Rathi Steel & Power Delivers Resilient Performance in Q1 FY 25
Rathi Steel and Power Limited, a trusted name in India's Stainless Steel and long steel segment, has reported a robust performance in the first quarter of FY 25. The company, founded by Lt. Sh P. C. Rathi Ji in 1971, has a state-of-the-art manufacturing facility in Ghaziabad, U.P., with an installed capacity of 2,00,000 Metric Tonnes per annum of Rolled products. Rathi Steel is known for its leading brand 'RATHI' and is a major player in the B to B Segment, catering to all major end-user industries using Stainless Steel Wire Rods across India. The company has a strong financial foundation and is cost-competitive due to its adoption of 'direct charging technology'. Rathi Steel has also made significant strides in green initiatives and holds various certifications including ISO 9001, ISO 14001, BIS 1786, BIS 16651, BIS 2831, and CBAM. The company has reported an increase in total revenue and EBIDTA for Q1 FY 25.
Key Highlights
- Robust performance in Q1 FY 25 despite challenging market conditions
- Rebuilding brand legacy in the TMT bars space, leading to utilization of idle assets and incremental revenue and margins
- Opportunity to capture evolving market demand of premium quality rebars (FE 500/550 D grades) from reputed builders
- Improvement in capacity utilization of the rolling mill division from approx. 25% to 39%
- Commissioning of cost optimization project of direct rolling, leading to a decrease in net power and fuel costs