RTS Power Corporation Reports Strong Sales Growth Amid Rising Borrowing Costs in December 2024

RTS Power Corporation, a microcap player in the capital goods industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's evaluation, with its score experiencing a revision from 14 to 5 over the past three months.
On a positive note, the company has demonstrated strong growth in net sales, achieving Rs 97.68 crore for the half-yearly period, reflecting a year-on-year increase of 49.02%. This upward trend in sales suggests a robust near-term performance. Additionally, the profit after tax (PAT) for the nine-month period stands at Rs 4.90 crore, surpassing the Rs 4.14 crore recorded in the previous twelve months, indicating that RTS Power Corporation has already exceeded its prior annual sales figures.

Conversely, the financial results also reveal challenges for the company. The quarterly interest expense has surged dramatically, reaching Rs 1.09 crore, which points to increased borrowing costs. Furthermore, the profit before tax less other income (PBT) has fallen to Rs -0.18 crore, marking the lowest level in the last five quarters, suggesting a negative trend in this area.

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