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Rajratan Global Wire slipped 4.64% to Rs 470 after the company's consolidated net profit tumbled 52.64% to Rs 9.32 crore on 6.16% decline in revenue from operations to Rs 218.36 crore in Q3 FY25 over Q3 FY24.

Rajratan Global hits 52-week low after Q3 PAT drops 53% YoY

23-Jan-2025, 02:39

Profit before tax (PBT) stood at Rs 12.35 crore in the third quarter of FY25, down 49.55% on a YoY basis.

During the quarter, EBITDA stood at Rs 26.25 crore, down 23.31% from Rs 34.23 crore in Q3 FY24.

EBITDA margin reduced to 12% in the December 2024 quarter as against 15% in Q3 FY24.

Rajratan Global Wire is a tyre ancillary, manufacturing bead wire, a critical component used in the manufacture of tyres.

The counter hit a 52-week low of 465 in today's intraday session.