Iron & Steel Products company Rama Steel Tubes announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Total Revenue including other income stood at Rs 2,944.40 million Total Sales Volume was 55,256.30 MT EBIDTA came in at Rs 136.41 million PAT Margin including OCI was Rs 67.63 million FY25 Financial Highlights: Total Income stood at Rs 10,648 million for FY25 compared to Rs 10,508 million for FY24 PAt stood at Rs 227 million for FY25 compared to Rs 299 million for FY24 Richi Bansal- Executive Director & CEO said that RSTL has delivered steady growth in volumes despite the volatile operating environment. During Q4FY25, Sales volumes have increased by 6.94% as compared to Q3FY25. Sales volume also increased on Y-o-Y basis by 9.27% from 1,78,644.50 Ton during 12MFY24 to 1,95,212.53 Ton during 12MFY25. The Volume growth shows steady demand in the different sectors. EBIDTA has increased by 31.16% during Q4FY25 on QoQ basis attributed to much higher demand in the products and better price realizations. Net profit has increased by 6.49% during Q4FY25 on QoQ basis. This is because of better price realization, better product mix, increase in share of value-added products and implementation of better cost management practices. Result PDF
Iron & Steel Products company Rama Steel Tubes announced Q3FY25 results Total Revenue (including other income) for Q3FY25 stood at Rs 2,804.60 crore, reflecting a 2.89% QoQ increase from Rs 2,723.49 crore in Q2FY25. Total Sales Volume increased 1.47% QoQ to 51,669.01 MT in Q3FY25, compared to 50,921.67 MT in Q2FY25. EBITDA improved 4.24% QoQ to Rs 104 crore in Q3FY25, from Rs 99.77 crore in Q2FY25. PAT Margin (including OCI) saw a 39.24% QoQ growth, reaching Rs 63.51 crore in Q3FY25, compared to Rs 45.41 crore in Q2FY25. Richi Bansal- Executive Director & CEO said that RSTL has delivered steady growth in volumes despite the volatile operating environment. During Q3FY25, Sales volumes have increased by 1.47% as compared to Q3FY24. Sales volume also increased on Y-o-Y basis by 7% from 131137.81 Ton during 9MFY24 to 139956.23 Ton during 9MFY25. The Volume growth shows steady demand in the different sectors. Due to wide raw material price fluctuations, Revenues in value terms declined by 21.70% during the FY24 as compared to FY23. EBIDTA has increased by 4.24% during Q3FY25 on QoQ basis. Net profit has increased by 39.24% during Q3FY25 on QoQ basis. This is because of Finance cost decreased by 60% from Rs 72.67 million to Rs 28.72 million in Q3FY25 owing to efficient utilization of external funds, adoption of cash & carry model and better price negotiation with lenders. Result PDF
Iron & Steel Products company Rama Steel Tubes announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Total Revenue including other Income amounted to Rs 2,686.86 crore. Total Sales Volume for Q4FY24 stood at 47,506.68 MT. EBIDTA for Q4FY24 reached Rs 139.68 crore. PAT Margin for Q4FY24 was Rs 76.42. FY24 Financial Highlights: Total Revenue including other Income for FY24 amounted to Rs 10,508.30 crore. Total Sales Volume for FY24 stood at 1,78,644.50 MT. EBIDTA for FY24 reached Rs 644.19 crore. PAT Margin for FY24 was Rs 299.97. Richi Bansal- Executive Director said that RSTL has delivered steady growth in India volumes despite the volatile operating environment. In FY24, Sales volumes is down by 10% as compared to FY23. Sales volume declined YoY due to de-stocking of material in the expectation of correction in prices. In the first two months of Q4FY24, the global steel prices had suddenly fallen down by 12-13% from the peak levels. Due to wide raw material price fluctuations, Revenues in value terms declined by 21.70% during the FY24 as compared to FY23. EBIDTA has increased by 7.57% during FY24 on YoY basis. Net profit has increased by 9.39% during FY24 on YoY basis as compared to FY23. Result PDF
Iron & Steel Products company Rama Steel Tubes announced Q3FY24 results: Q3FY24 Financial Performance: Total Revenue: The company reported a total revenue, including other income, of Rs 2,641.67 million, marking a QoQ increase of 29.20%. Total Sales Volume: Rama Steel Tubes reached a total sales volume of 46,919.80 metric tons, which is a 31.11% increase compared to the previous quarter. EBIDTA: The EBIDTA stood at Rs 191.97 million, witnessing a 42.26% increase in QoQ. PAT Margin: The Profit After Tax (PAT) Margin, including Other Comprehensive Income (OCI), reached Rs 86.61 million, a significant QoQ rise of 93.93%. 9MFY24 Financial Performance: Total Revenue: In a nine-month comparison, the total revenue decreased by 17.64% to Rs 7821.43 million. Total Sales Volume: Sales volume saw a slight decline of 0.52%, totaling 1,31,138 metric tons. EBIDTA: The EBIDTA for the nine months increased by 39.34% compared to the previous year, amounting to Rs 498.31 million. PAT Margin: Net profit including OCI observed an 8.43% increase year-over-year, totaling Rs 200.07 million. Business Strategy and Updates: Rama Steel Tubes decided to rescind the proposed Scheme of Arrangement for amalgamating Lepakshi Tubes Private Limited with Rama Steel Tubes Limited, prioritizing separate operations for competitive advantage. The company experienced warrant forfeiture from "The Great International Tusker Fund" due to non-receipt of due amount, resulting in 16,55,760 warrants being forfeited. Forfeited amount of Rs 316.25 Lakh was transferred to "Capital Reserve" under Other Equity. After warrant conversion into equity shares, 36,00,000 Equity Shares were allotted on October 11, 2023, along with bonus shares to the warrant holders. Richi Bansal, Executive Director, said, "RSTL has delivered steady growth in India volumes despite the volatile operating environment. In 9MFY24, Sales volumes are almost unchanged as compared to 9MFY23. In Q3FY24, Sales volumes and revenue increased respectively by 31.11% and 29.20% as compared to Q2FY24 however in Q3FY24, sales volume declined YoY due to the de-stocking of material in the expectation of correction in prices. In the first two months of Q3FY24, the global steel prices had suddenly fallen by 12-13% from the peak levels. Due to wide raw material price fluctuations, Revenues in value terms declined by 17.64% during 9MFY24 as compared to 9MFY23. EBIDTA has increased by 25.69% and 39.34% respectively during Q3FY24 and 9MFY24 on YoY basis." Result PDF