Gallantt Ispat532726Steel, metals
Gallantt's revenue rose 13% but profit fell around 30% year-on-year due to higher costs squeezing margins
By ScoutQuest · · 1 min read
- Revenue growth
- 13 percent
- Profit decline
- 30 percent
- Operating expense growth
- 17 percent
- Raw material cost growth
- 9 percent
- Current margin
- 9.6 percent
Heard on business television between 15:16:58 - 15:19:58 IST.
- Revenue grew around 13% but profit declined around 30% on a YoY basis
- Operating expenses rose around 17% and raw material cost rose around 9% YoY
- Margins declined to around 9.6% versus 12.9% a year earlier
- Revenue growth has not translated into higher profits
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