Re-appointment of Internal Auditors and Cost Auditors for the financial year 2026-27, at the Board meeting held on May 15, 2026.
RATNAMANI · price
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Ratnamani Metals & Tubes Ltd reported audited standalone revenue of Rs 3,68,930 Lakhs and PAT of Rs 43,395 Lakhs for FY2026, compared to Rs 4,87,614 Lakhs and Rs 57,801 Lakhs respectively in FY2025, representing a revenue decline of ~24% and PAT decline of ~25%. Consolidated revenue stood at Rs 4,49,396 Lakhs with PAT of Rs 53,447 Lakhs. The Board recommended a dividend of Rs 10 per share (500%) for FY2026, payable by September 17, 2026, subject to shareholder approval at the 42nd AGM on August 18, 2026. The 24% revenue decline follows the prior year figure of Rs 5,18,647 Lakhs. M/s. Kantilal Patel & Co. issued an unmodified (clean) audit opinion on both standalone and consolidated results. Re-appointments of M/s. G. K. Choksi & Co. as Internal Auditors and M/s. N. D. Birla & Co. as Cost Auditors for FY2026-27 were approved. Exceptional items of Rs 1,039.57 Lakhs (net reversal) relate to revised estimates under new Labour Codes.
The ~25% decline in revenue and profitability reflects normalization after the previous year's peak performance, though revenue contraction of this magnitude signals weakening demand conditions. The clean audit opinion and continuation of strong dividend payout (500%) provide some support to investor confidence.