Ratnaveer Precision Engineering Reports Strong Sales Growth Amid Rising Interest Costs

Ratnaveer Precision Engineering, a microcap player in the Steel/Sponge Iron/Pig Iron industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a positive trajectory for the company, with its score reflecting an adjustment in evaluation from the previous period.
In terms of financial performance, the Profit After Tax (PAT) for the half-year stands at Rs 23.59 crore, showcasing a year-on-year growth of 36.83%. This suggests a favorable near-term trend in profitability. Additionally, the company achieved its highest quarterly net sales in the last five quarters, totaling Rs 254.56 crore. This figure represents a growth of 32.3% compared to the average net sales of the previous four quarters, indicating a robust sales performance.

However, not all aspects are favorable. The interest expense for the nine-month period has risen to Rs 12.64 crore, reflecting a growth of 45.79% over the preceding nine months. This increase in interest costs may point to higher borrowing levels, which could impact future financial flexibility.

Overall, Ratnaveer Precision Engineering's recent financial results highlight a mix of positive growth in sales and profitability, alongside rising interest costs that warrant attention.

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