Sarthak Metal’s core business of supplying certain consumables – cored wires and aluminium flipping coils – for the manufacture of steel continued to suffer headwinds in FY24. For the second year in a row revenue fell, coming down to Rs 305 crore in FY24 as compared to Rs 408 crore…
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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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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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