ICICI Direct: Ratnamani Metals’ Performance Set To Improve, Going Forward
Titanium welded tubes by Ratnamani Metal and Tubes Ltd. (Source: Company website)

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

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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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