Rathi Steel and Power posts Net Profit of ₹ 87 Cr. for FY23

12 June 2023

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.