Ratnamani Metals Q1: Profit increased by 20% although income declined, stock fell

News Topical, Digital Desk : Ratnamani Metals, an iron and steel products company included in the BSE 500 index, has released its quarterly results. The company's profit has increased by about 20 percent on a year-on-year basis. At the same time, the income has come down by about 3 percent on a year-on-year basis. The company's EBITDA has increased by 15 percent. At the same time, there has been an improvement in the margin. After the results, the company's stock has registered sharp fluctuations. Along with the results, the stock first made the highest level of the day and then also made a new lowest level of the day.

How were the quarterly results?

The company's profit increased by 19.8% to Rs 127 crore compared to last year, which was Rs 106 crore in the same quarter last year. However, the company's income fell by 2.7% to Rs 1,151.6 crore, which was Rs 1,183.7 crore a year ago. EBITDA increased by 14.7% year-on-year to Rs 188.2 crore, while EBITDA was Rs 164 crore a year ago. EBITDA margin also improved to 16.3%, which was 13.9% in the same period last year. How was the stock performance? The stock witnessed fluctuations during Friday's trading. Movement in the stock was recorded after the results. After the results, the stock reached the highest level of the day at 2697. However, the stock could not maintain the gains and the stock fell to the level of 2594. That is, the stock has fallen by about 4 percent from the upper levels. 

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