RATNAMANINSERatnamani Metals & Tubes Limited· Steel And Steel ProductsHighNeutral
Announced Fri, 15 May · 16:32 IST

Ratnamani Metals & Tubes Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

Revenue DeclinePat NegativeExceptional ItemResults View source PDF

RATNAMANI · price

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Price reaction · full curve 14 horizons · vs prior close
-6.3%1-day move
₹2689.00
prior close
₹2560.00
base price
After-mkt
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AI summary

Ratnamani Metals & Tubes Limited reported standalone revenue of Rs 3,689.30 crore for FY26, down ~24% from Rs 4,876.14 crore in FY25, while consolidated revenue fell to Rs 4,493.96 crore from Rs 5,186.47 crore. Standalone net profit declined to Rs 433.96 crore from Rs 578.01 crore (~25% drop), and consolidated net profit stood at Rs 534.47 crore (vs Rs 541.57 crore in FY25). The auditors (Kantilal Patel & Co.) issued an unmodified opinion with no qualifications. An exceptional item of Rs 10.40 crore (net reversal) was recorded due to the statutory impact of new labour codes, with an initial provision of Rs 18.20 crore partially reversed by Rs 7.81 crore upon refinement. The Board recommended a dividend of Rs 10 per equity share (500%). Cash flow from operations was strong at Rs 976.11 crore (standalone). Internal and Cost Auditors were re-appointed for FY27.

Likely market impact

The ~24-25% decline in revenue and PAT reflects challenging market conditions, but strong operating cash flow and an unmodified auditor opinion indicate solid financial health. The dividend declaration signals management confidence, though shareholders should monitor recovery in topline growth.