Integrated Filing — IndAS



General information about company

Scrip Code 539309
NSE Symbol RAMASTEEL
MSEI Symbol NOTLISTED
ISIN INE230R01035
Name of company RAMA STEEL 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 14-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 06-11-2025
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 Standalone
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 14-11-2025   15:30:00
End date and time of board meeting 14-11-2025   18:30:00
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
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 14-11-2024
Indicate Company website link for updated RPT policy of the Company https://ramasteel.com/assets/pdf/annual/94/RELATED%20PARTY%20TRANSACTION%20POLICY.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
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 Standalone Standalone
1 Income
Revenue from operations 27,915.20 52,181.76
Other income 283.72 1,382.38
Total income 28,198.92 53,564.14
2 Expenses
(a) Cost of materials consumed 19,395.18 35,118.24
(b) Purchases of stock-in-trade 7,455.35 15,366.62
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 11.98 (30.49)
(d) Employee benefit expense 155.80 315.03
(e) Finance costs 159.59 341.91
(f) Depreciation, depletion and amortisation expense 103.88 223.90
(f) Other Expenses
1 Other Expenses 522.31 985.49
Total other expenses 522.31 985.49
Total expenses 27,804.09 52,320.70
3 Total profit before exceptional items and tax 394.83 1,243.44
4 Exceptional items 0.00 0.00
5 Total profit before tax 394.83 1,243.44
6 Tax expense
7 Current tax 102.10 316.29
8 Deferred tax 8.58 (1.58)
9 Total tax expenses 110.68 314.71
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 284.15 928.73
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 284.15 928.73
17 Other comprehensive income net of taxes 0.87 1.74
18 Total Comprehensive Income for the period 285.02 930.47
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 16,360.41 16,360.41
Face value of equity share capital 1 1
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 0.02 0.06
Diluted earnings (loss) per share from continuing operations 0.02 0.06
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 0.02 0.06
Diluted earnings (loss) per share from continuing and discontinued operations 0.02 0.06
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



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 Standalone
Assets
1 Non-current assets
Property, plant and equipment 4,111.21
Capital work-in-progress 343.06
Investment property 402.65
Goodwill 2,804.75
Other intangible assets 1.11
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 1,669.60
Trade receivables, non-current 0.00
Loans, non-current 3,427.42
Other non-current financial assets 108.86
Total non-current financial assets 5,205.88
Deferred tax assets (net) 0.00
Other non-current assets 150.29
Total non-current assets 13,018.95
2 Current assets
Inventories 4,352.75
Current financial asset
Current investments 0.00
Trade receivables, current 13,632.56
Cash and cash equivalents 8,918.80
Bank balance other than cash and cash equivalents 0.00
Loans, current 0.00
Other current financial assets 13.06
Total current financial assets 22,564.42
Current tax assets (net) 0.00
Other current assets 16,225.76
Total current assets 43,142.93
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 56,161.88
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 16,360.41
Other equity 24,981.12
Total equity attributable to owners of parent 41,341.53
Non controlling interest
Total equity 41,341.53
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 171.80
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 145.42
Total non-current financial liabilities 317.22
Provisions, non-current 93.21
Deferred tax liabilities (net) 252.84
Deferred government grants, Non-current 0.00
Other non-current liabilities 0.00
Total non-current liabilities 663.27
Current liabilities
Current financial liabilities
Borrowings, current 7,177.35
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 2,367.83
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 3,820.18
Total Trade payable 6,188.01
Other current financial liabilities 36.27
Total current financial liabilities 13,401.63
Other current liabilities 191.67
Provisions, current 34.16
Current tax liabilities (Net) 529.62
Deferred government grants, Current 0.00
Total current liabilities 14,157.08
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 14,820.35
Total equity and liabilites 56,161.88
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 Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Manufacturing - Steel Pipe 14,246.63 30,591.44
2 Trading- Steel Pipe & Steel Products 13,668.57 21,590.32
Total Segment Revenue 27,915.20 52,181.76
Less: Inter segment revenue 0.00 0.00
Revenue from operations 27,915.20 52,181.76
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Manufacturing - Steel Pipe 241.26 163.05
2 Trading- Steel Pipe & Steel Products 29.44 39.91
Total Profit before tax 270.70 202.96
i. Finance cost 159.59 341.90
ii. Other Unallocable Expenditure net off Unallocable income (283.72) (1,382.38)
Profit before tax 394.83 1,243.44
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Manufacturing - Steel Pipe 28,662.43 28,662.43
2 Trading- Steel Pipe & Steel Products 27,499.45 27,499.45
Total Segment Asset 56,161.88 56,161.88
Un-allocable Assets 0.00 0.00
Net Segment Asset 56,161.88 56,161.88
4 Segment Liabilities
Segment Liabilities
1 Manufacturing - Steel Pipe 7,563.62 7,563.62
2 Trading- Steel Pipe & Steel Products 7,256.73 7,256.73
Total Segment Liabilities 14,820.35 14,820.35
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 14,820.35 14,820.35
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 Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of the Defined Benefit Plans to Employees 116000 233000
2 Net change in fair values of investment in equity shares carried at fair value through OCI 0 0
Total Amount of items that will not be reclassified to profit and loss 1.16 2.33
2 Income tax relating to items that will not be reclassified to profit or loss 0.29 0.59
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 0.00 0.00
5 Total Other comprehensive income 0.87 1.74



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 Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1,243.44
Adjustments for reconcile profit (loss)
Adjustments for finance costs 341.91
Adjustments for decrease (increase) in inventories 648.15
Adjustments for decrease (increase) in trade receivables, current 3,200.47
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 0.00
Adjustments for other financial assets, current 586.72
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (6,404.18)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 223.90
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 13.35
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (0.26)
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 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (1,416.64)
Net cash flows from (used in) operations (173.20)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 38.60
Other inflows (outflows) of cash 21.55
Net cash flows from (used in) operating activities (190.25)
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 50.88
Other cash payments to acquire interests in joint ventures 564.76
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 232.07
Purchase of property, plant and equipment 126.73
Proceeds from sales of investment property 0.00
Purchase of investment property 87.82
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 13.35
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (48.19)
Net cash flows from (used in) investing activities (531.20)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 9,314.50
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 212.03
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 0.00
Interest paid 341.91
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 9,184.62
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 8,463.17
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 8,463.17
Cash and cash equivalents cash flow statement at beginning of period 455.63
Cash and cash equivalents cash flow statement at end of period 8,918.80





Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 21-05-2025
Amount Raised 8,750.00
Report filed for Quarter ended 30-09-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable Brickwork Ratings India Private Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review
Comments of the auditors, if any
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Support the expansion of business way of acquisition of business entity in India or Abroad Not Applicable 87.50 0.00 0.00 0.00


Signatory Details

Name of signatory Vikas Sharma
Designation of person Company Secretary and Compliance Officer
Place New Delhi
Date 14-11-2025




Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Rama Steel Tubes Limited Mrs.Kumud Bansal Relative of Director Any other transaction Payment of Rent 20.00 NA 7.56 0.00 0.00
2 Rama Steel Tubes Limited M/s Virinder Engineering and Chemicals Pvt. Ltd. Other Related Party Sale of goods or services 27.50 NA 0.00 0.00 0.00
3 Rama Steel Tubes Limited Mr. Naresh Kumar Bansal Managing Director Any other transaction Loan Taken 5,000.00 NA 2,712.86 496.73 3,209.59
4 Rama Steel Tubes Limited Mr. Nikhil Bansal Relative of Director Remuneration 15.00 NA 4.88 0.00 0.00
5 Rama Steel Tubes Limited Ms. Anju Gupta Independent Director Any other transaction Director sitting fees 0.00 NA 0.50 0.00 0.00
6 Rama Steel Tubes Limited Mr. Jai Prakash Gupta Independent Director Any other transaction Director sitting fees 0.00 NA 0.50 0.00 0.00
7 Rama Steel Tubes Limited Mr. Naresh Kumar Bansal Managing Director Remuneration 80.00 NA 30.00 0.00 0.00
8 Rama Steel Tubes Limited Mr. Richi Bansal Whole Time Director and Chief Executive Officer (WTD & CEO) Remuneration 80.00 NA 30.00 0.00 0.00
9 Rama Steel Tubes Limited Mr. Hari Shanker Singh Executive Director Remuneration 10.00 NA 1.89 0.00 0.00
10 Rama Steel Tubes Limited Mr. Rajeev Kumar Agarwal Chief Financial Officer Remuneration 30.00 NA 10.88 0.00 0.00
11 Rama Steel Tubes Limited Mr. Vikas Sharma Company Secretary Remuneration 18.00 NA 1.54 0.00 0.00
12 Rama Steel Tubes Limited M/s Lepakshi Tubes Pvt. Ltd Wholly Owned Subsidiary Purchase of goods or services 2,500.00 NA 0.00 0.00 0.00
13 Rama Steel Tubes Limited M/s RST International Trading FZE, Dubai Wholly Owned Subsidiary Sale of goods or services 7,150.00 NA 0.00 0.00 0.00
14 Rama Steel Tubes Limited M/s RST International Trading FZE, Dubai Wholly Owned Subsidiary Any other transaction Any other 2,200.00 NA 28.79 293.38 335.26
15 Rama Steel Tubes Limited M/s RST Industries Limited Step Down Subsidiary Sale of goods or services 5,500.00 NA 0.00 0.00 0.00
16 Rama Steel Tubes Limited M/s Lepakshi Tubes Pvt. Ltd Wholly Owned Subsidiary Loan 2,500.00 NA (1,897.22) 3,648.75 1,873.23
17 Rama Steel Tubes Limited M/s Lepakshi Tubes Pvt. Ltd Wholly Owned Subsidiary Interest received 500.00 NA 121.71 0.00 0.00
18 Rama Steel Tubes Limited M/s Ashoka Infrasteel Subsidiary 51% Purchase of goods or services 550.00 NA 0.00 0.00 0.00
19 Rama Steel Tubes Limited M/s Ashoka Infrasteel Subsidiary 51% Sale of goods or services 2,200.00 NA 0.00 0.00 0.00
20 Rama Steel Tubes Limited M/s Oram Green Energy Ltd Associate Loan 15.00 NA 0.43 6.22 6.65
21 Rama Steel Tubes Limited M/s Oram Green Energy Ltd Associate Interest received 5.00 NA 0.23 0.00 0.00
22 Rama Steel Tubes Limited M/s Oram Green Energy Ltd Associate Investment 25.00 NA 0.00 20.00 20.00
23 Rama Steel Tubes Limited M/s Rama Defence Pvt. Ltd. Wholly Owned Subsidiary Investment 5.00 NA 1.00 0.00 1.00
24 Rama Steel Tubes Limited Mr. Nikhil Bansal Relative of Director Loan 5.00 NA (0.08) 0.04 0.00
25 Rama Steel Tubes Limited Mr. Richi Bansal Whole Time Director and Chief Executive Officer (WTD & CEO) Loan 5.00 NA 0.13 0.00 0.13
26 Rama Steel Tubes Limited M/s Ravi Developers Pvt. Ltd. Enterprises significantly influenced by KMP and their relatives Loan 5.00 NA (0.01) 0.00 0.00
27 Rama Steel Tubes Limited Mr. Saurabh Shaswat (W.e.f. Sept 10, 2024) Independent Director Any other transaction Director sitting fees 0.00 NA 0.50 0.00 0.00
28 Rama Steel Tubes Limited Mr. Richi Bansal Whole Time Director and Chief Executive Officer (WTD & CEO) Any other transaction Payment of Rent 25.00 NA 9.00 0.00 0.00
29 Rama Steel Tubes Limited Sympoh Merchants Pvt Ltd Other Related Party Sale of goods or services 15.00 NA 0.27 0.00 0.00
30 Rama Steel Tubes Limited Mr. Manish Kumar Company secretary till 12.08.2025 Remuneration 0.00 NA 5.19 0.00 0.00
Total value of transaction during the reporting period 1,070.55