Ram Ratna Wires Q4 Results Live : profit rise by 16.85% YOY

Ram Ratna Wires Q4 Results Live : Ram Ratna Wires announced their Q4 results on 14 May, 2024, showing a strong performance. The company's revenue increased by 10.9% year-over-year, indicating solid growth in their top line.

The profit also saw a significant rise, growing by 16.85% compared to the same quarter last year. This growth in profitability reflects the company's efficient cost management and operational performance.

In comparison to the previous quarter, Ram Ratna Wires witnessed a 15.03% increase in revenue and a substantial 52.66% growth in profit, showcasing a strong sequential performance.

The Selling, general & administrative expenses of the company rose by 3.86% quarter-on-quarter and increased by 20.71% year-on-year, indicating potential areas for cost optimization in the future.

Furthermore, the operating income showed a notable increase of 50.56% quarter-on-quarter and a solid 14.04% growth year-on-year, demonstrating improved operational efficiency.

The Earnings Per Share (EPS) for Q4 stood at ₹4, marking a 3.53% increase year-on-year, which is a positive indicator for the company's shareholders.

Investors have also benefited from Ram Ratna Wires' strong stock performance, with a 5.11% return in the last week, 44.16% return in the last 6 months, and a 29.98% year-to-date return.

Currently, the company has a market capitalization of ₹1693.78 Cr and a 52-week high/low stock price of ₹411.45 and ₹191.45 respectively, showcasing investor confidence in the company's growth potential.