Ratnamani Metals & Tubes Q2 FY26 Earnings Conference Call Transcript
Ratnamani Metals & Tubes' Q2 FY26 earnings call reveals strong sales growth, commissioning of Orissa plant's Phase-I, and expansion in Saudi Arabia, with subsidiaries RTL and RFSS showing robust performance.
The information could influence investor decisions due to the detailed financial results and strategic updates, but the impact is contained due to the lack of immediate material events.
The announcement discusses strong financial performance, expansion projects, and positive future outlook, indicating a positive sentiment.
* Ratnamani Metals & Tubes held an investor conference call on November 10, 2025, to discuss the unaudited financial results for the second quarter and half-year ended September 30, 2025. * Sales stood at ₹940 crore on a standalone basis (5% increase YoY) and ₹1,191 crore on a consolidated basis (23% growth YoY). * EBITDA margins are expected to be in the range of 16% to 18% due to focus on operational efficiency and cost control. * Phase-I of the Orissa plant was commissioned, with Phase-II expected to be commissioned in the next quarter. * The Kutch plant received API monogram certification from the American Petroleum Institute. * RTL achieved a revenue of ₹95.6 crore, a 40% growth YoY, with improved EBITDA margins from 9% to 13%. * Ratnamani Finow Spooling Solutions (RFSS) achieved a revenue of ₹110 crore during the quarter, with a revenue guidance of ₹300 crore plus for the full year. * The company acquired the remaining 40% equity stake in Ratnamani Trade EU. * The Saudi Arabia subsidiary received Commercial Registration, with stainless-steel manufacturing plant activities to begin in January. * The company booked carbon steel orders worth ₹750 crore in the domestic market, taking the total order to ₹1,100 crore. * By the end of first quarter of next year, RFSS INR 500 crore complete can be executed. * Management expects to reach revenues of anywhere between ₹700 crore to ₹750 crore for RTL, and another ₹600 crore to ₹700 crore for RFSS. On a consolidated basis, all put together ₹7,500 crore in next two to three years is what we can look at with, say, mid-teens or a little higher mid-teens margin.
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