Refractory Shapes Limited — Results, 13-11-2025: Integrated Filing- Financial

Refractory Shapes announced financial results for the half-year ended September 30, 2025. Total revenue was 3479.36, a slight dip of 2.26% year-over-year. Despite this, net profit soared by 49.21% to 463.59, driving EPS up to 2.13 from 1.43 previously.

This strong profit surge, amidst flat revenue, was primarily driven by a significant 9.5% reduction in total expenses. A notable shift in inventory management, moving from a stock reduction last year to an inventory build-up this year, played a key role in offsetting rising individual cost components.

Overall, the results show mixed financial momentum, with impressive profit growth largely stemming from internal cost adjustments rather than top-line expansion.