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517522 Rajratan Global Wire News Story

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India's Rajratan Global Wire slips after Q4 margins shrink on cost pressure

** Shares of India's Rajratan Global Wire RAJR.NS fall as much as 8.5%, last down 4.21% to 420.45 rupees

** Auto components maker reported Q4 consolidated revenue of 3.14 billion rupees ($33.46 million), up 25% y/y on strong volume growth; consolidated profit up ~1.5%

** Consol EBITDA drops 14% y/y, with margin falling to 9.1% from 13.3% last year

** Co says higher raw material and energy costs hurt margins, as price increases were passed on with a delay

** RAJR rated "buy" on average by four analysts, median PT: 568.50 - data compiled by LSEG

** YTD, RAJR stock down ~9.5%

($1 = 93.8425 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

((Bipasha.Dey@thomsonreuters.com;))

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