Ratnamani Metals & Tubes' Q1 FY 2025-26 Quarterly Results

Result Summary

• Ratnamani Metals & Tubes Ltd reported a 23.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 1.2%.
• Its expenses for the quarter were down by 21.8% QoQ and 4.7% YoY.
• The net profit decreased 34.2% QoQ and increased 20.1% YoY.
• The earnings per share (EPS) of Ratnamani Metals & Tubes Ltd stood at 18.8 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Ratnamani Metals & Tubes Ltd is a prominent player in the metal and tube manufacturing industry. The company specializes in the production of stainless steel and carbon steel welded pipes and tubes, which are primarily used in sectors such as oil and gas, power, chemicals, and water distribution. Known for its extensive product range and adherence to quality standards, Ratnamani Metals & Tubes Ltd serves both domestic and international markets. As of the latest quarter, there are no specific major developments or changes in the company’s operations known from the available data.

Revenue

During Q1FY26, Ratnamani Metals & Tubes Ltd reported a total income of ₹1181.91 crores. This represents a decrease of 23.0% from the previous quarter (Q4FY25), where the total income was ₹1534.51 crores. On a year-over-year basis, when compared to Q1FY25, the total income showed a slight decline of 1.2% from ₹1195.98 crores. This data indicates that the company experienced a notable decrease in revenue both quarter-over-quarter and year-over-year.

Profitability

The company achieved a profit before tax of ₹175.78 crores for Q1FY26, which is a 29.1% decrease from the previous quarter’s figure of ₹247.79 crores. However, when compared to the same quarter of the previous year, profit before tax increased by 25.2% from ₹140.35 crores. The tax for the current quarter stood at ₹48.65 crores, marking an 11.0% decrease from the previous quarter’s ₹54.68 crores, but a 41.1% increase from ₹34.47 crores in Q1FY25. Consequently, the profit after tax for Q1FY26 was ₹127.13 crores, declining by 34.2% from Q4FY25's ₹193.11 crores, but rising by 20.1% compared to Q1FY25’s ₹105.88 crores. Earnings per share in Q1FY26 were reported at ₹18.80, reflecting a 31.9% drop from the previous quarter and a 24.5% increase from the same quarter in the previous year.

Operating Metrics

Total expenses for Ratnamani Metals & Tubes Ltd in Q1FY26 were ₹1006.13 crores. This is a 21.8% reduction from the previous quarter’s expenses of ₹1286.73 crores, and a 4.7% decrease when compared to Q1FY25’s expenses of ₹1055.62 crores. The decrease in total expenses both quarter-over-quarter and year-over-year reflects the company’s efforts in managing operational costs amidst fluctuating revenues. These metrics highlight the financial dynamics and operational efficiency of the company in maintaining profitability despite variations in revenue streams.