Ratnamani Metals & Tubes (520111) Q4 24/25 earnings summary

Executive summary

• Achieved highest-ever sales in Q4 and FY 2025, with Q4 standalone sales at INR 1,575 crore, up 11% year-over-year, and consolidated turnover at INR 1,715 crore for Q4 and INR 5,186 crore for the year.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, were approved, with auditors issuing an unmodified opinion.

• Board recommended a final dividend of INR 14 per share (700%) for FY 2024-25, subject to shareholder approval at the AGM.

• Several key appointments were made, including secretarial, internal, and cost auditors for the upcoming year.

• Annual growth was 1% despite muted first nine months due to soft metal prices and project delays.

Financial highlights

• Consolidated revenue from operations for FY 2024-25 was ₹5,18,647.39 lakhs, up from ₹5,05,909.63 lakhs year-over-year.

• Consolidated net profit for FY 2024-25 was ₹62,510.05 lakhs, compared to ₹54,157.04 lakhs in FY 2023-24.

• Gross profit and EBITDA margin improved by 3% and 2% in Q4 year-over-year; full-year gross profit margin at 34%.

• EBITDA declined marginally by 1% for the year.

• Earnings per share (EPS) for FY 2024-25: Standalone ₹82.46, Consolidated ₹89.18.

Outlook and guidance

• Order book as of March 31 at INR 2,100 crore (55% export, 45% domestic), executable in 4-5 months.

• Volume growth guidance for FY 2026 is 5%-10%, with EBITDA margin expected between 16%-18%.

• Spooling business targets INR 350+ crore revenue and 20% EBITDA margin in FY 2026.

• Board recommended enabling resolution for issuance of NCDs/Bonds up to ₹500 crores via private placement, subject to shareholder approval.

• Ravi Technoforge aims for INR 350+ crore sales and 14% EBITDA margin.