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Ratnamani Metals & Tubes Limited Q2 FY26 earnings call summary

NSE: RATNAMANI · BSE: 520111

Earnings call of 10 Nov 2025, summarised by AI from the filing.

Ratnamani Q2 FY26: consolidated sales ₹1,191 cr, up 23%; guides standalone EBITDA margin 16-18% for FY26.

Key takeaways

  1. Q2 results Standalone sales ₹940 cr, up 5%; consolidated sales ₹1,191 cr, up 23%.
  2. Change Commissioned Orissa Phase-I; Phase-II expected next quarter.
  3. Risk Domestic demand subdued; margin pressure in carbon steel line pipes.

Original filing on BSE

Ratnamani Metals & Tubes Limited Q1 FY27 results

As filed: Revenue ₹972 cr (−16% year on year), EBITDA ₹162 cr (−14% year on year), PAT ₹107 cr (−16% year on year), EBITDA margin 16.7% (+29 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹1,085 cr (−37% year on year), EBITDA ₹154 cr (−49% year on year), PAT ₹116 cr (−43% year on year), EBITDA margin 14.2% (−351 bps). Score 14 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 351 bps year on year. Profit fell 14% from last quarter. Share price after the results: −4.2% in 28 days (Nifty 500: +0.3%).
  • Q3 FY26: Revenue ₹1,066 cr (−19% year on year), EBITDA ₹205 cr (+1% year on year), PAT ₹135 cr (+4% year on year), EBITDA margin 19.2% (+378 bps). Score 37 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA and profit before exceptional items growth were in line with it. EBITDA margin rose 378 bps year on year. Consolidated profit +2% but standalone -40%. Revenue fell 11% from last quarter. Share price after the results: +16.4% in 28 days (Nifty 500: −4.0%).
  • Q2 FY26: Revenue ₹1,192 cr (+23% year on year), EBITDA ₹211 cr (+37% year on year), PAT ₹156 cr (+58% year on year), EBITDA margin 17.7% (+184 bps). Score 95 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 184 bps year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: −0.1% in 28 days (Nifty 500: +1.3%).
  • Q1 FY26: Revenue ₹1,152 cr (−3% year on year), EBITDA ₹189 cr (+15% year on year), PAT ₹127 cr (+20% year on year), EBITDA margin 16.4% (+255 bps). Score 62 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA growth was above it; profit growth was well above it. EBITDA margin rose 255 bps year on year. Revenue fell 33% from last quarter. Share price after the results: −9.7% in 28 days (Nifty 500: −2.0%).
  • Q4 FY25: Revenue ₹1,715 cr (+15% year on year), EBITDA ₹303 cr (+23% year on year), PAT ₹203 cr (+5% year on year), EBITDA margin 17.7% (+122 bps). Score 78 of 100, Above trend. Revenue and EBITDA growth were well above the company's own trend; profit growth was in line with it. EBITDA margin rose 122 bps year on year. Share price after the results: +1.8% in 28 days (Nifty 500: +0.2%).
  • Q3 FY25: Revenue ₹1,316 cr (+5% year on year), EBITDA ₹203 cr (+1% year on year), PAT ₹133 cr (0% year on year), EBITDA margin 15.4% (−56 bps). Score 34 of 100, Below trend. EBITDA margin fell 56 bps year on year. Not enough history for a trend yet: scored on growth alone.
  • Q2 FY25: Revenue ₹971 cr (−14% year on year), EBITDA ₹154 cr (−37% year on year), PAT ₹99.0 cr (−40% year on year), EBITDA margin 15.9% (−580 bps). Score 6 of 100, Below trend. EBITDA margin fell 580 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 18% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Ratnamani Metals & Tubes Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.