Rajratan Global shares dip 5% after weak Q3 results

Rajratan Global Wire shares fell 5% following the release of its Q3 FY24 earnings, which revealed a significant decline in profitability.

  • Net Profit: ₹9.3 crore, down 53% YoY (₹19.7 crore in Q3 FY23).
  • Revenue: ₹218.4 crore, down 6% YoY (₹233 crore in Q3 FY23).
  • EBITDA: ₹26.4 crore, down 23% YoY (₹34.3 crore in Q3 FY23).
  • Margins: 12.1% compared to 15% in the same period last year.

Advertisement

Rajratan Global Wire shares opened at ₹487.90, reached a high of ₹490.45, and dipped to a low of ₹463.95 during the session. The stock is nearing its 52-week low of ₹454.80, while its 52-week high stands at ₹739.55.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.