Ratnamani metals & tubes reports strong Q2 FY26 performance, strategic growth

Ratnamani Metals & Tubes Limited reported a strong Q2 FY26 performance, with consolidated sales reaching ₹1,191 crores, a 23% year-on-year increase, while standalone sales grew 5% to ₹940 crores. The company maintained stable profitability, achieving a consolidated EBITDA of ₹238.15 crores and profit after tax (PAT) of ₹156.04 crores. Standalone EBITDA stood at ₹173.69 crores and PAT at ₹108.19 crores.

Key operational highlights include the commissioning of Phase I of the Odisha Plant, pioneering hydrogen-compliant carbon steel pipes, and the Kutch Plant receiving API Monogram certification and the CII National Award for Excellence in Energy Management 2025. Subsidiaries Ravi Technoforge Private Limited and Ratnamani Finow Spooling Solutions Private Limited contributed significantly, with Technoforge achieving ₹95.6 crores revenue (40% growth) and Finow Spooling Solutions recording ₹110 crores, backed by strong order visibility.

The company also announced upcoming milestones, including the completion of the Odisha coating plant and Kutch CSAW plant expansion by December 2025, and increased spool manufacturing capacity by June 2026. These developments, along with the Saudi Arabia subsidiary's commenced activities for a stainless steel manufacturing facility, underscore Ratnamani's focus on resilient growth and diversified opportunities.