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ICICI Direct: Ratnamani Metals’ Performance Set To Improve, Going Forward

ICICI Direct: Ratnamani Metals’ Performance Set To Improve, Going Forward

Titanium welded tubes by Ratnamani Metal and Tubes Ltd. (Source: Company website)
Titanium welded tubes by Ratnamani Metal and Tubes Ltd. (Source: Company website)

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ICICI Direct Report

Ratnamani Metals and Tubes Ltd. Q2 FY21 performance came in marginally below our estimates.

The performance was below our estimates primarily on the back of lower than expected sales volumes.

Carbon steel sales volume came in at 55,989 tonne (down 4% QoQ, up 10% YoY), lower than our estimate of 61,250 tonne.

Stainless steel sales volume was at 5,256 tonne (down 10% YoY, up 31% QoQ), lower than our estimate of 5,775 tonne.

Click on the attachment to read the full report:

ICICI Direct Ratnamani Q2FY21 Result Update.pdf

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