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Rama Steel Tubes Ltd - 539309 - Board Meeting Intimation for Bonus Issue And Consideration Of Proposal Of Acquisition.

 Rama Steel Tubes Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/11/2022 ,inter alia, to consider and approve Rama Steel Tubes Limited has informed the Exchange about Board Meeting to be held on 18-Nov-2022 to consider the following proposals: a.) issuance of fully paid bonus equity shares to the members of the Company and other allied activities; b.) to consider the proposal related to acquisition of companies. The aforesaid proposals, if approved by the Board, will be subject to the approval of the shareholders. Further, the trading window pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, shall remain closed till 48 hours after the public announcement of outcome of Board meeting scheduled to be held on November 18, 2022.
14-11-2022
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Q2FY23 Quarterly Result Announced for Rama Steel Tubes Ltd.

 Rama Steel Tubes announced Q2FY23 results: Q2FY23 consolidated: Total revenue of Rs 3,500.79 million for Q2FY23 showing robust growth of 78.64% as against Rs 1,959.66 million in Q2FY22 Total sales volume of 48,774.67 MT for Q2FY23 showing impressive growth of 82.89% as against 26,668.58 MT in Q2FY22 EBIDTA stood Rs 109.96 million in Q2FY23 against Rs 121.84 million in Q2FY22 PAT margin (including OCI) stood Rs 55.72 million in Q2FY23 against Rs 69.71 million in Q2FY22 H1FY23 consolidated: Total revenue of Rs 5,937.01 million for H1FY23 showing robust growth of 75.37% as against Rs 3,385.44 million in HIFY22 Total sales volume of 78,608.63 MT for H1FY23 showing an impressive growth of 68.33% as against 46,698.18 MT in HIFY22 EBIDTA stood Rs 209.14 million in HIFY23 against Rs 242.99 million in HIFY22 PAT margin (including OCI) stood Rs 104.32 million in HIFY23 against Rs 139.96 million in HIFY22 Commenting on performance: "We have reported a strong H1FY23 with the growth in revenue from operations being 75.37% and growth in sales volume of 68.33% on a Y-o-Y basis. There is growth in demand of our products having the highest level of quality and our ability to cater the needs of all our customers on timely basis. The announcement of huge government projects like UPPCL, Jal Shakti Abhyaan in the infrastructure sector & various public sector projects has boosted demand for our products significantly. We are also in process of entering into certain niche segments like supply of steel pipes and tubes to City Gas Distribution and solar energy power generation units. We plan to dedicate at least 25% of our production capacity of 3,00,000 MT to cater to the demand of the Government sector in the coming years, which is having an EBITA margin of 9%-10%, thereby significantly improving our overall margins. From the facility, in the process of being set up, in Nigeria, we have already signed purchase agreement of 15,000 MT p.a. for supply of specialty steel from Huihai Group Ltd, Hong Kong. The potential market size for specialty steel in Nigeria is 50,000 MTPA and we are happy to cater almost 1/3rd of the total market size. On the expansion front, we are in process of modernization of our plant located at Sahibabad, Uttar Pradesh with a major goal of de-bottlenecking operations; which will result in increasing our yield per tonne of finished products. The 1st phase of this modernization is expected to be completed by Q3 of the Fiscal Year 2023. Our efforts of backward integration at our plant in Anantpur District, Andhra Pradesh wherein we are in process of cold rolling and galvanizing steel sheets will lead to in-house raw material support of 50,000 MT in the upcoming years. With the expansion of Khopoli plant by 30,000 MT and the setting up of a facility in Nigeria by our step-down subsidiary, we expect our total capacity to increase to 3,00,000 MT by end of FY23. Further to this, we are in process of adding 10 SKUs to our repertoire on a monthly basis, projecting a total of 700 SKUs being produced in period of 2 years. This will strengthen our relationships with distributors by offering a complete range of products and make RSTL one of the leading suppliers of steel pipes and tubes in the forthcoming years. Moreover, our recent efforts at backward integration are expected to reduce dependency on external raw material suppliers. Further, even in such a difficult market, we were able to procure large orders and expect to procure more of such orders." Result PDF
14-11-2022
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Rama Steel Tubes Ltd - 539309 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

 Rama Steel Tubes Limited has informed the Exchange about press release dated 12-Nov-2022 for declaration of Financial Results.
12-11-2022
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Rama Steel Tubes Ltd - 539309 - Financial Results For The Quarter Ended 30 SEPTEMBER 2022.

 RAMA STEEL HAS INFORMED THE EXCHANGE ABOUT THE STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 SEPTEMBER 2022.
12-11-2022
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Rama Steel Tubes Ltd - 539309 - Board Meeting Outcome for Outcome Of Board Meeting Held On 12 November 2022.

 Rama Steel Tubes Limited has informed the Exchange about Board Meeting held on 12-Nov-2022 to consider standalone and consolidated financial statements for the period ended September 2022.
12-11-2022
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Rama Steel Tubes Ltd - 539309 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 Rama Steel Tubes Limited has informed the Exchange about Schedule of Earning Conference Call to be held on November 15, 2022.
11-11-2022
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Rama Steel Tubes Ltd - 539309 - Board Meeting Intimation for Notice Of Board Meeting.

 Rama Steel Tubes Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/11/2022 ,inter alia, to consider and approve Rama Steel Tubes Limited has informed the Exchange about Board Meeting to be held on 12-Nov-2022 to consider unaudited financial results for the period ended September 2022.
02-11-2022
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Rama Steel Tubes Ltd - 539309 - Clarification On Price Movement

 With reference to your letter having Reference No. L/SURV/ONL/PV/SR/ 2022-2023/2787 dated November 1, 2022 regarding clarification on price movement, we hereby submit that the Company has always disclosed, to the stock exchange, all the material information, which has a bearing on the operations/ performance of the company including all necessary disclosures in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ''Listing Regulations'') within the stipulated time. We hereby further submit that we are not aware of the reason of significant movement in the price of our shares. The movement in the share price is purely market driven and may be combination of various factors including market conditions. We would like to reiterate that the Company has always and will continue to adhere to the compliances required under the Listing Regulations and other applicable laws. The above clarification may please be taken on record.
02-11-2022
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Rama Steel Tubes Ltd - 539309 - Clarification sought from Rama Steel Tubes Ltd

 The Exchange has sought clarification from Rama Steel Tubes Ltd on November 1, 2022 with reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded.The reply is awaited.
01-11-2022
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Rama Steel Tubes Ltd - 539309 - Statement Of Investor Complaints For The Quarter Ended September 2022

 No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0000 Name of the Signatory :- Arpit SuriDesignation :- Company Secretary and Compliance Officer
18-10-2022
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