Ratnamani Metals & Tubes Ltd's Q3FY19 standalone net profit rises 37.2% yoy to Rs63cr

The company’s standalone revenue in the quarter stood at Rs729cr, up 36% yoy but down 0.3% qoq.

Jan 30, 2019 06:01 IST India Infoline Research Team

Ratnamani Metals & Tubes Ltd Q3FY19

Standalone Results Q3FY19: (in Rs cr)

Q3FY19 YoY (%)
Revenue 729 36.0
EBITDA 101 26.0
EBITDA Margin (%) 13.9 [110]
Net Profit (adjusted) 63 37.2
***EBITDA margin change is bps

Ratnamani Metals and Tubes Ltd reported strong earnings growth in Q3FY19. Revenue for the quarter rose 36% yoy to Rs729cr. EBITDA stood at Rs101cr, up 26% yoy. EBIDTA margin fell 110bps yoy to 13.9%. Net profit stood at Rs63cr for Q3FY19, up 37.2%.
  • Raw material costs moved higher on a yoy basis in Q3FY19, with gross margins falling 324bps qoq to 30.6%.
  • Finance costs rose slightly by 11.9% yoy to Rs3.8cr due to higher production activity in the quarter.
  • Results for the wind segment stood at:
    • Revenue – Rs2.8cr, down 28.2% yoy
    • EBIT – loss of Rs0.4cr, against a profit of Rs0.9cr

Technical View:

Ratnamani Metals & Tubes Ltd ended at Rs904, up 17.55 points, or 1.98%, from its previous close of Rs886.45 on the BSE. The scrip opened at Rs857.20 and touched a high and low of Rs908.50 and Rs850, respectively. A total of 4,857 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200-DMA.

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