Rajratan Global Wire , a key player in the Indian manufacturing sector, has released its Q2 financial results, showcasing a mixed performance with notable revenue growth and profitability improvements, albeit with some pressure on margins.

Financial Highlights

Revenue and Profit Growth

Rajratan Global Wire demonstrated robust top-line growth in the second quarter. The company's revenue increased significantly to ₹2.90 billion, up from ₹2.40 billion in the same period last year, marking a substantial 20.83% year-over-year growth.

The company's bottom line also showed improvement, with consolidated net profit rising to ₹205.00 million compared to ₹190.00 million in the corresponding quarter of the previous year. This represents a 7.89% increase in net profit, indicating the company's ability to translate revenue growth into improved profitability.

EBITDA Performance and Margin Pressure

While Rajratan Global Wire's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw an increase to ₹400.00 million from ₹379.00 million year-over-year, the EBITDA margin experienced a decline. The EBITDA margin dropped to 13.60% from 15.44% in the previous year, suggesting some pressure on operational efficiency.

The decline in EBITDA margin by 1.84 percentage points indicates that the company faced challenges in maintaining its profit margins, possibly due to increased operational costs or competitive pricing pressures in the market.

Conclusion

Rajratan Global Wire's Q2 results paint a picture of a company experiencing strong revenue growth while navigating challenges in maintaining profit margins. The significant increase in revenue demonstrates the company's ability to expand its market presence or increase sales volume. However, the pressure on EBITDA margins suggests that the company may need to focus on cost management and operational efficiency to fully capitalize on its revenue growth in future quarters.

Investors and market watchers will likely keep a close eye on how Rajratan Global Wire addresses the margin pressure while continuing to drive top-line growth in the coming quarters.

Rajratan Global Wire Limited , a leading manufacturer in the wire industry, recently held its 37th Annual General Meeting (AGM), where shareholders approved several important appointments and decisions. The meeting, which lasted 16 minutes, saw the approval of key director appointments and the selection of a new secretarial auditor.

Director Appointments

The shareholders approved the re-appointment of two Independent Directors and the appointment of a new one:

1. Mrs. Alka Arora Misra: Re-appointed as an Independent Director, Mrs. Misra brings over 35 years of experience from the Indian Railways. She is a former senior bureaucrat specializing in infrastructure, logistics, and human resource development. Mrs. Misra also serves as the founding Vice Chancellor of the National Rail and Transport University in Vadodara.

2. Mr. Sanjeev Sood: Re-appointed as an Independent Director, Mr. Sood has more than four decades of experience in manufacturing and P&L roles. He currently leads Aditya Birla Group operations in Thailand and serves on the boards of several companies in the region.

3. Mr. Sandeep Mahajan: Newly appointed as an Independent Director, Mr. Mahajan is the Chairman of Assurance International Ltd. He brings over 30 years of leadership experience across global consumer brands, including previous roles as Chairman & Managing Director of Goodyear India Ltd.

Secretarial Auditor Appointment

Shareholders approved the selection of Mr. Palash Jain & Co., Practicing Company Secretaries, as the company's Secretarial Auditors. The firm will serve for a five-year term from FY 2025-2026 to FY 2029-2030.

Voting Results

The company reported strong shareholder participation in the voting process:

Other AGM Business

The AGM also saw the approval of other standard items of business, including:

• Adoption of the audited financial statements
• Declaration of a dividend of Rs. 2 per equity share
• Re-appointment of Mr. Abhishek Dalmia as a director
• Ratification of Cost Auditors' remuneration

The meeting was conducted through video conferencing, with the company's registered office deemed as the venue. The scrutinizer's report confirmed the voting results.

These appointments and decisions reflect Rajratan Global Wire's commitment to strong corporate governance and its efforts to bring diverse expertise to its board. The high approval rates for all resolutions indicate strong shareholder confidence in the company's direction and leadership.