Ratnamani Metals Q4 Review - Ebitda Margin Surprises Positively: ICICI Direct

Sections of steel pipes stacked in rows in Germany. (Photograph: Alex Kraus/Bloomberg).

Ratnamani Metals Q4 Review - Ebitda Margin Surprises Positively: ICICI Direct

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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 Metal and Tubes Ltd. reported an operationally healthy performance for Q4 FY21 wherein robust Ebitda margin was the key highlight of the quarter.

Ebitda margin for Q4 FY21 was at 22.8% compared to 18.3% in Q3 FY21 and 15.4%in Q4 FY20, notably higher than our estimate of 15.7%.

Overall, the company’s performance was higher than our estimate on all fronts.

For Q4 FY21, the company reported a net income from operations of Rs 696.1 crore (up 57% QoQ), higher than our estimate of Rs 664 crore.

Click on the attachment to read the full report:

ICICI Direct Ratnamani Q4FY21 Result Update.pdf

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