Unaudited Financial Results of the Company and Limited Review Report for the quarter ended June, 2025
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Remi Edelstahl Tubulars reported Q1 FY26 revenue from operations of Rs. 2,661.71 lakhs, up about 15.9% from Rs. 2,297.14 lakhs in Q1 FY25, but down sharply from Rs. 4,072.39 lakhs in Q4 FY25. Net profit rose modestly to Rs. 21.07 lakhs (vs Rs. 19.65 lakhs YoY), with EPS at Rs. 0.19. Cost of materials consumed jumped sharply to Rs. 2,026.39 lakhs from Rs. 847.60 lakhs a year ago, indicating significant input cost pressure that compressed operating margins. The Board approved preferential allotments totaling about Rs. 24.12 crores, including 6.69 lakh convertible warrants to South Korea's WSG Co. Ltd at Rs. 129.33 each (USD 1 million investment), plus equity shares to promoter group and non-promoters. WSG will also provide technology license and machinery for manufacturing ultra-high purity and titanium stainless steel tubes. Cost, internal, and secretarial auditors were reappointed, and the AGM is set for August 28, 2025.
Marginal earnings growth is overshadowed by sharp rise in raw material costs which squeezed margins. The WSG partnership brings foreign investment and new technology capabilities, but the preferential allotments will dilute existing shareholders' stake in the near term.