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<p data-start="100" data-end="416"><span style="font-family: georgia, palatino, serif; font-size: 12pt;">IPO-bound Rajputana Stainless Limited has reported a revenue decline of approximately 3.99% in FY24, ahead of its upcoming initial public offering. As per the company&rsquo;s Draft Red Herring Prospectus (DRHP), revenue from operations stood at ₹909.8 crore for FY24, compared to ₹947.67 crore in the previous fiscal year.</span></p>
<p data-start="418" data-end="607"><span style="font-family: georgia, palatino, serif; font-size: 12pt;">Total income also saw a marginal drop of about 3.7%, falling to ₹915.5 crore from ₹950.69 crore in FY23. However, the company managed to boost its profitability by cutting down on expenses.</span></p>
<p data-start="609" data-end="849"><span style="font-family: georgia, palatino, serif; font-size: 12pt;">Total expenses decreased by around 5.31%, from ₹922.11 crore in FY23 to ₹873.18 crore in FY24. This cost efficiency helped push Rajputana Stainless&rsquo; net profit up by 31.52%, reaching ₹31.62 crore, compared to ₹24.04 crore the previous year.</span></p>
<p data-start="851" data-end="1181"><span style="font-family: georgia, palatino, serif; font-size: 12pt;">Material costs, the biggest expense head, marginally declined by 0.77% to ₹742.78 crore. On the other hand, employee benefit expenses rose sharply by 18.06% to ₹21.44 crore, and finance costs surged 27.18% to ₹14.46 crore. Depreciation and amortisation costs also went up by 20.23%, while other expenses saw a minor rise of 1.94%.</span></p>
<p data-start="1183" data-end="1308"><span style="font-family: georgia, palatino, serif; font-size: 12pt;">For the nine months ending December 31, 2024, the company recorded ₹684.12 crore in revenue and a net profit of ₹31.58 crore.</span></p>
<p data-start="1310" data-end="1506"><span style="font-family: georgia, palatino, serif; font-size: 12pt;">The upcoming IPO includes a fresh issue of 1.47 crore equity shares and an offer for sale (OFS) of 62.5 lakh shares. Details regarding the IPO price band and opening dates are yet to be disclosed.</span></p>
<p data-start="1508" data-end="1703"><span style="font-family: georgia, palatino, serif; font-size: 12pt;">Nirbhay Capital Services Private Limited is acting as the book-running lead manager, while Kfin Technologies has been appointed registrar. The company aims to list its shares on both BSE and NSE.</span></p>
<p data-start="1705" data-end="1930" data-is-last-node="" data-is-only-node=""><span style="font-family: georgia, palatino, serif; font-size: 12pt;">Founded in 1991, Rajputana Stainless is engaged in the manufacturing of long and flat stainless-steel products. It offers over 80 grades of stainless steel, including billets, forging ingots, black and bright bars, and flats.<br><br></span><span style="font-family: georgia, palatino, serif; font-size: 12pt;">[Except for the headline, this article has not been edited by the Benefit News editorial team and is published directly from the IANS news feed]</span></p>
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Rajputana Stainless sees 4% dip in FY24 revenue

Despite revenue fall, net profit surges 31% ahead of IPO; expenses trimmed in FY24 performance

Rajputana Stainless sees 4% dip in FY24 revenue

Despite revenue fall, net profit surges 31% ahead of IPO; expenses trimmed in FY24 performance

June 27, 2025 | 21:27 IST