Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Regulatory filing of unaudited financial results under SEBI LODR Regulations

Audit Opinion:

Clean review opinion from Kantilal Patel & Co. (ICAI Firm registration number: 104744W). No modifications or qualifications.

Key Financial Highlights [₹ in Lakhs]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹1,10,440.36 (YoY: +17.6% from ₹93,956.27 in Q2 FY26)
  • Total Income: ₹1,14,062.84
  • Net Profit: ₹7,957.96 (YoY: -26.4% from ₹10,819.02 in Q2 FY26)
  • EPS: ₹11.36 (Basic), ₹11.32 (Diluted)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹1,84,518.19 (YoY: -7.8% from ₹2,00,196.46 in H1 FY26)
  • Total Income: ₹1,90,683.89
  • Net Profit: ₹13,364.20 (YoY: -47.2% from ₹25,314.96 in H1 FY26)
  • EPS: ₹19.07 (Basic), ₹19.02 (Diluted)

Financial Position (Standalone as of September 30, 2026):

  • Cash and Cash Equivalents: ₹2,407.44 lakhs (decreased from ₹6,553.62 lakhs as of March 31, 2026)
  • Total Debt: Not separately specified in liabilities
  • Other Equity: ₹4,14,832.12 lakhs (increased from ₹4,06,666.08 lakhs as of March 31, 2026)

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹1,34,750.77 (YoY: +13.1% from ₹1,19,168.54 in Q2 FY26)
  • Total Income: ₹1,37,852.54
  • Net Profit: ₹13,334.28
  • Net Profit attributable to owners: ₹10,156.28 (YoY: -25.4% from ₹13,622.36 in Q2 FY26)
  • EPS: ₹14.49 (Basic), ₹14.45 (Diluted)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹2,31,914.02 (YoY: -1.0% from ₹2,34,330.58 in H1 FY26)
  • Total Income: ₹2,36,774.93
  • Net Profit: ₹24,036.80
  • Net Profit attributable to owners: ₹18,372.69 (YoY: -31.5% from ₹26,804.80 in H1 FY26)
  • EPS: ₹26.21 (Basic), ₹26.15 (Diluted)

Financial Position (Consolidated as of September 30, 2026):

  • Cash and Cash Equivalents: ₹6,288.34 lakhs (decreased from ₹7,390.20 lakhs as of March 31, 2026)
  • Total Borrowings: ₹35,430.61 lakhs (₹24,446.99 non-current + ₹10,982.62 current)
  • Other Equity: ₹4,22,831.52 lakhs (increased from ₹4,09,660.69 lakhs as of March 31, 2026)

Segment-wise Performance [₹ in Lakhs]:

Consolidated Quarter Ended September 30, 2026:

  • Steel Tubes and Pipes: Revenue ₹1,12,173.95, Segment Result ₹8,273.75
  • Bearing Rings: Revenue ₹9,861.10, Segment Result ₹733.48
  • Pipe Spools and Auxiliary Support Systems: Revenue ₹15,695.65, Segment Result ₹8,230.52

Consolidated Half Year Ended September 30, 2026:

  • Steel Tubes and Pipes: Revenue ₹1,88,955.24, Segment Result ₹14,128.37
  • Bearing Rings: Revenue ₹19,595.72, Segment Result ₹1,558.77
  • Pipe Spools and Auxiliary Support Systems: Revenue ₹27,659.02, Segment Result ₹14,328.69

Corporate Actions:

No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced.

Other Significant Information:

Acquisition: The company acquired 75% equity shares (75 shares) of Ratnamani Middle East Company LLC (RMEC) at SAR 20,000 per share (aggregate SAR 1,500,000) on June 23, 2026, making it a subsidiary.

Exceptional Items: In FY26, the company recognized an incremental liability of ₹1,039.57 lakhs towards gratuity and compensated absences due to statutory impact of New Labour Codes notified on November 21, 2025.

Entities in Consolidation:

1. Ratnamani Metals and Tubes Limited (Holding Company)

2. Ratnamani Inc. (Wholly Owned subsidiary)

3. Ravi Technoforge Private Limited (Subsidiary)

4. Ratnamani Finow Spooling Solutions Private Limited (Subsidiary)

5. Ratnamani Trade EU AG (Wholly Owned Subsidiary)

6. Ratnamani Middle East Pipes Trading - L.L.C. - O.P.C (Wholly Owned Subsidiary)

7. Ratnamani Middle East Company L.L.C (Subsidiary from June 23, 2026)

Cash Flow Highlights (Consolidated H1 FY27):

  • Net cash used in operating activities: ₹(21,138.33) lakhs
  • Net cash from investing activities: ₹18,893.18 lakhs
  • Net cash used in financing activities: ₹(1,086.96) lakhs
  • Primary cash outflows: Working capital changes (inventory and receivables increase)
  • Primary cash inflows: Sale of current investments