Sarthak’s Q3 FY24 results impacted by low demand

Sarthak Metals has battled volatile input and metal prices driven by weak Chinese and Global economy in the last 2-3 quarters. Revenues were down 19% y-o-y in Q3 ‘24 to Rs 75 crore due to muted exports in the cored wire segment and uncharacteristic margin squeeze in the aluminium segment….

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2023 was the year of new business decisions at Sarthak Metals

The management of Sarthak Metals announced two new areas for expansion in 2023. The backdrop to this is: the management was evaluating options for expansion for some time. In its main business of making two key consumables for manufacture of steel – cored wire and aluminium flipping coils –   the…

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H1 FY24: Resilient results in a tough first half by Sarthak Metals

Sarthak Metals has battled volatile input prices driven by weak global economy in the last 2-3 quarters and yet has delivered a resilient performance in the first half of FY23-24. Despite a 33% drop in revenue in H1 FY24 over H1 FY23, the EBITDA margin has stayed in its preferred…

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Sarthak’s Q3 results reinforce immunity from steel cycles

Sarthak Metals once again declared a healthy EBITDA, both in absolute terms and margins, despit its consumers – the steel makers – still struggling for margins. This confirms what the management has been saying: that Sarthak’s business is not exposed to steel sector cyclicality. Key Points from Q3 FY23 results:…

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Sarthak Metals is a Value Buy

Our new Investor Relations client Sarthak Metals offers great value to investors at the current price. Firstly, its business: Sarthak Metals is a supplier of couple of important ingredients in the manufacture of steel. While the name may suggest that Sarthak is a manufacturer of metals, it is a supplier…

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