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Rama Steel Tubes registers 12% fall in sales volume during Q3FY24

02 Jan 2024 Evaluate

Rama Steel Tubes has registered a sales volume of 46,919.80 Ton in Q3FY24 compared to 53,216.16 Ton in Q3FY23, a decline of 11.83% year on year (YoY). 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.

Rama Steel Tubes is a leading player engaged in the manufacturing and trading of Steel Tubes & Pipes and Rigid PVC (Poly Vinyl Chloride) & G.I. (Galvanised Iron) Pipes in India as well as in the world.

Rama Steel Tubes Share Price

5.93 0.28 (4.96%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

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