The board recommended issuing one new bonus equity share for every two existing fully paid up equity shares (1:2), subject to approval shareholders. The record date is fixed on 1 July 2022. The company announced its Q4 results yesterday, 18 May 2022. On a consolidated basis, net profit of Ratnamani Metals & Tubes rose 2.01% to Rs 111.63 crore on 39.94% rise in net sales to Rs 974.06 crore in Q4 March 2022 over Q4 March 2021. Profit before tax (PBT) rose 1.51% year-on-year to Rs 148.94 crore in Q4 March 2022. During the quarter, total expenses jumped 49.94% to Rs 805.53 crore. Cost of material consumed climbed 74.46% YoY to Rs 709.52 crore. The board also recommended a dividend of Rs 14 a share for the fiscal year 2022. Further, the board recommended seeking enabling resolution for the issuance of unsecured/secured redeemable non-convertible debentures/bonds (NCDs) by way of private placement for an amount not exceeding Rs 800 crore, in one or more tranches. It also recommended seeking enabling resolution for fund raising by way of further public offer/preferential issue/qualified institutional placement and/or any other mode of equity shares to the extent not exceeding Rs 800 crore. Ratnamani Metals & Tubes provides critical tubing and piping solutions to diverse range of industries & niche markets. Powered by Capital Market - Live News
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.