MoneyWorks4Me

Ratnamani Metals reports 27% rise in Q2 net profit

17 Nov 2011 Evaluate

Ratnamani Metals & Tubes has reported results for the second quarter ended September 30, 2011.

The company’s net profit for the second quarter of the current fiscal rose by 26.73% at Rs 23.47 crore as compared to Rs 18.52 crore for the quarter ended September 30, 2010. The company’s income from operations have increased by 75.46% to Rs 308.83 crore for the second quarter of 2011-12 from Rs 176.01 crore for the corresponding quarter of 2010-11.

EPS of the company has increased by 30.92% and reached to Rs 10.88 for the first half of the current fiscal as compared to Rs 8.31 in the corresponding half year of the previous financial year.

Ratnamani Metals is into manufacture of high end application products which are used in wide range of core industries and it is upbeat about the domestic demand from power, line pipes in oil and gas, petrochemicals and fertilizers.

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
View more..