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Ratnamani Metals & Tubes Ltd Q1FY24; 55% rise in Profits

Ratnamani Metals & Tubes Ltd is engaged in the manufacturing of stainless steel pipes and tubes and carbon steel pipes from its manufacturing facilities in India.

Financial Results:

Ratnamani Metals & Tubes Ltd reported Revenues for Q1FY24 of ₹1,175.00 Crores up from ₹977.00 Crore year on year, a rise of 20.27%.

Total Expenses for Q1FY24 of ₹1,003.00 Crores up from ₹870.00 Crores year on year, a rise of 15.29%.

Consolidated Net Profit of ₹135.00 Crores up 55.17% from ₹87.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹19.10, up 54.16% from ₹12.39 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Steel
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