Rhetan TMT Ltd. (BSE: 543590), a leading player engaged in the manufacturing and trading of steel products, has reported stellar earnings for the quarter and half year ended 30 September 2024. For the quarter ended 30 September 2024, the company reported revenue from operations at Rs. 494.76 Lakhs. The EBITDA came in at Rs. 312.86 Lakhs (Q2FY25), a growth of 197% YoY. The EBITDA Margin was reported at 63.19%. PAT grew 234% from Rs. 68.04 Lakhs (Q2FY24), to Rs. 227.22 Lakhs (Q2FY25).
For half year ended 30 September 2024, the company reported revenue from operations at Rs. 2429.41 Lakhs (Q2FY25). The EBITDA recorded a growth of 86% YoY, from Rs. 257.06 Lakhs (H1FY24) to Rs. 477.10 Lakhs (H1FY25). EBITDA margins came in at 19.63%, showing an improvement of 1224 bps YoY. PAT jumped 112% YoY to Rs. 307.89 Lakhs (H1FY25).
Earlier, the Board of Directors approved the establishment of a solar power plant with a capacity of up to 2 MW. This facility will occupy an area of approx., 20,000 square meters and will be located in the village of Untarda, Taluka Bayad, District Aravalli.