Rajratan sees strong sales growth in Q4, but profit barely moves as margins take a hit

Nasdaq posts longest winning streak since 2021 on hopes of US-Iran talks, softer wholesale inflation


Rajratan Global Wire Ltd reported a muted bottom-line performance in the fourth quarter of FY26, even as revenue saw a healthy uptick.

The company’s net profit grew marginally by 1.51% year-on-year (YoY) to ₹15.43 crore in Q4 FY26, compared to ₹15 crore in the corresponding quarter last year.

Revenue, however, rose sharply by 25% YoY to ₹314.3 crore from ₹251.4 crore in Q4 FY25, driven by stronger operational performance.

At the operating level, EBITDA declined 14.2% YoY to ₹28.6 crore from ₹33.33 crore a year ago. EBITDA margin contracted to 9.1% in Q4 FY26 from 13.3% in Q4 FY25, indicating pressure on profitability.
The company’s total expenses surged in line with revenue growth, weighing on margins during the quarter.

Cost of materials consumed stood at ₹189.99 crore, up significantly from ₹158.75 crore in Q4 FY25. Employee benefit expenses increased to ₹14.38 crore from ₹11.37 crore YoY. Finance costs rose to ₹6.13 crore compared to ₹7.48 crore in the year-ago period. Depreciation and amortisation expenses climbed to ₹7.50 crore from ₹6.35 crore. Other expenses jumped to ₹69.08 crore from ₹47.96 crore YoY.

Overall, total expenses came in at ₹299.32 crore in Q4 FY26, compared to ₹231.92 crore in the same period last year.

On a consolidated basis, profit before tax stood at ₹17.73 crore in Q4 FY26, down from ₹20.06 crore a year ago. Net profit for the quarter came in at ₹15.43 crore versus ₹15.20 crore in Q4 FY25.

For the full year ended March 31, 2026, the company reported consolidated revenue of ₹1,162.27 crore, up from ₹936.93 crore in FY25. Annual net profit rose to ₹70.11 crore from ₹58.80 crore in the previous fiscal.

Shares of Rajratan Global Wire surged 1.2% today to ₹441 on the NSE.



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