Audited Financial Results ( Standalone and Consolidated) of the Company for the quarter and year ended March 31, 2026.
RAMASTEEL · price
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Rama Steel Tubes reported standalone revenue of ₹95,433.38 lakhs for FY26, up 13.6% from ₹84,002.62 lakhs in FY25, while consolidated revenue rose 7.3% to ₹112,411.91 lakhs. Standalone profit after tax grew 3.8% to ₹1,453.49 lakhs, but consolidated PAT declined sharply by 52% to ₹1,094.70 lakhs. The company's trading segment reported a loss of ₹356.61 lakhs on consolidated basis. Cash flow from operations turned negative at ₹-10,875.98 lakhs due to large increases in trade receivables and other assets. Auditors issued unmodified opinions on both standalone and consolidated results. An income tax draft assessment order proposes additional tax of ₹49.48 crores (₹71.96 crores vs returned income of ₹22.48 crores) for AY 2023-24, which the company has challenged before the DRP.
The revenue growth is positive but the 52% decline in consolidated PAT and negative operating cash flows are concerning signals. The pending tax demand of ₹49.48 crores adds uncertainty. Shareholders should monitor the trading segment performance and working capital management.