Ratnamani Metals & Tubes Limited — PPTs, 07-08-2026: Investor Presentation

Ratnamani Metals & Tubes navigated a challenging Q1 2026-27.

**Business Performance:** Consolidated revenue decreased to ₹971.63 Crore (from ₹1,151.62 Crore YoY), with profit after tax (PAT) at ₹107.03 Crore (from ₹127.13 Crore). Standalone operations were impacted by lower government infrastructure spending, subdued demand, and under-absorbed fixed costs. However, strong performance from subsidiaries like Ravi Technoforge (RTL) and Ratnamani Finow Spooling Solutions (RFSS) provided significant support to consolidated results.

**Growth Drivers or Strategy:** The company's diversified business model and focus on enhanced manufacturing capabilities are key. It holds a robust order book exceeding ₹2000 Crore, indicating future potential.

**Recent Developments:** Ratnamani completed an external coating facility at its Odisha plant and a new HSAW manufacturing unit at the Kutch plant. RFSS is significantly expanding its capacity from 1,400 MT to 4,000 MT annually, expected to commence commercial production in Q4. RTL also increased its capacity by 20% and commissioned a 9 MW solar power plant.

**Key Financial Metrics:** Consolidated Q1 revenue was ₹971.63 Crore, with PAT at ₹107.03 Crore. The order book stands at over ₹2000 Crore.

**Management Commentary / Outlook:** CEO Manoj Sanghvi noted a challenging quarter due to lower government spending and geopolitical issues. Despite this, he conveyed confidence in long-term growth, citing encouraging export growth, improving enquiry levels, and continued momentum in subsidiary businesses.