Rathi Steel and Power posts Net Profit of ₹ 87 Cr. for FY23
Sales decreased in Q3 FY23 but profit rose sharply owing to nonrecurring income worth 72cr from the recovery of bad debt/provisions. Excluding for non-operational and non-recurring income, overall profitability (NPM) rose to 1.7% from (-6.7%) in FY22.
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