Ratnamani Metals & Tubes (520111) Q1 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for Q1 FY2024-25 were reviewed and approved by the Board on August 13, 2024.

• The results include the impact of a new subsidiary, Ratnamani Finow Spooling Solutions Private Limited, acquired in November 2023.

Financial highlights

• Consolidated revenue from operations for Q1 FY2024-25 was ₹118,369.67 lakh, up from ₹111,018.61 lakh in Q1 FY2023-24.

• Consolidated net profit for Q1 FY2024-25 was ₹10,588.15 lakh, compared to ₹13,485.90 lakh in Q1 FY2023-24.

• Standalone revenue for Q1 FY2024-25 was ₹111,032.82 lakh, with net profit at ₹10,525.50 lakh.

• Earnings per share (EPS) for Q1 FY2024-25 (consolidated) was ₹15.11, down from ₹19.24 in Q1 FY2023-24.

Outlook and guidance

• The results for Q1 FY2024-25 are not directly comparable to Q1 FY2023-24 due to the inclusion of the new subsidiary.