Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Rathi Steel & Power Ltd
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 172.82 | 166.76 | 146.56 | 126.70 | 101.22 | 118.35 | 127.73 | 121.43 | 104.43 | 149.57 | 155.29 | 156.30 | 160.02 |
| Expenses + | 164.38 | 157.04 | 141.42 | 121.09 | 95.13 | 114.39 | 121.76 | 116.29 | 101.41 | 141.67 | 149.17 | 150.07 | 153.68 |
| Operating Profit | 8.44 | 9.72 | 5.14 | 5.61 | 6.09 | 3.96 | 5.97 | 5.14 | 3.02 | 7.90 | 6.12 | 6.23 | 6.34 |
| OPM % | 4.88% | 5.83% | 3.51% | 4.43% | 6.02% | 3.35% | 4.67% | 4.23% | 2.89% | 5.28% | 3.94% | 3.99% | 3.96% |
| Other Income + | 0.20 | 75.34 | 2.39 | 0.84 | 0.06 | 20.00 | 0.09 | 5.13 | 1.62 | 0.16 | 0.11 | 0.14 | 0.07 |
| Interest | 3.56 | 2.60 | 3.60 | 3.46 | 3.20 | 1.48 | 1.08 | 1.00 | 1.71 | 1.72 | 1.75 | 2.12 | 1.88 |
| Depreciation | 2.08 | 2.12 | 2.14 | 2.16 | 2.17 | 2.28 | 2.30 | 2.33 | 2.40 | 2.54 | 2.59 | 2.62 | 2.62 |
| Profit before tax | 3.00 | 80.34 | 1.79 | 0.83 | 0.78 | 20.20 | 2.68 | 6.94 | 0.53 | 3.80 | 1.89 | 1.63 | 1.91 |
| Tax % | 0.00% | 0.31% | 0.00% | 0.00% | 0.00% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit + | 3.01 | 80.09 | 1.79 | 0.82 | 0.79 | 20.13 | 2.69 | 6.94 | 0.53 | 3.80 | 1.89 | 1.63 | 1.91 |
| EPS in Rs | 0.96 | 25.58 | 0.57 | 0.26 | 0.25 | 2.37 | 0.32 | 0.82 | 0.06 | 0.44 | 0.22 | 0.19 | 0.22 |
Financials of Rathi Steel & Power Ltd
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 466 | 669 | 597 | 382 | 350 | 350 | 38 | 427 | 543 | 727 | 493 | 503 | 621 |
| Expenses + | 511 | 665 | 648 | 409 | 360 | 399 | 115 | 414 | 515 | 695 | 472 | 481 | 595 |
| Operating Profit | -46 | 4 | -50 | -27 | -10 | -48 | -77 | 13 | 28 | 32 | 21 | 22 | 27 |
| OPM % | -10% | 1% | -8% | -7% | -3% | -14% | -206% | 3% | 5% | 4% | 4% | 4% | 4% |
| Other Income + | 2 | -4 | 1 | 4 | -73 | -27 | 62 | 201 | -38 | 76 | 23 | 7 | 0 |
| Interest | 49 | 50 | 18 | 17 | 14 | 0 | 2 | 7 | 13 | 12 | 12 | 6 | 7 |
| Depreciation | 9 | 32 | 24 | 23 | 19 | 8 | 8 | 16 | 13 | 8 | 9 | 10 | 10 |
| Profit before tax | -102 | -82 | -91 | -63 | -116 | -83 | -26 | 190 | -36 | 87 | 24 | 14 | 9 |
| Tax % | -27% | 0% | 0% | 0% | 2% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| Net Profit + | -74 | -82 | -91 | -63 | -118 | -83 | -26 | 190 | -36 | 87 | 24 | 14 | 9 |
| EPS in Rs | -23.74 | -26.32 | -29.09 | -20.22 | -37.75 | -26.61 | -8.19 | 60.73 | -11.66 | 27.86 | 2.77 | 1.62 | 1.07 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Rathi Steel & Power Ltd
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 85 | 86 | 95 |
| Reserves | -26 | -89 | -180 | -243 | -362 | -445 | -471 | -220 | -256 | -100 | 28 | 42 | 45 |
| Borrowings + | 524 | 593 | 659 | 672 | 687 | 687 | 687 | 436 | 324 | 122 | 10 | 47 | 37 |
| Other Liabilities + | 80 | 89 | 48 | 74 | 69 | 77 | 95 | 96 | 98 | 152 | 96 | 91 | 122 |
| Total Liabilities | 609 | 625 | 558 | 533 | 426 | 350 | 342 | 343 | 196 | 205 | 220 | 265 | 299 |
| Fixed Assets + | 319 | 290 | 270 | 250 | 232 | 227 | 222 | 208 | 67 | 66 | 70 | 83 | 78 |
| CWIP | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 14 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 282 | 334 | 287 | 283 | 193 | 123 | 121 | 135 | 129 | 139 | 149 | 176 | 207 |
| Total Assets | 609 | 625 | 558 | 533 | 426 | 350 | 342 | 343 | 196 | 205 | 220 | 265 | 299 |
Financials of Rathi Steel & Power Ltd
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -117 | -18 | 0 | 5 | 0 | 0 | 3 | 196 | -12 | 105 | 24 | -11 |
| Cash from Investing Activity + | -1 | 5 | 0 | -3 | 0 | 0 | -2 | 1 | 128 | -6 | -10 | -27 |
| Cash from Financing Activity + | 114 | 15 | 0 | -2 | 0 | 0 | 0 | -198 | -118 | -100 | -9 | 32 |
| Net Cash Flow | -3 | 2 | 0 | 0 | 0 | 0 | 1 | -0 | -1 | -0 | 5 | -5 |
| Free Cash Flow | -119 | -14 | 0 | 2 | 0 | 0 | 0 | 193 | -19 | 98 | 11 | -40 |
| CFO/OP | 256% | -433% | 0% | -18% | 0% | 0% | -4% | 1,488% | -42% | 333% | 114% | -50% |
Financials of Rathi Steel & Power Ltd
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 90 | 78 | 64 | 100 | 33 | 17 | 121 | 16 | 5 | 4 | 12 | 18 |
| Inventory Days | 40 | 54 | 55 | 86 | 16 | 15 | 45 | 11 | 20 | 22 | 29 | 48 |
| Days Payable | 8 | 27 | 3 | 18 | 32 | 32 | 192 | 30 | 29 | 36 | 62 | 80 |
| Cash Conversion Cycle | 121 | 105 | 116 | 168 | 17 | -0 | -26 | -3 | -4 | -10 | -22 | -13 |
| Working Capital Days | 50 | 4 | -6 | -36 | -194 | -217 | -2,214 | -102 | -70 | -38 | -20 | -18 |
| ROCE % | -11% | -5% | -14% | -10% | -5% | -12% | -9% | 3% | 10% | 32% | 17% | 10% |