Remi Edelstahl Tubulars Reports Q1 Profit Growth, Inks Strategic Partnership with South Korean Firm

2 min read Updated on 29 Jul 2025, 10:12 PM

By ScanX News Team

Overview

Remi Edelstahl Tubulars Limited reported a 7.23% increase in net profit to Rs 21.07 lakhs for Q1 FY2026. Total income rose by 18.73% to Rs 2,734.74 lakhs. The company entered a strategic partnership with South Korean firm WSG Co. Limited to manufacture Ultra High Purity and titanium stainless steel tubes in India. WSG will invest USD 1 million through convertible warrants. The partnership aims to enhance Remi's technological capabilities and global competitiveness. The Board approved preferential allotment of shares to promoter and non-promoter investors.

*this image is generated using AI for illustrative purposes only.

Remi Edelstahl Tubulars Limited , a pioneer in stainless steel pipes and tubes manufacturing, has announced its financial results for the first quarter ended June 30, 2025, alongside a strategic partnership with a South Korean firm.

Q1 Financial Highlights

The company reported a net profit of Rs 21.07 lakhs for Q1 FY2026, marking a 7.23% increase from Rs 19.65 lakhs in the same quarter last year. The total income for the quarter stood at Rs 2,734.74 lakhs, up 18.73% from Rs 2,303.36 lakhs in Q1 FY2025.

Key financial metrics for Q1 FY2026:

Particulars (Rs. in Lakhs)	Q1 FY2026	Q1 FY2025	YoY Change
Revenue from Operations	2,661.71	2,297.14	15.87%
Total Income	2,734.74	2,303.36	18.73%
EBITDA	144.83	137.64	5.22%
Net Profit	21.07	19.65	7.23%
EPS (Rs.)	0.19	0.18	5.56%

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) improved by 5.22% year-over-year, reaching Rs 144.83 lakhs.

Strategic Partnership with WSG Co. Limited

In a significant move, Remi Edelstahl Tubulars has entered into a strategic partnership with WSG Co. Limited, a leading South Korean company. This collaboration aims to manufacture Ultra High Purity (UHP) and titanium stainless steel tubes in India.

Key aspects of the partnership include:

Technology Transfer: WSG will provide technology license and machinery to manufacture UHP and titanium tubes.
Equity Investment: WSG will invest USD 1 million (approximately Rs 8.65 crore) through convertible warrants in Remi Edelstahl Tubulars.
Preferential Allotment: The company will issue 6,69,226 convertible warrants to WSG at Rs 129.33 per warrant, convertible into equity shares within 18 months.

Expansion and Diversification

The partnership is expected to strengthen Remi's technological capabilities, drive product diversification, and enhance its global competitiveness. The company plans to develop tubes for applications in food & beverage, dairy, pharmaceutical, and semiconductor industries.

Additional Corporate Actions

The Board of Directors has also approved:

Preferential allotment of 5,00,000 equity shares to a promoter group entity.
Issuance of 6,95,893 equity shares to non-promoter category investors.
Reappointment of cost and internal auditors, and appointment of a new secretarial auditor.

Management Commentary

Rishabh R. Saraf, Managing Director of Remi Edelstahl Tubulars, stated, "Our Q1 results demonstrate resilience in a challenging environment. The strategic partnership with WSG marks a significant step in our growth journey, allowing us to expand into high-value product segments and reinforce our 'Make in India for the world' vision."

The 54th Annual General Meeting of the company is scheduled for August 28, 2025, to be held virtually.

Remi Edelstahl Tubulars Limited continues to focus on innovation and expansion, positioning itself for sustained growth in the stainless steel manufacturing sector.

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