Latest News | Rathi Steel and Power Q2 Net Grows to Rs 7 Cr
Get latest articles and stories on Latest News at LatestLY. Rathi Steel and Power Ltd (RSPL) on Thursday posted a multifold rise in net profit to Rs 6.94 crore in the September quarter, helped by reduced expenses.
New Delhi, Nov 14 (PTI) Rathi Steel and Power Ltd (RSPL) on Thursday posted a multifold rise in net profit to Rs 6.94 crore in the September quarter, helped by reduced expenses.
It had reported a Rs 1.79 crore net profit in the July-September period of 2023-24, the company said in an exchange filing.
However, the company's total income fell to Rs 121.84 crore from Rs 148.94 crore in the year-ago quarter. Total expenses reduced to Rs 119.61 crore from Rs 147.15 crore in the second quarter last financial year.
Rathi Steel and Power Ltd owns and operates a 2 lakh tonnes steel plant in Uttar Pradesh.
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)