 | 5.59 | 4.80 | -45.8% | -36.9% |
Profit After Tax | 9.32 | 19.05 | 19.68 | -51.1% | -52.6% |
Earnings Per Share | 1.80 | 3.80 | 3.90 | -52.6% | -53.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Rajratan Global Wire Ltd is a company that primarily operates in the manufacturing sector, specializing in the production of bead wire used in tires. The company is positioned within the automotive supply chain industry, providing essential components to tire manufacturers. Rajratan Global Wire Ltd has established itself as a significant player in its niche market, although specific recent developments in the company are not available from the provided data.
Revenue
During Q3FY25, Rajratan Global Wire Ltd reported a total income of ₹218.77 crores. This represents a decrease of 10.9% from the previous quarter (Q2FY25), where the total income was ₹245.48 crores. On a year-over-year basis, the total income experienced a 5.9% decline from ₹232.61 crores in Q3FY24. These figures indicate a downward trend in revenue both quarterly and annually, reflecting changes in the company's financial inflows over these periods. The data indicates fluctuations in revenue generation, reflecting variations in sales or other income streams.
Profitability
The profitability metrics of Rajratan Global Wire Ltd for Q3FY25 indicate a profit before tax of ₹12.35 crores, a significant decrease from ₹24.64 crores in the previous quarter (Q2FY25) and ₹24.48 crores in Q3FY24. The quarter-over-quarter change is a decline of 49.9%, while the year-over-year change is a decrease of 49.6%. The profit after tax for Q3FY25 is reported at ₹9.32 crores, down from ₹19.05 crores in Q2FY25 and ₹19.68 crores in Q3FY24, marking a quarterly decline of 51.1% and an annual decline of 52.6%. The earnings per share for Q3FY25 stand at ₹1.80, compared to ₹3.80 in Q2FY25 and ₹3.90 in Q3FY24, showing a quarterly decrease of 52.6% and an annual decrease of 53.8%. These figures highlight a consistent reduction in profitability measures across the board.
Operating Metrics
The total expenses for Rajratan Global Wire Ltd in Q3FY25 were ₹206.42 crores, which is a 6.5% decrease from the expenses of ₹220.84 crores in Q2FY25, and a slight decrease of 0.8% from ₹208.13 crores in Q3FY24. The tax expense for Q3FY25 was ₹3.03 crores, down from ₹5.59 crores in Q2FY25 and ₹4.80 crores in Q3FY24, reflecting a quarterly reduction of 45.8% and an annual reduction of 36.9%. These operating metrics show a decline in expenses and tax liabilities, aligning with the overall reduction in income and profitability. The changes in these operating metrics play a crucial role in shaping the company's financial outcomes for the quarter.
