India's Rajratan Global falls about 5% on Q4 profit slump

Rajratan Global Wire

21/04/2023 09:45

** Shares of Rajratan Global Wire Ltd  RAJR.NS  fall as much
as 4.87% to 839 rupees
    ** The tyre bead wire maker reports 45% YoY fall in
consolidated net profit in Q4 at 202.7 mln rupees 
    ** Core profit fell to 338 mln rupees from 486.2 mln rupees,
while core profit margins contracted to 15.43% from 19.60% in
the corresponding quarter a year ago
    ** Trading volume is 435,911 shares as of 2:03 p.m. IST,
nearly six times the 30-day avg of 75,737 shares - Refinitiv
data




 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))