Rathi Industries Triumphs with Rs 1.25 Crore Net Profit in June 2024 Quarter – A Remarkable Milestone | Capital Market News
Rathi Industries Reports Turnaround in Q1 FY24 with Net Profit of Rs 1.25 Crore
Last Updated: Aug 24, 2024 | 3:16 PM IST
Rathi Industries has marked a significant turnaround in its financial performance for the quarter ended June 2024, reporting a net profit of Rs 1.25 crore. This positive outcome comes after the company experienced a substantial net loss of Rs 27.49 crore in the same quarter of the previous year.
The company’s sales showed a modest increase of 0.77%, reaching Rs 131.00 crore compared to Rs 130.00 crore in the corresponding period last year.
Key financial highlights for the quarter ended June 2024 include:
- Sales: Rs 131.00 crore, up by 0.77% from Rs 130.00 crore in June 2023.
- Operating Profit Margin (OPM): 1.15%, a significant improvement from the negative 1.28%.
- Profit Before Depreciation and Tax (PBDT): Rs 1.50 crore, marking a notable recovery from a loss of Rs 1.67 crore.
- Profit Before Tax (PBT): Rs 1.50 crore, up from a loss of Rs 1.67 crore.
This report is powered by Capital Market – Live News.
Disclaimer: No Business Standard Journalist was involved in the creation of this content. First Published: Aug 24, 2024 | 3:01 PM IST
Original Story https://www.business-standard.com/markets/capital-market-news/rathi-industries-reports-standalone-net-profit-of-rs-1-25-crore-in-the-june-2024-quarter-124082400501_1.html
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