Geekay Wires Limited — Important, 17-02-2025: Updates

The Board of Directors of Geekay Wires Limited has convened a meeting and approved the un-audited financial results for the third quarter and nine months ended 31st December 2024. Revenue from operations stood at ₹11,330.31 Cr, marking a decrease from ₹12,383.02 Cr for the previous quarter. Profit before tax was ₹1,291.68 Cr, reflecting a decline compared to ₹1,476.66 Cr in the corresponding quarter of the previous year. For the nine-month period, the total income reached ₹36,899.30 Cr with a profit of ₹2,885.13 Cr.

Additionally, the Board accepted the resignation of Mr. Sanjay Kumar Prajapati as Company Secretary and appointed Mrs. Kirti Gupta in his place. Mrs. Gupta, with two years of experience, will oversee company secretarial and compliance functions.

Overall, while the quarterly results showed some decline, the company continues its leadership in the galvanized steel wire market, indicating a stable long-term outlook for retail investors. Watch closely for any strategic adjustments in operations to improve performance.