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Rex Pipes and Cables’ FY23 Revenue Up 15.5% to 117.64 Cr, PAT Shoots Up 89.53% YoY

Rex Pipes and Cables Industries Ltd. (RPCIL) [NSE:REXPIPES] has announced its financial results for second half (H2) of FY-23, and year ended 31st March 2023.

For H2 of FY-23, the company reported a revenue of Rs. 66.17 crore from operations, which is 29.71% higher than its Rs. 51.01 crore income earned during H2 of FY-22. Rex Pipes and Cables’ PAT for H2 FY23 showed a YoY increase of 65.09% to Rs. 1.75 crore in FY-23 from Rs. 1.06 crore during FY-22.

Considering the entire year, RPCIL reported an income from operations of Rs. 117.64 crore during FY-23 as compared to Rs. 101.83 crore in FY-22. This shows a healthy growth of 15.53%. The company’s PAT showed a YoY increase of 89.53% to Rs. 3.62 crore earned during FY-23 from Rs. 1.91 crore reported during FY-22.

Earning Per Equity Share (EPS) of the company jumped to Rs. 2.03 in H2 of FY-23 from Rs. 1.23 reported in H2 of FY-22. Moreover, RPCIL’s EPS for FY23 increased to Rs. 4.21. In comparison, EPS for FY22 was Rs. 2.22.