Rama Steel Tubes Limited (RSTL) is a pioneer and leading manufacturer in the steel tube industry., today announced its sales volume performance for the quarter ending March 31, 2022. The Company registered a sales volume of 35,872 ton in Q4FY22 compared to 23,962 ton in Q4FY21 and 24,373 ton in Q3FY22. With respect to value added products, growth in Q4FY22 Sales Volume of 8097 ton vs 5327 ton in Q4 FY21 (+52% YoY).
This highlights RSTL's strength in maintaining its dominant leadership in structural steel tube market. RSTL's strategy is to constantly de-commoditize its product portfolio in coming years.
We are encouraged to see strong sales growth in value added products segments which should drive company's margins going forward.
Shares of Rama Steel Tubes Limited was last trading in BSE at Rs. 353.35 as compared to the previous close of Rs. 337.10. The total number of shares traded during the day was 67588 in over 1618 trades.
The stock hit an intraday high of Rs. 353.95 and intraday low of 340.75. The net turnover during the day was Rs. 23768258.00.