Earning Release on audited Financial Results for the Quarter and Financial Year ended March 31, 2025
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Awaiting price reaction for this filing.
Rathi Steel & Power reported strong Q4 FY25 results with total revenue of Rs. 149.7 crore, up about 26% from Rs. 118.5 crore in Q4 FY24. Q4 EBITDA nearly doubled YoY to Rs. 8.06 crore (vs Rs. 4.12 crore), and Q4 PAT jumped to Rs. 3.8 crore from just Rs. 0.27 crore a year ago. For the full year FY25, revenue was largely flat at Rs. 505.4 crore vs Rs. 496.3 crore, but PAT grew sharply to Rs. 9.24 crore from Rs. 3.7 crore, aided by cost optimization and better product mix. The company recommenced its TMT Rolling Mill in March-April 2025, received BIS licenses for SS 550 and SS 500 rebars, and is targeting ~20% revenue CAGR over the next two years.
The sharp jump in profitability and the restart of the TMT bar unit point to improving earnings momentum, which is positive for shareholders. However, full-year revenue was almost flat, so the stock reaction will depend on whether the Q4 strength and new product launches sustain into FY26.