Q4 2024 Ratnamani Metals and Tubes Ltd Earnings Call Transcript
Key Points
- Ratnamani Metals & Tubes Ltd (BOM:520111) achieved its best-ever performance for the third consecutive year, with consolidated revenues surpassing INR 5,100 crores and profits around INR 600 crores.
- The company has a strong order book of approximately INR 2,300 crores as of the beginning of the financial year.
- Ratnamani Metals & Tubes Ltd (BOM:520111) is investing in specialized products and improving efficiency and utilization, focusing on technology and infrastructure.
- The company is nearing the commissioning of a new expansion project for higher diameter pipes, which will enhance its product offerings.
- The subsidiary, Ravi Technoforge Private Limited, reported total revenue of INR 258 crores with an EBITDA margin of 11% and a net profit of INR 6.7 crores.
- The domestic oil and gas transmission line pipe and city gas distribution business remains muted and has yet to show signs of recovery.
- The company's carbon steel segment has seen a slowdown in order bookings, partly attributed to the election cycle and cyclical nature of the business.
- Utilization levels for some products in the carbon steel segment are as low as 50% to 55%, indicating underutilization of capacity.
- The company faces challenges in providing a clear segment-wise breakup of utilization levels due to the varied nature of its products.
- Ratnamani Metals & Tubes Ltd (BOM:520111) has not yet received orders from recent approvals, such as the LSAW approval from Saudi Aramco.
Ladies and gentlemen, good day, and welcome to Ratnamani Metals & Tubes Q4 FY '24 Earnings Conference Call hosted by Monarch Networth Capital.
(Operator Instructions)
Please note that this conference is being recorded.
I now hand the conference over to Mr. Sahil Sanghvi from Monarch Networth Capital. Thank you, and over to you, sir.
Thank you, Yousaf. So good evening to everyone. On behalf of Monarch Networth Capital, we welcome you all for the 4Q FY '24 earnings call of Ratnamani Metals & Tubes.
So we are delighted to host the management of Ratnamani. And from their side, we have Mr. Manoj Sanghvi, who is the Business Head of the Carbon Steel segment. And also Mr. Vimal Katta, who is the CFO.
So without taking much time, I hand over the call to Mr. Manoj Sanghvi for their opening remarks. Thank you, and over to you, Manoj, sir.
Thank you, Sahil
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