Ratnamani Metals & Tubes Reports Strong Q2 FY26 Results, Completes Key Acquisitions
Ratnamani Metals & Tubes reported strong Q2 FY26 standalone and consolidated profit and revenue growth, alongside key corporate actions including a subsidiary acquisition and strategic partnership adjustments.
The positive financial results indicate strong operational performance. The strategic corporate actions, including increasing control over a subsidiary and establishing a new one, are important for future growth. However, the dilution of stake in Ravi Technoforge, despite strategic reasons, and the new subsidiary not yet commencing operations, temper the immediate high impact.
The company demonstrated significant growth in both standalone and consolidated revenue and net profit for Q2 FY26. Strategic corporate actions, such as making Ratnamani Trade EU AG a wholly-owned subsidiary and the structured investment in Ravi Technoforge Private Limited, further contribute to a positive outlook.
Ratnamani Metals & Tubes Limited announced its unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2025. The Board of Directors approved these results at their meeting held on November 7, 2025, following review by the Audit Committee on November 6, 2025. The trading window for dealing in company securities will re-open after 48 hours of the publication of these results.
Key financial highlights for Q2 FY26 (quarter ended September 30, 2025) include: * Standalone Revenue from Operations increased to ₹93,956.27 lakh (₹939.56 crore) from ₹89,750.89 lakh (₹897.51 crore) in Q2 FY25. * Standalone Net Profit rose to ₹10,819.02 lakh (₹108.19 crore) from ₹10,246.30 lakh (₹102.46 crore) in Q2 FY25. * Consolidated Revenue from Operations significantly increased to ₹1,19,168.54 lakh (₹1,191.69 crore) from ₹97,132.91 lakh (₹971.33 crore) in Q2 FY25. * Consolidated Net Profit jumped to ₹15,604.48 lakh (₹156.04 crore) from ₹9,935.35 lakh (₹99.35 crore) in Q2 FY25.
During the quarter, the company undertook several strategic corporate actions: * On September 18, 2025, a Master Amendment Agreement was executed with Ravi Technoforge Private Limited (RTL) and its shareholders. This agreement modified terms related to future option rights and shareholding, ensuring the company's stake in RTL does not exceed 75% and existing shareholders' stake remains above 25%. The company subscribed to 30,48,669 equity shares of RTL for ₹3,048.67 lakh (₹30.49 crore) via a Rights Offer, resulting in its shareholding being 75.00%, diluted from 80.017%. * The company acquired 40,000 equity shares (40% of share capital) of Ratnamani Trade EU AG from Technoenergy AG for EURO 4,00,000 (approximately ₹3.56 crore), making it a wholly-owned subsidiary effective September 24, 2025. * A new subsidiary, "Ratnamani Middle East Company, LLC," was incorporated in Dammam, Kingdom of Saudi Arabia, though it has not yet commenced operations or received investment. * "Ratnamani Foundation," a Section 8 Company, was incorporated in collaboration with two subsidiaries for CSR activities.
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