Q3 Results: This company's profit increased by 74%, revenue increased by 44%, the effect will be visible in the stock.

News Topical, Digital Desk : Ram Ratna Wires, an electrical equipment company listed on the BSE Industrial Index, has released its quarterly results. The company's profits increased sharply by 74%, while revenue increased 44% year-over-year. EBITDA increased 85% compared to the previous year, and margins also improved compared to the previous year. The company's results were announced Friday evening. The stock closed Friday's session with gains.

How were the results

The company's net profit increased 74% year-on-year from ₹18 crore to ₹31.3 crore. Revenue also recorded a strong 43.8% increase, from ₹888.6 crore to ₹1,277.9 crore. EBITDA increased 85.1% from ₹38.9 crore to ₹72 crore. Margins also improved during the quarter to 5.6% compared to 4.4% last year.
According to the company, the strong performance was primarily driven by increased demand for copper tubes due to growing demand from the HVAC industry. This segment's contribution to the company's total revenue increased from 17% last year to 27% in the current quarter, improving profitability and supporting its strategy to expand domestic production capacity and reduce import dependence. The

stock
closed at 297, up 0.4% on Friday's session. The stock had reached a year-low of 228 in March last year. In July, it reached a year-high of 393. Currently, the company's total market cap is ₹2,769 crore.

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