Rama Steel Tubes Ltd - 539309 - Shareholder Meeting / Postal Ballot-Outcome of Postal Ballot
RAMASTEEL : Rama Steel Tubes Limited has submitted the Exchange a copy Scrutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results. Rama Steel Tubes Ltd - 539309 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Rama Steel Tubes Limited has informed the Exchange about Copy of Newspaper Publication of Un-Audited Financial Results for the quarter and nine months ended on December 31, 2023. Q3FY24 Quarterly & 9MFY24 Result Announced for Rama Steel Tubes Ltd.
Iron & Steel Products company Rama Steel Tubes announced Q3FY24 results: Q3FY24 Financial Performance: Total Revenue: The company reported a total revenue, including other income, of Rs 2,641.67 million, marking a QoQ increase of 29.20%. Total Sales Volume: Rama Steel Tubes reached a total sales volume of 46,919.80 metric tons, which is a 31.11% increase compared to the previous quarter. EBIDTA: The EBIDTA stood at Rs 191.97 million, witnessing a 42.26% increase in QoQ. PAT Margin: The Profit After Tax (PAT) Margin, including Other Comprehensive Income (OCI), reached Rs 86.61 million, a significant QoQ rise of 93.93%. 9MFY24 Financial Performance: Total Revenue: In a nine-month comparison, the total revenue decreased by 17.64% to Rs 7821.43 million. Total Sales Volume: Sales volume saw a slight decline of 0.52%, totaling 1,31,138 metric tons. EBIDTA: The EBIDTA for the nine months increased by 39.34% compared to the previous year, amounting to Rs 498.31 million. PAT Margin: Net profit including OCI observed an 8.43% increase year-over-year, totaling Rs 200.07 million. Business Strategy and Updates: Rama Steel Tubes decided to rescind the proposed Scheme of Arrangement for amalgamating Lepakshi Tubes Private Limited with Rama Steel Tubes Limited, prioritizing separate operations for competitive advantage. The company experienced warrant forfeiture from "The Great International Tusker Fund" due to non-receipt of due amount, resulting in 16,55,760 warrants being forfeited. Forfeited amount of Rs 316.25 Lakh was transferred to "Capital Reserve" under Other Equity. After warrant conversion into equity shares, 36,00,000 Equity Shares were allotted on October 11, 2023, along with bonus shares to the warrant holders. Richi Bansal, Executive Director, said, "RSTL has delivered steady growth in India volumes despite the volatile operating environment. In 9MFY24, Sales volumes are almost unchanged as compared to 9MFY23. In Q3FY24, Sales volumes and revenue increased respectively by 31.11% and 29.20% as compared to Q2FY24 however in Q3FY24, sales volume declined YoY due to the 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 by 12-13% from the peak levels. Due to wide raw material price fluctuations, Revenues in value terms declined by 17.64% during 9MFY24 as compared to 9MFY23. EBIDTA has increased by 25.69% and 39.34% respectively during Q3FY24 and 9MFY24 on YoY basis." Result PDF Rama Steel Tubes Ltd - 539309 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Rama Steel Tubes Limited has informed the Exchange regarding a press release dated February 14, 2024. Rama Steel Tubes Ltd - 539309 - Un-Audited Financial Results (Both Standalone And Consolidated) Of The Company For The Quarter And Nine Months Ended December 31, 2023 Along With The Limited Review Report
Un-audited Financial Results (both Standalone and Consolidated) of the Company for the quarter and nine months ended December 31, 2023 along with the Limited Review Report Rama Steel Tubes Ltd - 539309 - Board Meeting Outcome for Rama Steel Tubes Limited Has Informed The Exchange Regarding Board Meeting Outcome Held On February 14, 2024.
Rama Steel Tubes Limited has informed the Exchange regarding Board meeting Outcome held on February 14, 2024. Rama Steel Tubes Ltd - 539309 - Board Meeting Intimation for To Consider And Approve The Financial Results For The Period Ended December 31, 2023 And Other Business Matters
Rama Steel Tubes Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/02/2024 ,inter alia, to consider and approve To consider and approve the financial results for the period ended December 31, 2023 and other business matters. Rama Steel Tubes Ltd - 539309 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Rama Steel Tubes Limited has informed the Exchange about Copy of Newspaper Publication Rama Steel Tubes Ltd - 539309 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Rama Steel Tubes Limited has informed the Exchange regarding Notice of Postal Ballot Rama Steel Tubes Ltd - 539309 - Rama Steel Tubes Limited Has Informed The Exchange Regarding ''Bonus Issue And Other Matters''.
Rama Steel Tubes Limited has informed the Exchange regarding ''Bonus Issue and other matters''.