Ratnamani Metals & Tubes Limited has informed the Exchange about Transcript

Ratnamani reported Q4 standalone sales of INR893 crores versus INR1,575 crores in Q4 FY25, impacted by muted demand and Middle East geopolitical issues. Despite lower volumes, EBITDA margins were maintained through operational efficiency and improved product mix. The order book stands at INR2,160 crores (INR531 crores stainless steel, INR1,631 crores carbon steel, INR697 crores exports). Subsidiaries performed well: Ravi Technoforge grew 33% to INR377 crores with margins improving from 10% to 12%, while RFSS achieved INR390 crores revenue in its first full year. Management guided FY27 standalone revenue of INR4,800-5,000 crores assuming Middle East situation normalizes within a month, with RTL growing 10-15% and RFSS 20-25%. The company remains debt-free with INR800 crores cash. Key concerns include increased competition in both SS and CS segments, rising gas costs, and delayed project cycles.