Remi Edelstahl Tubulars Limited , a pioneer in stainless steel pipes and tubes manufacturing, has announced its financial results for the second quarter of fiscal year 2026, showcasing robust growth and improved profitability.

Financial Highlights

The company reported a revenue of Rs 3,344.84 lakhs in Q2 FY26, marking a 5% increase compared to the same quarter last year. This growth was accompanied by a significant quarter-on-quarter improvement, with revenues rising 23% from Q1 FY26.

Profitability and Operational Efficiency

Remi Edelstahl Tubulars demonstrated strong operational performance, with EBITDA reaching Rs 261.73 lakhs, up 3% year-over-year and an impressive 81% quarter-on-quarter. The company's net profit after tax stood at Rs 103.14 lakhs, showing a remarkable 390% increase from the previous quarter, although it decreased by 18% compared to the same period last year.

Strategic Developments

The company has made significant strides in expanding its market presence and product portfolio:

1. Technology Partnership: Remi Edelstahl Tubulars has entered into a strategic partnership with WSG Co. Ltd from South Korea. This collaboration aims to manufacture tubes for the food, dairy, and pharmaceutical industries, potentially opening new revenue streams.

2. Capital Raising: On October 20, 2025, the company allotted:

   • 6,69,226 convertible warrants to non-promoters
   • 2,67,000 equity shares to promoter group entities
   • 6,95,893 equity shares to non-promoters All these were issued at Rs 129.33 per warrant/equity share, including a premium of Rs 119.33.

Management Commentary

Rishabh R. Saraf, Managing Director of Remi Edelstahl Tubulars Limited, stated, "Our Q2 results reflect the company's resilience and strategic focus. The significant quarter-on-quarter growth in revenue and profitability underscores the effectiveness of our operational strategies. Our partnership with WSG Co. Ltd is a step towards diversifying our product range and tapping into new market segments."

Outlook

With its strong financial performance, strategic partnerships, and focus on expanding its product portfolio, Remi Edelstahl Tubulars appears well-positioned for continued growth. The company's efforts in capital raising and technological collaborations may provide it with the resources needed to capitalize on emerging opportunities in the stainless steel tubes and pipes sector.

Remi Edelstahl Tubulars Limited has announced a change in its shareholding structure following a preferential allotment of shares to Remi Finance and Investment Private Limited, a member of the promoter group. This move has resulted in an increase in the promoter group's stake and a change in the company's equity capital.

Key Details of the Acquisition

Transaction Specifics

• Shares Acquired: 2,67,000 equity shares
• Acquisition Date: October 20, 2025
• Price per Share: Rs. 10
• Mode of Acquisition: Preferential Allotment

The preferential allotment has increased Remi Edelstahl Tubulars' equity share capital, with the total number of equity shares rising from 1,09,82,400 to 1,19,45,293.

Regulatory Compliance

Remi Finance and Investment Private Limited submitted the disclosure under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure followed the intimation from Remi Edelstahl Tubulars Limited regarding the allotment of equity shares on a preferential basis.

The transaction may indicate the promoter group's confidence in Remi Edelstahl Tubulars Limited. Investors and market observers might want to monitor any potential impacts this increased promoter holding could have on the company's future decisions and performance.