Rathi Bars News

Rathi Bars Q3FY26 Revenue Falls 18% to ₹9,062 Lacs

Rathi Bars Limited reported Q3FY26 revenue of ₹9,062.40 lacs, down 18% YoY from ₹11,052.75 lacs. Net profit declined to ₹70.32 lacs versus ₹88.58 lacs in Q3FY25.

Rathi Bars Faces Income Tax Search & Seizure Action

Income Tax Department conducted search and seizure operations at Rathi Bars Limited premises and directors' residences from December 15-19, 2025 under Section 132 of Income Tax Act.

Rathi Bars Limited Receives BBB Credit Rating from CARE Ratings

Rathi Bars Limited disclosed that CARE Ratings has assigned a BBB credit rating with stable outlook on its long-term bank facilities worth Rs 83 crore. This follows CRISIL's reaffirmation and subsequent withdrawal of its BBB rating. CARE Ratings noted the company's experienced promoters with over 25 years in the steel industry, established Rathi brand presence in North India, and wide distribution network. The rating agency highlighted consistent revenue growth from Rs 323.75 crore in FY21 to Rs 496.29 crore in FY25, though operations moderated in FY25 due to volume decline and lower sales realizations. Key challenges include thin profitability margins ranging 2.34%-3.66%, exposure to raw material price volatility, and highly competitive steel industry conditions. The company operates manufacturing facilities in Bhiwadi, Alwar with installed capacity of 68,500 MTPA for billets and 1,00,000 MTPA for steel bars.

Rathi Bars Limited Approves Key Leadership Appointments at Annual General Meeting

Rathi Bars Limited held its 32nd Annual General Meeting on September 16, 2025, where shareholders approved several key resolutions. The meeting approved the reappointment of Mr. Anurag Rathi as Managing Director for five years starting January 21, 2026, and the reappointment of Mr. Uddhav Rathi as Whole Time Director for the same period. Mr. Hukum Singh was appointed as Non-Executive & Non-Independent Director after serving as Additional Director since October 25, 2024. The company also appointed M/s Siya Ram & Associates as Secretarial Auditor for five consecutive years from financial year 2025-26 to 2029-30. Mr. Anurag Rathi and Mr. Uddhav Rathi are related, with Anurag being Uddhav's uncle.