Ratnamani Metals and Tubes Ltd consolidated Q2 FY2023-24 PAT jumps to Rs. 163.89 crores

Ratnamani Metals & Tubes Limited has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 1141.8880 crores during the period ended September 30, 2023 as compared to Rs. 1183.4404 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 163.8940 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 133.8560 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 23.45 for the period ended September 30, 2023 as compared to Rs. 19.24 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 1141.8880 crs	₹1183.4404 crs	-3.51%
Net Profit	₹163.8940 crs	₹133.8560 crs	22.44%
EPS	₹23.45	₹19.24	21.88%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 1141.8880 crores during the period ended September 30, 2023 as compared to Rs.909.9722 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.163.8940 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.98.7784 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.23.45 for the period ended September 30, 2023 as compared to Rs.14.09 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 1141.8880 crs	₹909.9722 crs	25.49%
Net Profit	₹163.8940 crs	₹98.7784 crs	65.92%
EPS	₹23.45	₹14.09	66.43%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.2325.3284 crores during the 6 Months period ended September 30, 2023 as compared to Rs.1895.3464 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.297.75 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.185.6111 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.42.69 for the 6 Months period ended September 30, 2023 as compared to Rs.26.49 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹2325.3284 crs	₹1895.3464 crs	22.69%
Net Profit	₹297.75 crs	₹185.6111 crs	60.42%
EPS	₹42.69	₹26.49	61.16%

Shares of Ratnamani Metals & Tubes Limited was last trading in BSE at Rs. 2823.90 as compared to the previous close of Rs. 2771.70. The total number of shares traded during the day was 2004 in over 543 trades.

The stock hit an intraday high of Rs. 2872.70 and intraday low of 2761.80. The net turnover during the day was Rs. 5643401.00.

Source : Equity Bulls

Keywords

RatnamaniMetalsandTubes Q2FY24 H1FY24 ResultUpdate