Ratnamani metals & tubes Limited has received an Environmental, Social, and Governance (ESG) rating from NSE Sustainability Ratings & Analytics Limited. The company disclosed this development to stock exchanges on January 9, 2026, pursuant to regulatory requirements under SEBI listing obligations.

ESG Rating Details

The rating assignment represents a significant milestone in the company's sustainability journey. Key details of the ESG rating are presented below:

The rating was communicated to the company via BSE email on January 8, 2026, at approximately 16:18 hours IST. This voluntary assessment reflects the company's commitment to transparency in sustainability reporting and corporate governance practices.

Assessment Methodology

NSE Sustainability Ratings & Analytics Limited based their evaluation on comprehensive data sources to ensure accuracy and reliability. The rating methodology incorporated multiple information streams:

• Business Responsibility and Sustainability Report (BRSR) for FY 2024-25
• Publicly available information in the domain
• Corporate disclosures and regulatory filings
• Sustainability performance metrics

This multi-faceted approach ensures that the ESG rating reflects a holistic view of the company's environmental, social, and governance performance across various operational parameters.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was sent to both major stock exchanges where the company's shares are listed:

• BSE Limited (Company Code: 520111)
• National Stock Exchange of India Limited (Company Code: RATNAMANI)

The ESG rating information has been made available on the company's official website at www.ratnamani.com , ensuring transparency and accessibility for all stakeholders. This disclosure demonstrates the company's adherence to regulatory frameworks and commitment to maintaining high standards of corporate governance.

Market Implications

ESG ratings have become increasingly important for investors and stakeholders in evaluating corporate performance beyond traditional financial metrics. The voluntary nature of this rating assignment indicates Ratnamani Metals & Tubes' proactive approach toward sustainability reporting and stakeholder engagement. Such ratings typically influence investment decisions, particularly among institutional investors who prioritize sustainable and responsible investment practices.

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.