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Latest news about Rajratan Global Wire

Rajratan Global Wire Reports 20% Revenue Growth with Record Production Volume 1 day ago

Rajratan Global Wire Limited achieved 20% revenue growth in Q2 FY26, with EBITDA close to Rs. 40 crores and record production exceeding 32,000 tons. The company's Chennai plant is gaining approvals and contributing to increased production. Export growth is strong, with current exports outside India and Thailand at 2,200-2,300 tons monthly. Expansion plans include increasing Chennai plant capacity to 60,000 tons and establishing a new 10,000-ton wire rope facility in Pithampur. The company targets 180,000-200,000 tons production and Rs. 2,000 crores topline in three years. Export targets for next year are set at 35,000 to 40,000 tons, focusing on Southeast Asia, Europe, and North America. Despite competitive pressures, the company expects EBITDA margins of 13-15%.

Rajratan Global Wire Secures Rs 3.27 Crore Investment Promotion Assistance from Madhya Pradesh Government 7 days ago

Rajratan Global Wire Targets 15% Volume Growth in FY26, Chennai Plant Turns Profitable 9 days ago

Rajratan Global Wire Reports Q2 Performance, Approves Solar Investment and MOA Amendments 9 days ago

Rajratan Global Wire Shareholders Approve Key Appointments and Auditor Selection Aug 16, 2025

More news about Rajratan Global Wire

22Jul 25

Rajratan Global Wire Reports 12% Revenue Growth to Rs 246.51 Crores in Q1

Rajratan Global Wire Limited reported a 12% year-on-year revenue growth to Rs 246.51 crores in Q1, driven by an 8% increase in sales volume. However, profitability was challenged with EBITDA margin declining to 12.55% and PAT decreasing by 11% to Rs 13.52 crores. The company faced increased competition, particularly in Thailand, and capacity additions in India exceeding market growth. Strategies to improve performance include maximizing capacity utilization, protecting market share, and focusing on value-added sales. The company is also emphasizing sustainability initiatives and expects improved performance in coming quarters.

21Jul 25

Rajratan Global Wire Targets 50%+ Utilization at Chennai Plant, Eyes Q3 Break-Even

Rajratan Global Wire aims for over 50% utilization and break-even by Q3 at its new Chennai plant. Q1 saw 12% revenue growth to Rs. 246.51 crore, but an 11% decrease in PAT to Rs. 13.52 crore. The company is focusing on exports, high-margin segments, and operational efficiency to counter market challenges. Thailand operations achieved 80% capacity utilization. Future plans include leveraging the 8% PLI scheme for the Chennai plant and expanding exports to the US and Europe.

21Jul 25

Rajratan Global Wire Limited Announces Major Board Reshuffle with New Independent Director Appointments

Rajratan Global Wire Limited has approved significant changes to its Board of Directors. Mrs. Alka Arora Misra has been re-appointed as an Independent Director for a second five-year term. Mr. Sandeep Mahajan has been appointed as a new Independent Director for a three-year term. Mr. Rajesh Mittal will retire as Independent Director. The company also approved Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2025.

21Jul 25

Rajratan Global Wire Reports Q1 Revenue Growth Amid Profit Decline

Rajratan Global Wire Limited's Q1 financial results show a 9.1% year-over-year revenue increase to ₹2,400.00 million. EBITDA rose slightly to ₹309.00 million, but the EBITDA margin decreased to 12.88%. Net profit declined by 11.18% to ₹135.00 million. The company's board reviewed and approved the results, with auditors Fadnis & Gupte LLP conducting a limited review.

23Apr 25

Rajratan Global Wire Soars 54% in Four Days on Strong Q4 Results and Optimistic Outlook

Rajratan Global Wire Ltd's shares have surged 54% in four trading sessions following impressive Q4FY24 results. The company reported a 63.30% quarter-on-quarter increase in consolidated net profit, reaching ₹15.00 crore. Management anticipates higher sales volumes and improved margins for FY26, driven by increased capacity utilization at the Chennai plant and stronger export activity from India. A conference call was held to discuss Q4 and H2 FY25 results, with the audio recording available on the company's website.

22Apr 25

Rajratan Global Wire Reports Mixed Q4 Results, Recommends Final Dividend

Rajratan Global Wire Limited reported a 4.17% increase in Q4 FY2023 revenue to ₹2.50 billion, but saw a 24.75% year-over-year decline in net profit to ₹152 million. The company's Board recommended a final dividend of ₹2.00 per equity share and approved a ₹50 crore capacity expansion plan, aiming to enhance black wire production and introduce a new product line.

21Apr 25

Rajratan Global Wire Reports Mixed Q4 FY2023 Results, Plans Capacity Expansion

Rajratan Global Wire Limited reported Q4 FY2023 results with revenue up to ₹2.50 billion but net profit down to ₹152.00 million. The company announced plans to expand black wire production capacity by 12,000 TPA with a ₹500.00 million investment. A final dividend of ₹2.00 per share was recommended. Mr. Sanjeev Sood was re-appointed as an Independent Director for a five-year term.

24Mar 25

Rajratan Global Wire Shares Surge 5% on Investor Meet Announcement Amid Q3 Challenges

Rajratan Global Wire Limited's stock increased by nearly 5% following the announcement of its participation in the Bharat Connect Conference on March 27, 2025. This comes despite a challenging Q3 FY2025, where net profit dropped by 50% and revenue decreased by 6% year-on-year. The stock remains over 50% below its 52-week high. The company will engage in virtual group meetings with analysts and investors, adhering to regulatory compliance by not sharing unpublished price-sensitive information.