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Revenue from operations fell 11.37% year on year to Rs 219.43 crore in the quarter ended 31 March 2023.
Profit before tax in Q4 FY23 stood at Rs 25.80 crore, down by 35.9% from Rs 40.25 crore recorded in Q4 FY22.
The tyre maker's consolidated net profit decreased 19.47% to Rs 100.12 crore on 0.28% rise in revenue from operations to Rs 895.37 crore in FY23 over FY22.
Meanwhile, the company's board has recommended a final dividend of Rs 2 per equity share for financial year 2022-23, subject to approval of members.
Further, on recommendation of nomination and remuneration committee, the board approved the appointment of Yashovardhan Chordia as executive director of the company.
Rajratan Global Wire is a tyre ancillary, manufacturing bead wire, a critical component used in the manufacture of tyres.
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