Ratnamani Metals - Ebitda Margin Surprises Positively In Q3: ICICI Direct 
Sections of steel pipes stacked in rows in Germany. (Photograph: Alex Kraus/Bloomberg)

Ratnamani Metals - Ebitda Margin Surprises Positively In Q3: ICICI Direct 


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ICICI Direct Report

Ratnamani Metals and Tubes Ltd. reported operationally good set of Q3 FY21 numbers.

For the quarter, topline came in line with our estimates while Ebitda and profit after tax came in higher than our estimates.

Healthy operational performance was on the back of better-than-expected sales volumes from the stainless steel division (higher margin segment). This aided the company to report healthy Ebitda margins for the quarter.

For Q3 FY21, the company reported a net income from operations of Rs 441 crore, broadly in line with our estimate of Rs 448 crore.

Click on the attachment to read the full report:

ICICI Direct Ratnamani Q3FY21 Result Update.pdf


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