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Rajratan Global Wire Ltd’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Key Metrics and Growth Analysis

April 25, 2024April 25, 2024| adminadmin| 0 Comments| 6:45 am
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 9.18% in the past year Substantial increase in net sales/revenue by 2.96%.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 19.05%Marginal increase in other income during this quarter, up by 1350%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Rajratan Global Wire Ltd. Profit dropped by -0.15% Year to YearRajratan Global Wire Ltd’s profitability increased by 2.85% in this quarter.
  • EPS over the Year and quarter: EPS increased by 0.00% Year to Year.EPS increased by 2.84%. Positive impact on shareholders.
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The comprehensive analytics outlining the performance and outlook of Rajratan Global Wire Ltd”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 219.43 Cr Rs. 232.69 Cr Rs. 239.57 Cr + 2.96% + 9.18%
Expenses Rs. 185.63 Cr Rs. 198.46 Cr Rs. 205.17 Cr + 3.38% + 10.53%
Operating Profit Rs. 33.8 Cr Rs. 34.23 Cr Rs. 34.4 Cr + 0.5% + 1.78%
OPM % 15.4 % 14.71 % 14.36 % -0.35% -1.04%
Other Income Rs. 0.84 Cr Rs. -0.08 Cr Rs. 1 Cr + 1350% + 19.05%
Interest Rs. 3.98 Cr Rs. 5.03 Cr Rs. 4.43 Cr -11.93% + 11.31%
Depreciation Rs. 4.86 Cr Rs. 4.64 Cr Rs. 4.55 Cr -1.94% -6.38%
Profit before tax Rs. 25.8 Cr Rs. 24.48 Cr Rs. 26.42 Cr + 7.92% + 2.4%
Tax % 21.43 % 19.61 % 23.39 % + 3.78% + 1.96%
Net Profit Rs. 20.27 Cr Rs. 19.68 Cr Rs. 20.24 Cr + 2.85% -0.15%
EPS in Rs Rs. 3.99 Rs. 3.88 Rs. 3.99 + 2.84% + 0%


Today, we’re looking at Rajratan Global Wire Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 9.18%. However, it did see a marginal increase of 2.96% from the previous quarter.Expenses ticked up slightly by 3.38% quarter-on-quarter, aligning with the annual rise of 10.53%. Operating profit, while up 1.78% compared to last year, faced a quarter-on-quarter increase of 0.5%, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.04%, but a shrinkage of -0.35% sequentially. Other income rose by 1350% compared to the last quarter,despite an annual growth of 19.05%. Interest expenses dropped significantly by -11.93% from the previous quarter, yet the year-over-year increase remains at a moderate 11.31%. Depreciation costs fell by -1.94% quarter-on-quarter, yet on an annual scale, they experienced a reduction of -6.38%. Profit before tax grew annually by 2.4% but saw an increase from the preceding quarter by 7.92%.
Tax expenses as a percentage of profits increased slightly by 1.96% compared to last year, with a more notable quarter-on-quarter increase of 3.78%. Net profit fell by -0.15% year-on-yearbut experienced a 2.85% expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 0% but a quarterly rise of 2.84%. In summary, Rajratan Global Wire Ltd’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 219.43 Cr Rs. 232.69 Cr Rs. 239.57 Cr + 2.96% + 9.18%
Expenses Rs. 185.63 Cr Rs. 198.46 Cr Rs. 205.17 Cr + 3.38% + 10.53%
Operating Profit Rs. 33.8 Cr Rs. 34.23 Cr Rs. 34.4 Cr + 0.5% + 1.78%
Net Profit Rs. 20.27 Cr Rs. 19.68 Cr Rs. 20.24 Cr + 2.85% -0.15%
EPS in Rs Rs. 3.99 Rs. 3.88 Rs. 3.99 + 2.84% + 0%


In reviewing Rajratan Global Wire Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.62% year-on-year growth, however, there was a minor increase of 2.96% from the previous quarter. Expenses rose by 10.53% compared to the previous year, with a 3.38% increase quarter-on-quarter. Operating Profit surged by 1.78% annually, and saw a 0.5% increase from the last quarter.
Net Profit showed yearly decrease of -0.15%, and experienced a 2.85% increase from the previous quarter. Earnings Per Share (EPS) rose by 0% annually, however rose by 2.84% compared to the last quarter. In essence, while Rajratan Global Wire Ltd exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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