Q4FY21 Result Update - Ratnamani Metals and Tubes - ICICI Direct

Ratnamani Metal and Tubes (RMTL) reported an operationally healthy performance for Q4FY21 wherein robust EBITDA margins were the key highlight of the quarter. EBITDA margin for Q4FY21 was at 22.8% compared to 18.3% in Q3FY21 and 15.4%in Q4FY20, notably higher than our estimate of 15.7%. Overall, RMTL's performance was higher than our estimate on all fronts. For Q4FY21, RMTL reported a net income from operations of Rs. 696.1 crore (up 57% QoQ), higher than our estimate of Rs. 664 crore. Stainless sales volume was at 5792 tonnes (up 16% QoQ), higher than our estimate 5750 tonnes while carbon steel sales volume was at 63511 tonnes (up 93% QoQ), higher than our estimate of 47500 tonnes. EBITDA came in at Rs. 158.8 crore (up 96% QoQ, 64% YoY), higher than our estimate of Rs. 104 crore. Ensuing PAT for Q4FY21 was at Rs. 109.4 crore (up 82% QoQ, 62% YoY), higher than our estimate of Rs. 75 crore.

For details, click on the link below: Link to the report

Shares of RATNAMANI METALS & TUBES LTD. was last trading in BSE at Rs.2008.1 as compared to the previous close of Rs. 2006.1. The total number of shares traded during the day was 5090 in over 934 trades.

The stock hit an intraday high of Rs. 2066.1 and intraday low of 2002.65. The net turnover during the day was Rs. 10311690.

Source : Equity Bulls

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