Ratnamani Metals & Tubes Limited , a leading manufacturer of stainless steel and carbon steel pipes and tubes, has reported a robust financial performance for the second quarter. The company's consolidated revenue saw a significant year-on-year growth of 23%, while maintaining strong profitability margins.

Financial Highlights

The company's consolidated revenue for Q2 2025-26 stood at ₹1,191.69 crores, marking a substantial 23% increase from ₹971.33 crores in the same quarter of the previous year. On a standalone basis, Ratnamani reported a revenue of ₹939.56 crores, up 5% year-on-year.

Profitability saw a notable improvement, with consolidated EBITDA rising to ₹238.15 crores, a 38% increase from the previous year. The EBITDA margin was maintained at 20% on a consolidated basis. Consolidated Profit After Tax (PAT) surged by 57% to ₹156.04 crores, compared to ₹99.35 crores in Q2 2024-25.

Operational Highlights

Ratnamani Metals & Tubes achieved several key operational milestones during the quarter:

1. Commissioned Phase I of its spiral welded pipe plant in Odisha, with Phase II expected to be completed by the end of the calendar year.
2. Pioneered the supply of hydrogen-compliant Carbon Steel Welded pipelines in India, showcasing its technological prowess.
3. The Kutch Plant received the Official API Monogram certification from the American Petroleum Institute, potentially opening new business opportunities in the CRA line pipes segment.
4. The Kutch Plant was also conferred the National Award for Excellence in Energy Management 2025 by the Confederation of Indian Industry (CII).

Subsidiary Performance

The company's subsidiaries contributed significantly to the overall growth:

• Ravi Technoforge Private Limited achieved a revenue of ₹95.6 crores, registering a 40% growth with improved EBITDA margins.
• Ratnamani Finow Spooling Solutions (RFSS) reported a revenue of ₹110 crores, showing strong traction in its specialized segment.

Future Outlook

Ratnamani Metals & Tubes continues to focus on expansion and innovation. The company's Saudi Arabia subsidiary has obtained commercial registration and commenced activities for setting up a stainless steel manufacturing facility, marking a key step in expanding its presence across the GCC region.

Mr. Manoj P. Sanghvi, Whole-Time Director & Chief Executive Officer, commented on the results, stating, "Despite short-term market challenges, the Company's fundamentals remain strong, supported by healthy order visibility, expansion projects, and a positive long-term industry outlook, positioning it well for sustained growth and value creation."

The company's strategic initiatives, including capacity expansions and technological advancements, are expected to drive future growth and maintain its position as a leading player in the pipes and tubes manufacturing industry.

Investors and stakeholders can access more detailed information about the company's performance and future strategies through the conference call recording available on Ratnamani's website.

Ratnamani Metals & Tubes Limited , a leading manufacturer of steel tubes and pipes, has reported a 5.6% year-on-year increase in its standalone net profit for the second quarter of fiscal year 2025-26. The company's financial results, released on November 7, 2025, showcase steady growth and strategic expansion moves.

Financial Highlights

For the quarter ended September 30, 2025, Ratnamani Metals & Tubes reported the following standalone financial results:

The company's consolidated performance for the quarter showed more robust growth:

Strategic Moves and Expansions

During the quarter, Ratnamani Metals & Tubes made several strategic moves to strengthen its market position:

1. Subsidiary Acquisition: The company acquired 40,000 equity shares of Ratnamani Trade EU AG from minority shareholder Technoenergy AG for €400,000, making it a wholly-owned subsidiary.

2. Shareholding Adjustment: Ratnamani amended its agreement with Ravi Technoforge Private Limited, capping its shareholding at 75% and reducing it from 80.017% to 75.00%.

3. New Subsidiary Incorporation: The company incorporated a new subsidiary, "Ratnamani Middle East Company, LLC" in Dammam, Kingdom of Saudi Arabia, although operations have not yet commenced.

4. CSR Initiative: In collaboration with two of its subsidiary companies, Ratnamani incorporated "Ratnamani Foundation", a Section 8 Company, for CSR activities.

Segment Performance

The consolidated segment-wise revenue showed varied performance:

• Steel Tubes and Pipes: ₹985.71 crore
• Bearing Rings: ₹95.60 crore
• Pipe Spools and Auxiliary Support Systems: ₹110.37 crore

Management Commentary

Prakash M. Sanghvi, Chairman & Managing Director, stated, "Our Q2 results reflect the company's resilience and strategic focus. The consolidation of our European operations and expansion into the Middle East market positions us well for future growth. We remain committed to enhancing shareholder value through organic growth and strategic acquisitions."

Outlook

With a strong order book and strategic expansions in place, Ratnamani Metals & Tubes appears well-positioned to capitalize on the growing demand in the steel tubes and pipes sector. The company's focus on diversification and international expansion may contribute to sustained growth in the coming quarters.

Investors and analysts will be watching closely to see how the company's recent strategic moves translate into long-term value creation and market expansion.

Note: All financial figures are based on the unaudited financial results for the quarter ended September 30, 2025, as reported by Ratnamani Metals & Tubes Limited.