anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

Technology . Transparency . Trust

MARKET

Hot Pursuit
Rama Steel Tubes spurts after robust sales in Q2FY23
04-Oct-2022 15:09
This is the highest quarterly sales volume reported by the company.

The sales volume for H1FY23 jumped 68% YoY to 78,608.63 ton compared to 46,698.18 ton in the same period last year.

The company added that in H2FY23, the sales volume would get further boost from commissioning and ramp-up of new capacity expansion at Khopoli Plant, Maharashtra.

Rama Steel Tubes (RSTL) is a leading manufacturer in the steel tube industry. Its products range includes MS ERW black pipes from 15mm to 200mm diameter pipes confirming to IS: 1239, IS:1161, IS:3589, IS:3601, & IS:4210 and G.I. Pipes from 15mm to 150mm NB in light; medium and heavy sizes. RSTL has 20% exports rate, with a global presence in more than 16 countries.

On a consolidated basis, net profit of Rama Steel Tubes declined 40.42% to Rs 4.23 crore on 73.55% surge in net sales to Rs 240.02 crore in Q1 June 2022 over Q1 June 2021.

Powered by Capital Market - Live News

Attention Investor
As per CDSL communiqué Kindly update your Email ID, Mobile Number & Income Range in CDSL demat Account on or before 31st May 2021, Non Compliance Account will be INACTIVE after 31st May 2021. | Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors.  | "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account." | "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."    Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of Investors.