Ram Ratna Wires Reports Positive Financial Results for Q1 FY25

Ram Ratna Wires, a smallcap company in the non-ferrous metal industry, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financials, Ram Ratna Wires has shown positive performance in the quarter, with a score of 7 out of 14, which is an improvement from the previous quarter. The company’s Profit After Tax (PAT) for the half-yearly period has grown by 28.47% year on year, indicating a positive trend in the near term. The Net Sales for the quarter have also been the highest in the last five quarters, showing a positive sales trend in the near term.

The company’s Profit Before Tax less Other Income (PBT) for the quarter has grown by 28.5% over the average PBT of the previous four quarters. This indicates a positive trend in the near term for PBT. Additionally, Ram Ratna Wires has also shown improvement in its short-term liquidity, with the highest Cash and Cash Equivalents in the last six half-yearly periods.

Moreover, the company has been able to reduce its borrowing as compared to its equity capital, with the Debt-Equity Ratio being the lowest in the last five half-yearly periods. This shows a positive trend in the company’s financial management. Furthermore, Ram Ratna Wires has also been able to settle its Debtors faster, with the highest Debtors Turnover Ratio in the last five half-yearly periods.

Overall, Ram Ratna Wires has shown positive financial performance in the quarter ending March 2024, with improvements in various key areas. This indicates a promising future for the company in the non-ferrous metal industry.