Rajratan Global Wire Limited — PPTs, 24-01-2025: Investor Presentation

**Financial Highlights:** For Q3FY25, Rajratan Global Wire reported revenues of ₹21,836 Cr, a decrease of 6% YoY, while EBITDA fell by 23% to ₹2,625 Cr. Profit after tax decreased significantly by 53% to ₹932 Cr, primarily attributed to higher interest costs and lower operating efficiency from the Chennai plant, which commenced phased production. Sales volume in India showed resilience, increasing by 10% YoY, while Thailand's sales volume declined by 18%.

**Strategic Initiatives and Growth Drivers:** The company is actively enhancing manufacturing efficiencies and expanding its global footprint, focusing on gaining international customer approvals and establishing marketing facilities in the USA and Europe.

**Business Developments:** The Chennai greenfield plant is operational, with initial trial runs leading to capitalized losses recognized as CWIP. The company's perseverance in maintaining market share amidst increased competition is noteworthy.

**Market Position and Competitive Advantage:** Rajratan remains the sole bead wire manufacturer in Thailand, allowing a competitive edge in the region, while missing the broader demand from tyre manufacturers.

**Investor Implications:** Despite the current quarter's mixed performance, the company's focus on operational improvements and market expansion suggests a positive outlook for future growth, making it a stock to watch closely.