Invest
27 Years
4.4 Star
1 Crore +
Iron & Steel Products company Rama Steel Tubes announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Total Revenue including other Income amounted to Rs 2,686.86 crore.
- Total Sales Volume for Q4FY24 stood at 47,506.68 MT.
- EBIDTA for Q4FY24 reached Rs 139.68 crore.
- PAT Margin for Q4FY24 was Rs 76.42.
FY24 Financial Highlights:
- Total Revenue including other Income for FY24 amounted to Rs 10,508.30 crore.
- Total Sales Volume for FY24 stood at 1,78,644.50 MT.
- EBIDTA for FY24 reached Rs 644.19 crore.
- PAT Margin for FY24 was Rs 299.97.
Richi Bansal- Executive Director said that RSTL has delivered steady growth in India volumes despite the volatile operating environment. In FY24, Sales volumes is down by 10% as compared to FY23. Sales volume declined YoY due to de-stocking of material in the expectation of correction in prices. In the first two months of Q4FY24, the global steel prices had suddenly fallen down by 12-13% from the peak levels.
Due to wide raw material price fluctuations, Revenues in value terms declined by 21.70% during the FY24 as compared to FY23. EBIDTA has increased by 7.57% during FY24 on YoY basis.
Net profit has increased by 9.39% during FY24 on YoY basis as compared to FY23.
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