Q1 FY27 results, Rs 22.2cr fundraise, Rs 27.5cr 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 35.19cr, up 32% YoY, net profit Rs 45.14 lakhs versus Rs 21.07 lakhs. Board approved preferential issue of warrants and shares worth Rs 22.20cr at Rs 180 per share to fund growth. Capex of Rs 27.50cr approved to expand Ultra High Purity tubes capacity by 500 MTPA. Order book stands at Rs 114cr. Director Vishwambhar C. Saraf resigned due to age, Ritvik Saraf appointed, Rajendra C. Saraf named Non-Executive Chairman.
Growth push via Rs 27.5cr capex and Rs 22.2cr fundraise; Q1 revenue up 32%, profit doubled; promoter participation signals confidence.