Ratnamani Metals & Tubes (520111) Q1 26/27 earnings summary

Executive summary

• Q1 2026-27 saw lower standalone profitability due to subdued demand and reduced government infrastructure spending, but subsidiaries delivered strong growth, supporting consolidated results.

• Consolidated revenue from operations for Q1 FY27 was ₹1,08,482.25 lakh, up from ₹97,163.25 lakh in the previous quarter.

• Net profit attributable to owners for Q1 FY27 stood at ₹8,216.41 lakh, with total comprehensive income at ₹10,681.28 lakh.

• Major capacity expansions were completed, including a new HSAW pipe facility in Kutch and an external coating plant in Odisha, enhancing future growth prospects.

• The group acquired a 75% stake in Ratnamani Middle East Company LLC during the quarter, making it a subsidiary effective June 23, 2026.

Financial highlights

• Consolidated revenue from operations rose to ₹1,151.62 crore in Q1 2026-27 from ₹971.63 crore year-over-year.

• Consolidated EBITDA increased to ₹218.44 crore (19.0% margin) from ₹179.79 crore (18.5%).

• Consolidated PAT grew to ₹127.13 crore from ₹107.03 crore year-over-year.

• Profit before tax for Q1 FY27 was ₹13,740.52 lakh, compared to ₹15,403.46 lakh in the previous quarter and ₹17,578.12 lakh in Q1 FY26.

• Earnings per share (EPS) for Q1 FY27 was ₹11.72 (basic), compared to ₹14.94 in the previous quarter.

Outlook and guidance

• Management remains confident in long-term growth, citing enhanced manufacturing capabilities, a strong order pipeline, and improving enquiry levels across key markets.

• The company continues to focus on growth through strategic acquisitions and operational efficiency.