Stock Report

Ram Ratna Wires Ltd Q1 FY2023-24 consolidated net profit lower at Rs. 9.39 crores

Posted On : 2023-08-09 23:07:57( TIMEZONE : IST )

RAM RATNA WIRES LTD. has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 726.7345 crores during the period ended June 30, 2023 as compared to Rs. 727.8030 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 9.3918 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 15.0631 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 2.13 for the period ended June 30, 2023 as compared to Rs. 3.42 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 726.7345 crs	₹727.8030 crs	-0.15%
Net Profit	₹9.3918 crs	₹15.0631 crs	-37.65%
EPS	₹2.13	₹3.42	-37.72%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 726.7345 crores during the period ended June 30, 2023 as compared to Rs.694.1317 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.9.3918 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.9.9419 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.2.13 for the period ended June 30, 2023 as compared to Rs.2.26 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 726.7345 crs	₹694.1317 crs	4.70%
Net Profit	₹9.3918 crs	₹9.9419 crs	-5.53%
EPS	₹2.13	₹2.26	-5.75%

Shares of RAM RATNA WIRES LTD. was last trading in BSE at Rs. 312.05 as compared to the previous close of Rs. 310.90. The total number of shares traded during the day was 2167 in over 150 trades.

The stock hit an intraday high of Rs. 316.40 and intraday low of 310.70. The net turnover during the day was Rs. 677695.00.