Integrated Filing — IndAS



General information about company

Scrip Code 520111
NSE Symbol RATNAMANI
MSEI Symbol NOTLISTED
ISIN INE703B01027
Name of company RATNAMANI METALS & TUBES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 07-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 30-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 07-11-2025   11:50:00
End date and time of board meeting 07-11-2025   16:10:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,19,168.54 2,34,330.58
Other income 2,690.91 5,720.03
Total income 1,21,859.45 2,40,050.61
2 Expenses
(a) Cost of materials consumed 56,869.33 1,35,444.84
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 15,834.44 7,921.14
(d) Employee benefit expense 9,040.52 17,731.51
(e) Finance costs 667.14 1,766.59
(f) Depreciation, depletion and amortisation expense 3,203.50 6,370.02
(f) Other Expenses
1 Other Expenses 16,300.10 33,293.97
Total other expenses 16,300.10 33,293.97
Total expenses 1,01,915.03 2,02,528.07
3 Total profit before exceptional items and tax 19,944.42 37,522.54
4 Exceptional items 0.00 0.00
5 Total profit before tax 19,944.42 37,522.54
6 Tax expense
7 Current tax 3,851.30 8,827.38
8 Deferred tax 488.64 377.20
9 Total tax expenses 4,339.94 9,204.58
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 15,604.48 28,317.96
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 15,604.48 28,317.96
17 Other comprehensive income net of taxes (49.96) (122.33)
18 Total Comprehensive Income for the period 15,554.52 28,195.63
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 13,622.36 26,804.80
Total profit or loss, attributable to non-controlling interests 1,982.12 1,513.16
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 13,544.24 26,669.60
Total comprehensive income for the period attributable to owners of parent non-controlling interests 2,010.28 1,526.03
21 Details of equity share capital
Paid-up equity share capital 1,401.84 1,401.84
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 19.43 38.24
Diluted earnings (loss) per share from continuing operations 19.43 38.24
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 19.43 38.24
Diluted earnings (loss) per share from continuing and discontinued operations 19.43 38.24
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1) The above consolidated financial results of Ratnamani Metals & Tubes Limited (the Holding Company) along with its subsidiaries (the Holding Company and its subsidiaries together referred to as the Group’) were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meetings held on November 06, 2025 and November 07, 2025 respectively. The financial results includes results of the following subsidiaries: 1. Ratnamani INC 2. Ravi Technoforge Private Limited 3. Ratnamani Finow Spooling Solutions Private Limited 4. Ratnamani Trade EU AG 5. Ratnamani Middle East Pipes Trading LLC OPC 2) During the quarter ended September 30, 2025, the Holding Company executed a Master Amendment Agreement dated September 18, 2025 to the earlier Share Subscription cum Purchase Agreement and Shareholders Agreement with Ravi Technoforge Private Limited (RTL) and its existing / selling shareholders, pursuant to which it was mutually agreed that the Holding Company’s shareholding in RTL shall not exceed 75% on a fully diluted basis. Accordingly, the change in shareholding from 80.017% to 75.00% has been recognised by re-measuring the non-controlling interest. 3) During the quarter ended September 30, 2025, the Holding Company acquired 40,000 (Forty Thousand) equity shares of Ratnamani Trade EU AG (RTEU), representing 40% of its issued, subscribed and paid-up equity share capital, from Technoenergy AG (minority shareholder) at a price of EUR 10 per share, for an aggregate consideration of EUR 4,00,000 (Euro Four Lakh Only). Consequently, with effect from September 24, 2025, RTEU has become a wholly-owned subsidiary of the Holding Company and the non-controlling interest has been derecognised and transferred to owner’s equity. 4) The Company has subscribed to 60% of the Equity Shares of Ratnamani Trade EU AG amounting to Rs.535.06 Lakhs on December 18, 2024. Consequently, the results for the quarter and half year ended on September 30, 2024 does not include the results of Ratnamani Trade EU AG and are not comparable to the quarter and half year ended on September 30, 2025. 5) The Company has subscribed to 100% of the Equity Shares of Ratnamani Middle East Pipe Trading LLC OPC amounting to Rs.11.44 Lakhs on October 01, 2024. Consequently, the results for the quarter and half year ended on September 30, 2024 does not include the results of Ratnamani Middle East Pipe Trading LLC OPC and are not comparable to the quarter and half year ended on September 30, 2025. 6) Key numbers of Standalone Financial Results of the Company for the quarter and half year ended September 30, 2025 are given in the PDF File. The Standalone Financial Results are available at the Company’s website www.ratnamani.com and on the website of the stock exchanges www.bseindia.com and www.nseindia.com. 7) CONSOLIDATED SEGMENT WISE REVENUE, RESULTS, ASSETS & LIABILITIES FOR THE QUARTER AND HALF YEAR ENDED ON SEPTEMBER 30, 2025, GIVEN IN THE PDF FILE.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 1,44,472.41
Capital work-in-progress 20,977.60
Investment property 0.00
Goodwill 1,863.97
Other intangible assets 278.47
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 8.72
Other non-current financial assets 22,187.96
Total non-current financial assets 22,196.68
Deferred tax assets (net) 268.49
Other non-current assets 7,266.30
Total non-current assets 1,97,323.92
2 Current assets
Inventories 1,22,040.65
Current financial asset
Current investments 63,776.83
Trade receivables, current 92,445.88
Cash and cash equivalents 2,861.97
Bank balance other than cash and cash equivalents 2,000.26
Loans, current 57.94
Other current financial assets 5,773.93
Total current financial assets 1,66,916.81
Current tax assets (net) 76.96
Other current assets 11,413.58
Total current assets 3,00,448.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 4,97,771.92
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,401.84
Other equity 3,85,757.84
Total equity attributable to owners of parent 3,87,159.68
Non controlling interest 5,954.67
Total equity 3,93,114.35
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 9,541.67
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 0.00
Total non-current financial liabilities 9,541.67
Provisions, non-current 266.36
Deferred tax liabilities (net) 8,424.28
Deferred government grants, Non-current 0.00
Other non-current liabilities 4,240.51
Total non-current liabilities 22,472.82
Current liabilities
Current financial liabilities
Borrowings, current 13,045.33
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,134.56
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 31,404.72
Total Trade payable 32,539.28
Other current financial liabilities 3,220.70
Total current financial liabilities 48,805.31
Other current liabilities 29,716.43
Provisions, current 628.53
Current tax liabilities (Net) 3,034.48
Deferred government grants, Current 0.00
Total current liabilities 82,184.75
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 1,04,657.57
Total equity and liabilites 4,97,771.92
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Steel Tubes and Pipes 98,571.40 2,04,747.03
2 Bearing Rings 9,559.72 17,285.94
3 Pipe Spools and Auxiliary Support Systems 11,037.42 12,297.61
Total Segment Revenue 1,19,168.54 2,34,330.58
Less: Inter segment revenue 0.00 0.00
Revenue from operations 1,19,168.54 2,34,330.58
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Steel Tubes and Pipes 14,972.90 32,491.29
2 Bearing Rings 983.73 1,581.77
3 Pipe Spools and Auxiliary Support Systems 3,282.73 2,829.00
Total Profit before tax 19,239.36 36,902.06
i. Finance cost 667.14 1,766.59
ii. Other Unallocable Expenditure net off Unallocable income (1,372.20) (2,387.07)
Profit before tax 19,944.42 37,522.54
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Steel Tubes and Pipes 4,14,355.43 4,14,355.43
2 Bearing Rings 46,483.68 46,483.68
3 Pipe Spools and Auxiliary Support Systems 36,932.81 36,932.81
Total Segment Asset 4,97,771.92 4,97,771.92
Un-allocable Assets 0.00 0.00
Net Segment Asset 4,97,771.92 4,97,771.92
4 Segment Liabilities
Segment Liabilities
1 Steel Tubes and Pipes 67,270.88 67,270.88
2 Bearing Rings 23,931.41 23,931.41
3 Pipe Spools and Auxiliary Support Systems 13,455.28 13,455.28
Total Segment Liabilities 1,04,657.57 1,04,657.57
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 1,04,657.57 1,04,657.57
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 83.34 166.66
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss (33.38) (44.33)
5 Total Other comprehensive income (49.96) (122.33)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 37,522.54
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0.00
Adjustments for decrease (increase) in inventories 28,559.01
Adjustments for decrease (increase) in trade receivables, current 37,554.69
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current (1,662.46)
Adjustments for other financial assets, current (144.83)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (13,776.26)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (10,573.21)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 6,370.02
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (508.69)
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 700.22
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (2,759.19)
Adjustments for dividend income 0.00
Adjustments for interest income 2,387.07
Adjustments for share-based payments 1,279.47
Adjustments for fair value losses (gains) 149.64
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 1,187.84
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 43,989.18
Net cash flows from (used in) operations 81,511.72
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 7,608.83
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 73,902.89
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 83.40
Purchase of property, plant and equipment 23,488.88
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 491.45
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (70,066.20)
Net cash flows from (used in) investing activities (92,980.23)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 2,041.73
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 8,139.49
Repayments of borrowings 0.00
Payments of lease liabilities 169.63
Dividends paid 9,812.88
Interest paid 912.35
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (713.64)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (19,790.98)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 131.23
Net increase (decrease) in cash and cash equivalents (19,659.75)
Cash and cash equivalents cash flow statement at beginning of period 22,521.72
Cash and cash equivalents cash flow statement at end of period 2,861.97