Rathi Steel & Power Posted Multi-fold Rise In Net Profit

Rathi Steel and Power Ltd (RSPL) posted a multifold rise in net profit to Rs 6.94 crore in the September quarter, helped by reduced expenses.

It had reported a Rs 1.79 crore net profit in the July-September period of 2023-24, the company said in an exchange filing. However, the company's total income fell to Rs 121.84 crore from Rs 148.94 crore in the year-ago quarter. Total expenses reduced to Rs 119.61 crore from Rs 147.15 crore in the second quarter last financial year.