Gandhi Special Tubes Ltd , a key player in the Indian manufacturing sector, has released its financial results for the second quarter, showcasing a mixed performance with improved profitability despite a slight dip in revenue.

Financial Highlights

Gandhi Special Tubes has demonstrated resilience in its financial performance for the quarter. The company reported a net profit of ₹177.00 crore, marking a 2.91% increase from ₹172.00 crore in the same quarter of the previous year. This growth in profit comes despite a marginal decline in revenue, which stood at ₹480.00 crore, down 1.23% from ₹486.00 crore year-over-year.

Improved Operational Efficiency

A notable highlight of the quarter was the significant improvement in the company's operational efficiency. The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a robust increase of 6.10%, rising to ₹210.30 crore from ₹198.20 crore in the corresponding quarter last year. This improvement is further emphasized by the expansion of the EBITDA margin, which grew from 40.79% to 43.80%, indicating enhanced cost management and operational optimization.

Management's Approval and Disclosure

The Board of Directors of Gandhi Special Tubes convened to review and approve the unaudited financial results for the second quarter and half-year. In compliance with SEBI regulations, the company has submitted the following documents:

1. Unaudited Financial Results for Q2
2. Statement of Assets and Liabilities
3. Cash Flow Statement for the half-year
4. Limited Review Report from the Statutory Auditors

These financial disclosures underscore the company's commitment to transparency and adherence to regulatory standards. Investors and stakeholders can access detailed financial information on the company's official website.

While the slight decrease in revenue might raise questions about market conditions or sectoral challenges, the improved profitability and operational metrics suggest that Gandhi Special Tubes has been successful in implementing cost-effective measures and potentially improving its product mix or pricing strategies.

As the manufacturing sector continues to navigate through various economic headwinds, Gandhi Special Tubes' ability to maintain profitability growth in the face of revenue challenges could be seen as a positive indicator of the company's resilience and adaptive strategies in a competitive market landscape.

Gandhi Special Tubes Limited, a prominent player in the tube manufacturing sector, has disclosed plans for an inter-se transfer of shares within its promoter group. The company recently announced that Mr. Manhar Gandhi, a key promoter, intends to gift 200,000 equity shares, representing a 1.65% stake in the company, to Mr. Rahul Gandhi, another member of the promoter group.

Transfer Details

The proposed transfer, structured as a gift without any monetary consideration, is scheduled to take place on or after September 26, 2025. This off-market transaction falls under the exemption provided by the Securities and Exchange Board of India (SEBI) Substantial Acquisition of Shares and Takeovers (SAST) Regulations.

Regulatory Compliance

In compliance with Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, Gandhi Special Tubes has formally notified the stock exchanges about this impending transfer. The company's filing indicates that the transaction adheres to Regulation 10(1)(a)(ii) of SEBI SAST Regulations, which exempts inter-se transfers among qualifying persons from certain disclosure requirements.

Impact on Shareholding

It's important to note that this transfer will not alter the overall promoter and promoter group holding in Gandhi Special Tubes Limited. The aggregate shareholding of the promoter group will remain unchanged post-transaction, maintaining the current ownership structure of the company.

Company Secretary Statement

Chaitali Kachalia, the Company Secretary and Compliance Officer of Gandhi Special Tubes Limited, has confirmed the details of the transfer in the regulatory filing. The company has assured stakeholders that all necessary disclosures under Regulation 10(5) of SEBI SAST Regulations have been duly submitted to the stock exchanges.

This inter-se transfer represents a realignment of shares within the promoter group of Gandhi Special Tubes Limited, reflecting potential succession planning or internal restructuring within the promoter family.