Ratnamani Metals and Tubes Ltd consolidated Q2FY23 profit climbs to Rs. 98.77 crores

Ratnamani Metals & Tubes Limited has reported Consolidated financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 909.9722 crores during the period ended September 30, 2022 as compared to Rs. 985.3742 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 98.7784 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 86.8327 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 14.09 for the period ended September 30, 2022 as compared to Rs. 12.40 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 909.9722 crs	₹985.3742 crs	-7.65%
Net Profit	₹98.7784 crs	₹86.8327 crs	13.76%
EPS	₹14.09	₹12.40	13.63%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 909.9722 crores during the period ended September 30, 2022 as compared to Rs.720.8921 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.98.7784 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.71.5237 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.14.09 for the period ended September 30, 2022 as compared to Rs.10.21 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 909.9722 crs	₹720.8921 crs	26.23%
Net Profit	₹98.7784 crs	₹71.5237 crs	38.11%
EPS	₹14.09	₹10.21	38.00%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.1895.3464 crores during the 6 Months period ended September 30, 2022 as compared to Rs.1254.7421 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.185.6111 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.121.9199 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.26.49 for the 6 Months period ended September 30, 2022 as compared to Rs.17.40 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹1895.3464 crs	₹1254.7421 crs	51.05%
Net Profit	₹185.6111 crs	₹121.9199 crs	52.24%
EPS	₹26.49	₹17.40	52.24%

Shares of Ratnamani Metals & Tubes Limited was last trading in BSE at Rs. 1919.10 as compared to the previous close of Rs. 1921.75. The total number of shares traded during the day was 1019 in over 431 trades.

The stock hit an intraday high of Rs. 1942.25 and intraday low of 1909.65. The net turnover during the day was Rs. 1959274.00.

Source : Equity Bulls

Keywords

RatnamaniMetalsandTubes Q2FY23 H1FY23 ResultUpdate