Ratnamani Metals & Tubes Ltd (BOM:520111)

Q2 2026 Ratnamani Metals and Tubes Ltd Earnings Call Transcript

Nov 10, 2025 / 10:30 AM GMT

Release Date Price: ₹2435.15 (+1.06%)

Transcript

Key Points

Positve

Ratnamani Metals & Tubes Ltd (BOM:520111) reported a strong performance for Q2 FY26 with a 23% growth in consolidated sales compared to the previous year.
The company successfully commissioned phase one of its Orissa plant, with phase two expected to be completed in the next quarter.
Ratnamani Metals & Tubes Ltd achieved a significant milestone by pioneering the supply of hydrogen-compliant carbon steel welded pipes to Europe.
The Kutch plant received the National Award of Excellence in Energy Management, highlighting the company's commitment to energy efficiency.
Subsidiaries RPL and RFSS showed strong performance, with RPL achieving a 40% revenue growth and RFSS gaining traction in the nuclear power plant segment.

Negative

The domestic market remains subdued, with revenue growth being modest due to softer input prices and product mix.
There is margin pressure in the carbon steel line pipes segment, particularly in the water sector, due to subdued demand.
The company faces challenges in the U.S. market due to high tariffs and anti-dumping duties, limiting their supply of large diameter pipes.
Working capital requirements may increase if the company books more orders in the water industry, which has longer payment cycles.
There is uncertainty regarding potential tariffs and quota reductions in Europe, which could impact the company's stainless steel exports.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RMT.NS - Ratnamani Metals and Tubes Ltd
Q2 2026 Ratnamani Metals and Tubes Ltd Earnings Call
Nov 10, 2025 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Ratna Money Metals and Tube Limited Q2 FY26 earnings conference call. As a reminder, all participant lines will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing then 0 on your touchstone phone. Please note that this conference has been recorded. I now hand the conference over to Mrs. Sahil Sangwe.

Thank you and over to you, sir.

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Unidentified_2 [2]
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