Q1 FY27 Results: PAT up 114%, Revenue up 32%; Rs 22 Cr Fund Raise & Capex Approved
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On the reaction day the stock moved 4.5 pts more than Nifty Microcap 250 and 5.4 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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REMI Edelstahl Tubulars reported Q1 FY27 revenue of Rs 35.19 crores, up 32% YoY from Rs 26.62 crores. Net profit jumped 114% to Rs 45.14 lakhs versus Rs 21.07 lakhs. EPS at Rs 0.36 versus Rs 0.19. Board approved preferential allotments worth about Rs 22.15 crores at Rs 180 per share to promoter group, South Korea's WSG Co. and other non-promoters. Capex of Rs 27.50 crores cleared to expand Ultra High Purity tubes capacity by 500 MTPA. Order book stands at Rs 114 crores. Profitability was hit by higher energy costs from Middle East tensions.
Strong YoY growth in revenue and profit. Equity dilution from Rs 22 Cr preferential issue. Capex for UHP expansion signals growth focus.