Rathi Steel & Power Reports 22% Revenue Growth in Q1, Resumes TMT Bar Production
Rathi Steel & Power's Q1 FY24 results show significant growth. Total revenue increased 22% to Rs 155.40 crore. PAT rose 42.3% to Rs 2.69 crore. EBITDA remained stable at Rs 6.23 crore. The company restarted TMT bar production, improving rolling mill utilization from 25% to 39%. Rolled products production increased by 58.2% to 19,617 MT. The company aims to rebuild brand equity in B2B and B2C segments and enter the premium TMT bar market.
04Aug 25
Rathi Steel and Power CFO Rajeev Kumar Resigns, Effective August 4, 2025
Rathi Steel & Power Limited (RSPL) announced the resignation of its Chief Financial Officer, Rajeev Kumar, effective August 4, 2025. Kumar is leaving to pursue a new career opportunity. The company disclosed this information in compliance with SEBI regulations, providing details such as Kumar's PAN and the resignation letter. RSPL has not yet announced a successor for the CFO position.
06Apr 25
Rathi Steel & Power Resumes TMT Bar Production at Ghaziabad Factory
Rathi Steel & Power Limited (RSPL) has restarted commercial operations at its TMT Rolling Mill Division in Ghaziabad on April 5, 2025. The company informed BSE Limited about the recommencement through a regulatory filing under SEBI regulations. This development follows a recent increase in promoter stake by PCR Holdings, potentially signaling strategic moves within the company.
24Mar 25
Rathi Steel & Power Shares Surge 13.82% Following Preferential Share Conversion
Rathi Steel & Power Limited (RSPL) stock price increased by 13.82% to ₹34.93 following the conversion of 15,05,265 preferential shares into 13,00,001 equity shares at ₹55 per share. The conversion, approved by the Board of Directors, was executed for PCR Holdings Private Limited, part of the Promoter & Promoter Group. This action resulted in an increase of RSPL's paid-up equity share capital to ₹86.36 crore, comprising 8,63,63,004 shares with a face value of ₹10 each.