Ratnamani Metals & Tubes Limited — Investor Meet, 13-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Ratnamani Metals & Tubes delivered strong Q2 FY26. Consolidated sales grew 23% YoY to ₹1,191 Cr, while standalone sales hit ₹940 Cr. Management aims to maintain 16-18% EBITDA by focusing on operational efficiency.

Key highlights: Orissa plant Phase-I commissioned; secured first hydrogen-compliant pipe order for Europe. Subsidiaries RTL and RFSS shine: RTL sales grew 40% to ₹95.6 Cr, and RFSS achieved ₹110 Cr revenue with a ₹500 Cr nuclear order book. RFSS capacity is set to double, targeting ₹600-650 Cr revenue. Saudi SS plant activities begin January. Multiple expansions signal robust long-term growth towards ₹7,500 Cr consolidated revenue.