Ratnamani Metals & Tubes' Q2 FY 2025-26 Quarterly Results

Result Summary

• Ratnamani Metals & Tubes Ltd reported a 3.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 23.0%.
• Its expenses for the quarter were up by 1.3% QoQ and 18.9% YoY.
• The net profit increased 22.7% QoQ and increased 57.1% YoY.
• The earnings per share (EPS) of Ratnamani Metals & Tubes Ltd stood at 19.43 during Q2 FY 2025-26.

Financial Statments for Q2 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 company primarily engaged in manufacturing stainless steel pipes and tubes. It operates within the metals and manufacturing sector, providing products that are crucial for various industrial applications. These products are used in sectors like oil and gas, petrochemicals, power generation, and more. As of the most recent data, there are no major developments or changes in the company's operations that have been highlighted. The company is known for its focus on quality and innovation, which helps it maintain a strong position in the market.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Ratnamani Metals & Tubes Ltd reported a total income of ₹1218.59 crores. This represents a quarter-over-quarter (QoQ) growth rate of 3.1% compared to the first quarter of the fiscal year 2026 (Q1FY26), where the total income was ₹1181.91 crores. Year-over-year (YoY), there was a notable increase of 23.0% compared to the second quarter of the fiscal year 2025 (Q2FY25), which recorded a total income of ₹990.86 crores. This increase highlights the company's ability to generate higher revenue compared to the previous periods.

Profitability

The company's profitability metrics show significant growth in Q2FY26. The profit before tax for the quarter was ₹199.44 crores, showing a 13.5% increase QoQ from ₹175.78 crores in Q1FY26 and a 49.3% increase YoY from ₹133.58 crores in Q2FY25. The profit after tax stood at ₹156.04 crores, marking a substantial QoQ growth of 22.7% from ₹127.13 crores and an impressive YoY growth of 57.1% from ₹99.35 crores. The tax expense for Q2FY26 was ₹43.40 crores, a decline of 10.8% QoQ from ₹48.65 crores, while on a YoY basis, it increased by 26.8% from ₹34.23 crores. The earnings per share (EPS) for Q2FY26 was ₹19.43, showing a QoQ increase of 3.4% and a YoY increase of 37.1%.

Operating Metrics

The total expenses for Q2FY26 were reported at ₹1019.15 crores, which represents a 1.3% increase QoQ from ₹1006.13 crores in Q1FY26 and an 18.9% increase YoY from ₹857.27 crores in Q2FY25. This indicates that while the company has managed to increase its revenue, its expenses have also grown but at a lower rate than income, contributing to higher profitability. The company's ability to manage expenses effectively while increasing income demonstrates operational efficiencies and cost management strategies in place.