Rama Steel Tubes Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Rama Steel Tubes Limited reported standalone revenue of Rs 9,543 Lakhs for FY26 (up 13.6% from Rs 8,400 Lakhs in FY25) and consolidated revenue of Rs 11,241 Lakhs (up 7.3% from Rs 10,481 Lakhs). Standalone PAT grew marginally to Rs 1,453 Lakhs (up 3.8%), but consolidated PAT declined sharply to Rs 1,095 Lakhs (down 52%) due to associate company dilution. The company's stake in Bigwin Buildsys Coated Private Limited reduced from 24.80% to 9.32% after a preferential issue, causing loss of associate status. The trading segment turned deeply unprofitable with a loss of Rs 357 Lakhs vs profit of Rs 1,251 Lakhs last year. The Income Tax Department has proposed an assessment of Rs 71.96 crores vs returned income of Rs 22.48 crores for AY 2023-24, with the company contesting this before DRP. Auditors issued an unmodified opinion. Other decisions include appointment of new internal auditor, strike-off of dormant subsidiary, and relocation of registered and corporate offices.
Consolidated profit declined significantly due to associate dilution and trading segment losses. The large income tax dispute (Rs 49.5 crore difference) represents a potential contingency risk. The negative consolidated operating cash flow of Rs 10,876 Lakhs is concerning and requires monitoring.