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 Ltd reported standalone revenue of Rs 9,543.34 Lakhs for FY26, up 13.6% from Rs 8,400.26 Lakhs in FY25. Standalone PAT grew modestly by 3.8% to Rs 1,453.49 Lakhs. However, consolidated PAT declined sharply by 51.9% to Rs 1,094.70 Lakhs from Rs 2,274.40 Lakhs previously, primarily due to the trading segment reporting a loss of Rs 356.61 Lakhs compared to a profit of Rs 1,251.48 Lakhs in FY25. The company also received a draft income tax assessment order proposing additional tax demand of Rs 71.96 crores (vs returned income of Rs 22.48 crores) for AY 2023-24, which is being contested. Additionally, the company's associate stake in Bigwin Buildsys was diluted from 24.80% to 9.32%, and it approved striking off dormant subsidiary Rama Defence Private Limited.
The mixed results show revenue growth but concerning profitability decline on consolidated basis due to trading segment losses. The sharp drop in consolidated PAT and negative operating cash flow of Rs 10,875.98 Lakhs (consolidated) may weigh on investor sentiment, despite the clean audit opinion and equity fundraise.