Rajratan Q1 FY27: Record revenue, stronger margins, and Chennai turning profitable

The presentation describes Rajratan as a manufacturer of high-carbon steel bead wire used inside tyres to hold the tyre to the rim.

Revenue was Rs 318.35 crore, EBITDA was Rs 41.71 crore, and PAT was Rs 22.96 crore as per the consolidated financials table.

Total sales volume increased to 33,300 MT in Q1 FY27 from 28,634 MT in Q1 FY26 (16% YoY), with India at 19,710 MT and Thailand at 13,590 MT.

Key figures in the presentation state 61% revenue share from India operations and 35% revenue share from Thailand operations in Q1 FY27.

Management states the Chennai facility crossed break-even in the previous quarter and began contributing positively in Q1 FY27, with capacity expected to increase from around 30,000 TPA to 60,000 TPA.

The presentation mentions a steel cord for conveyor belt project at Pithampur as the company’s first product diversification.

The presentation highlights ISO-certified environmental and safety systems, emissions tracking, solar power installations at Thailand and Chennai, recycling of metal scrap, and wastewater reuse.