Q2 2025 Ratnamani Metals and Tubes Ltd Earnings Call Transcript
Key Points
- Ratnamani Metals & Tubes Ltd (BOM:520111) reported an EBITDA margin expansion in Q2, attributed to a better export product mix and lower input prices.
- The company has a strong order backlog of approximately INR2,900 crore as of November 1, indicating robust future demand.
- Ratnamani Metals & Tubes Ltd is investing in specialized and high value-added products, including a new cold finishing project outside India, with an estimated project cost of USD40 million.
- The company has commissioned a project for manufacturing heavy-thickness pipes, enhancing its product offerings for specialized applications.
- Ratnamani Metals & Tubes Ltd is setting up an eight-megawatt captive solar power plant, expected to be commissioned in the next four to five months, which will contribute to sustainable energy use.
- The company anticipates a dip in revenue due to soft metal prices and delays in some projects and offtake at the end customers' end.
- Demand in the domestic oil and gas projects and CGD business is expected to remain muted in the near future.
- The company's plants are operating at only 50% to 60% utilization, with particularly low demand for ERW pipes.
- Ratnamani Metals & Tubes Ltd faces increased competition in the stainless steel seamless segment, with new manufacturers entering the market.
- The company experienced a significant increase in inventory of finished goods and work in progress, attributed to project delays, which could impact margins.
Ladies and gentlemen, good day, and welcome to the Ratnamani Metals & Tubes & Limited Q2 FY25 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, Dorvin. Good evening to everyone. On behalf of Monarch Networth Capital we welcome you all for the 2Q and first half FY25 earnings call of Ratnamani Metals & Tubes. We are delighted to host the management of Ratnamani. And from their side, we have Mr. Manoj Sanghvi, Chief Executive Officer; and Mr. Vimal Katta, Chief Financial Officer. So without taking much time, I'll hand over the call to Mr. Manoj Sanghvi for their opening remarks. Thank you, and over to you, Manoj sir.
Thank you, Sahil. Good evening, everyone. I welcome you
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