Ratnamani Metals & Tubes Limited , a leading manufacturer of steel tubes and pipes, has announced key leadership appointments and released its financial results for the first quarter.

New Leadership Appointments

The company has strengthened its senior management team with two strategic appointments, effective August 1, 2025:

1. Manjindersingh M. Randhawa has been appointed as Business Head for the Stainless Steel Division. With 28 years of experience in seamless stainless steel and nickel alloys manufacturing, Randhawa brings valuable expertise to the role. He previously served as Plant Head at Ratnamani's Indrad facility and played a crucial role in setting up the Kutch plant.

2. Dhirendra Mohan Sharma has been named Business Head for Carbon Steel Line Pipes Products. Sharma, who joined Ratnamani in 2015 as General Manager Marketing, has 32 years of marketing experience. He has been instrumental in driving domestic carbon steel line pipe sales across various segments, including water, city gas distribution, and oil and gas.

Both appointments were approved by the Board of Directors based on recommendations from the Nomination and Remuneration Committee.

Q1 Financial Highlights

Ratnamani Metals & Tubes has reported robust financial results for the quarter ended June 30:

Despite a slight decrease in revenue, the company has shown significant improvement in profitability. The net profit for Q1 increased by 20.07% year-over-year to ₹12,713.48 lakhs, compared to ₹10,588.15 lakhs in the same quarter of the previous fiscal year.

Segment Performance

The company's financial results reveal strong performance across its business segments:

1. Steel Tubes and Pipes: This segment remains the primary revenue driver, generating ₹106,175.63 lakhs in Q1.
2. Bearing Rings: The segment contributed ₹7,726.22 lakhs to the total revenue.
3. Pipe Spools and Auxiliary Support Systems: This newer segment showed promising growth, adding ₹1,260.19 lakhs to the revenue.

Management Commentary

Prakash M. Sanghvi, Chairman & Managing Director of Ratnamani Metals & Tubes Limited, stated, "We are pleased with our Q1 performance, which demonstrates our resilience and operational efficiency. The strategic appointments of Mr. Randhawa and Mr. Sharma will further strengthen our leadership team and drive growth in our key business divisions."

The company's focus on diversification and value-added products appears to be yielding positive results, as evidenced by the growth in profitability despite challenging market conditions.

Ratnamani Metals & Tubes Limited continues to maintain a strong market position in the steel tubes and pipes industry, with a positive outlook for the coming quarters based on its robust order book and strategic initiatives.

Ratnamani Metals & Tubes Ltd , a leading manufacturer of steel tubes and pipes, has announced its financial results for the first quarter, showcasing strong profitability despite a slight dip in revenue.

Financial Highlights

The company reported a consolidated revenue of ₹1,151.62 crore for Q1, marking a marginal decrease from ₹1,183.70 crore in the same quarter last year. However, Ratnamani demonstrated impressive profit growth and improved operational efficiency:

• Net Profit: Consolidated net profit surged to ₹132.44 crore, up from ₹100.00 crore in Q1 of the previous year, representing a substantial 32.44% increase.
• EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose to ₹188.00 crore from ₹160.00 crore year-over-year.
• EBITDA Margin: The company significantly improved its EBITDA margin to 16.34% from 13.86% in the corresponding quarter last year.

Segment Performance

Ratnamani Metals & Tubes operates in three main segments:

1. Steel Tubes and Pipes: This segment remained the primary revenue generator, contributing ₹1,061.76 crore to the total revenue.
2. Bearing Rings: The bearing rings segment reported revenue of ₹77.26 crore.
3. Pipe Spools and Auxiliary Support Systems: This segment, although smaller, showed promising growth with revenue of ₹12.60 crore.

Financial Position

As of June 30, Ratnamani Metals & Tubes reported:

The company maintains a strong balance sheet, positioning it well for future growth opportunities.

Conclusion

Ratnamani Metals & Tubes has demonstrated resilience and operational excellence in Q1. Despite the marginal decrease in revenue, the significant improvement in profitability and EBITDA margin highlights the company's effective cost management and operational strategies. As the company continues to navigate market dynamics, its diverse segment portfolio and strong financial position provide a solid foundation for sustained performance.