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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Remi Edelstahl Tubulars reported Q2 FY26 total income of ₹33.59 crore, up 5% year-on-year but PAT declined 18% to ₹1.03 crore versus ₹1.26 crore in Q2 FY25. EBITDA grew modestly 3% YoY to ₹2.62 crore. For H1 FY26, revenue rose 11% YoY to ₹60.94 crore while PAT slipped 15% to ₹1.24 crore. On a sequential basis, the company showed strong recovery with total income up 23%, EBITDA up 81% and PAT surging 390% from Q1 FY26. The presentation highlighted a strategic technology partnership with South Korea's WSG Co. to manufacture ultra-high purity tubes for semiconductors, EVs, biotechnology and pharma, with commercial production targeted for Q1 FY27. The company also showcased opportunities in India's thermal power, nuclear, defence and gas pipeline sectors.
Mixed near-term picture — revenue is growing but profitability is under pressure year-on-year, suggesting margin headwinds. The QoQ recovery is encouraging and the WSG partnership opens a new high-growth vertical in semiconductors and EVs which could be a long-term positive catalyst for the stock.