Unaudited Financial Results of the Company for the quarter ended 30-09-2025 along with limited review report
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Remi Edelstahl Tubulars reported Q2 FY26 revenue from operations of Rs 3,344.11 lakhs, up about 6.7% from Rs 3,135.15 lakhs in Q2 FY25. Half-year revenue rose to Rs 6,006.55 lakhs from Rs 5,712.49 lakhs. However, net profit after tax slipped to Rs 103.14 lakhs (Q2) and Rs 124.21 lakhs (H1), down from Rs 125.83 lakhs and Rs 145.48 lakhs respectively, as expenses grew faster than revenue. EPS for H1 stood at Rs 1.13 vs Rs 1.32 earlier. The balance sheet shows total assets rising sharply to Rs 9,535.42 lakhs, with short-term borrowings jumping from Rs 596.19 lakhs to Rs 2,146.99 lakhs. The company also allotted convertible warrants and equity shares on a preferential basis at Rs 129.33 per share on 20 October 2025. Auditor Sundarlal, Desai & Kanodia issued an unqualified limited review report.
Higher revenue is offset by weaker profitability and a sharp increase in short-term debt. Negative operating cash flow and substantial related-party loans are worth monitoring, though the preferential allotment brings fresh equity capital which could ease liquidity pressure.