Rajratan Global Wire Shares Rise 3% On Strong Q3 Profit

Rajratan Global Wire Ltd, a leading manufacturer of bead wire for the tyre industry, announced robust financial results for the December quarter. The company’s consolidated net profit more than doubled to Rs 2.07 billion compared to Rs 931 million in the same period last year. Revenue also rose significantly, reflecting strong demand and operational improvements. The upbeat earnings report lifted investor sentiment, with shares climbing 3% in trading.  

Key highlights

• Consolidated net profit surged 122% year-on-year to Rs 2.07 billion.  
• Revenue rose to Rs 30.20 billion, up from Rs 21.87 billion last year.  
• Standalone net profit stood at Rs 1.33 billion on revenue of Rs 18.58 billion.  
• Company continues expansion at its Greenfield Project in Pithampur, including a wire rope plant under development.  
• Operational efficiency and cost management contributed to improved profitability.  

The strong quarterly performance underscores Rajratan Global Wire’s resilience and growth trajectory in the automotive supply chain sector. With expansion projects underway and rising demand for bead wire, the company is well-positioned to sustain momentum and deliver long-term shareholder value.  

Sources: ScanX News, FilingReader