India · Delayed Price · Currency is INR Ratnamani Metals & Tubes Earnings Call Transcripts
Fiscal Year 2026
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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.