RHI Magnesita India Ltd., a leading global supplier of refractory products, announced its financial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
Q4FY24 Financial Highlights:
Revenue: ₹1,197 crore (23% YoY increase)
Net Profit: ₹215.12 crore
FY24 Financial Highlights:
The available information doesn't provide a detailed breakdown of the FY24 financial results. However, sources indicate a net loss for the company in Q4FY24.
Key Points and Analysis:
Revenue Growth: Q4FY24 witnessed significant revenue growth compared to the same quarter last year, driven by robust demand in the steel sector.
Net Profit Decline: Despite the revenue growth, the company reported a net loss in Q4FY24, primarily due to one-time exceptional items.
Full Year Performance: While FY24 financials are not explicitly stated, sources suggest a mixed performance, with revenue growth offset by challenges in profitability.
Dividend Recommendation: The company's board has recommended a dividend of ₹2.50 per share.
Further Information and Resources:
The Economic Times: https://economictimes.indiatimes.com/topic/rhi-magnesita-india-ltd-q4-results
INDmoney: https://www.indmoney.com/stocks/rhi-magnesita-india-ltd-share-price
RHI Magnesita Investors: https://ir.rhimagnesita.com/en/investors-old/results-presentations/
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