Ratnamani Q4 FY26 Profit Impacted by Lower Volumes

Ratnamani reported Q4 FY26 consolidated PAT of ₹92.9 crore, down from ₹224.74 crore YoY due to lower sales volumes and fixed cost under-absorption.
The company declared a dividend of ₹10 per share (500%) and maintains a debt-free standalone position with an order book of ₹1800+ crore.
Subsidiaries Ravi Technoforge and Ratnamani Finow Spooling contributed significantly, with RFSS holding an active order book of ₹400 crore.
Management cited challenging demand environment but noted improving enquiry levels and positive long-term industry outlook.