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Rex Pipes and Cables’ H1 FY-24 Revenue Grows 11.73%, PAT Jumps 29%

Rex Pipes and Cables Industries Ltd. (RPCIL) [NSE:REXPIPES] has announced its financials for half year ended 30th September 2023.

Rex Pipes and Cables reported a revenue of Rs. 57.52 crore for H1 of FY-24, which is 11.73% higher than its Rs. 51.48 crore revenue earned during H1 of 2022-23 financial year. The company’s YoY Profit After Tax (PAT) jumped by 29.95% to Rs. 2.43 crore in H1 of FY-24 from Rs. 1.87 crore clocked during H1 of FY-23.

Earnings Per Share (EPS) of RPCIL jumped to Rs. 2.56 in H1 of FY-24 from Rs. 2.17 during H1 of FY-23.

On Half year-over-Half year basis (HoH), the company’s revenue slumped by 13.07% from Rs. 66.17 crore earned during H2 of FY-23. The company’s PAT increased by 35% from Rs. 1.80 crore in H2 of FY-23.