Rama Steel Tubes Ltd (RST) reported a better than expected financial performance for Q1 FY18. During the quarter, net sales increased 11% y/y to Rs 729m. Q1 FY18 EBITDA increased 23% to Rs 67m (Rs 55m a year ago) while the EBITDA margin came at 7.4%. Improvement in EBITDA Margins was mainly contributed by reduced power cost. The commission of solar plant at Khopoli has reaped the benefit for the Company and has reduced its power cost. As...