India · Delayed Price · Currency is INR Ratnamani Metals & Tubes Earnings Call Transcripts
Fiscal Year 2026
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Q4 and FY26 sales declined YoY due to weak demand and geopolitical issues, but profitability and margins were sustained, supported by strong subsidiary growth. FY27 guidance targets INR 4,800–5,000 crores revenue, with margin stability and growth expected as market conditions normalize.
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Consolidated Q2 sales grew 23% YoY, driven by strong subsidiary performance and robust export demand, despite subdued domestic markets. Multiple expansion projects and product innovations are underway, with a consolidated revenue target of INR 7,000-7,500 crore in 2-3 years.
Fiscal Year 2025
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Q4 and FY 2025 saw record sales and improved margins, driven by high-value-added products and strong subsidiary performance. The order book stands at INR 2,100 crore, with 5%-10% volume growth and 16%-18% EBITDA margin targeted for FY 2026. Expansion projects and a Saudi JV are set to boost future growth.
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Q2 FY25 saw revenue of INR 917 crores and EBITDA of INR 168 crores, with margins expanding due to a favorable export mix and lower input costs. Order backlog is robust at over INR 2,900 crores, and annual growth of 8–10% is expected, driven by strong export demand and new capacity additions.