Ram Ratna Wires Expands Vadodara Capacity and Plans Mini Wind Turbine Production via European Technology Partnership
Ram Ratna Wires has announced expansion of its Vadodara facility capacity alongside plans to begin mini wind turbine production. The renewable energy venture will be supported by a technology agreement with European partners, marking the company's strategic diversification into sustainable energy manufacturing while enhancing its existing production capabilities.
Ram Ratna Wires, a leading wire and cable industry player, reported strong Q4 financial results. Revenue increased by 20% year-over-year to ₹960.00 crore. EBITDA grew by 23.37% to ₹45.40 crore, with the EBITDA margin improving from 4.60% to 4.74%. However, consolidated net profit slightly declined to ₹18.00 crore from ₹19.95 crore in the previous year. The company's performance demonstrates resilience and operational efficiency in a competitive market.
RAM RATNA WIRES reported Q4 consolidated net profit of ₹158.00 million, down from ₹176.00 million year-over-year. Revenue surged 20% to ₹9.60 billion. EBITDA increased to ₹454.00 million with margin improvement to 4.74%. The company recommended a dividend of ₹2.50 per equity share.