Rama Steel Tubes Ltd - Q3 FY24 and 9M FY24 update

Rama Steel Tubes Limited India's leading branded structural steel tube company, today have announced its sales volume performance for 9MFY24 and Q3FY24. The Company registered a sales volume of 46,919.80 Ton in Q3FY24 compared to 53,216.16 Ton in Q3FY23 and 35,780.33 Ton in Q2FY24.

For 9MFY24, the company reported sales volume of 1,31,138 Ton compared to 1,31,824 Ton in 9MFY23.

The Q3FY24 sales volume declined YoY due to de-stocking of material in the expectation of correction in prices. In the first two months of Q3FY24, the global steel prices had suddenly fallen down by 12-13% from the peak levels.

Source : Equity Bulls

Keywords

RamaSteelTubes Sales Volume PerformanceUpdate Q3FY24 9MFY24