Professional Documents
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Bnuh
August L0,2076
Department
Corporate Services
National Stock Exchange of India Ltd
Exchange Plaza, Bandra Kurla Complex,
Bandra(E), Mumbai - 400
NSE Symbol: RAMASTEEL
051
f Madam,
We are enclosing herewith Media Release, pursuant to Regulation 30(6) of the Securities
and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015.
Kindly take the same on record.
Thanking you,
FoT RAMA STEET TUBES
LIMITED
ffim
(I(APIL DATTAJ
fr){Y!*)
COMPANY SECRETARY
Works:B-21,8-25/1, SlfeNo.4lndustrialArea,Sahibabad(U.P.)
Ph.:0120-4569788
'-(
Bnuh
AN ISO 9001 :2008 CO.
Media Release
L4O%
Fii#ltutait
QI'fY17
Q1.FY15
Net Sales
65.61
52.90
24%
EBITDA
5.18
2.L4
L42%
PAT
2.6L
0.48
444%
YoY
Yq
Management Comments:
Commenting on the results, Mr. Richi Bansal, CEO, Rama Steel Tubes Ltd said:
"l om happy to share thot this quorter's performonce hos been in line with our expectations. We
demonstroted o good improvement in our morgins, moinly on occount of lower logistics costs ond
ope rotiona I efficie ncies setti n g i n.
Our copocity utilizotion across our plonts has increased. Our Khopoli unit thot we set up lost yeor,
reached olreody reached full copocity in the lost couple of months. This hos enabled us to double its
copocity reoching 72,000 MT. This unit coters to the high growth morkets of Mohoroshtra ond
Gujarat.
Aro.
Going
Southern lndid. We olso plon to venture in value odded products like. Pre-Galvanized Tubes, thot we
expect to do well enobling us to eorn incremental morgins."
!
Revenue from operations stands at Rs. 65.61 crore in Q1FY17, as against Rs. 52.90 crore in the
EBTTDA
Rs. 2.1-4
EBITDA
margin at7.9OYo, an improvement of over 390 basis points YoY mainly on account of
Profit After Tax stands at Rs. 2.61 crore in Q1FY17 as against Rs. 0.48 crore in Q1FY16, YoY
growth o1444%
Recent Developments:
The Company commenced its second production line at their plant in Khopoli, Maharashtra,
adding an additional of 36,000 MT to the existing capacity. The total installed capacity of the
Khopoli plant now stands at 72,000 MT
The manufacturing unit at Khopoli has been the first venture of Rama Steel outside of North
lndia. The Unit 1 at Khopoli started production in June-20l5 with a capacity of 36,000 MT. The
production achieved in the first nine months of operations ending FY2OLG was 22,000 MT
resulting in over 80 percent utilization. The total capex for Unit 1 was Rs. 7 crore
Unit 2 has an installed capacity of 36,000 MT with the total cost of Rs. 5 crore. The total capex
for both units (including land cost) has been Rs 12 crore
The Khopoli plant is very strategically located, servicing the key high growing markets of
Maharashtra, South Gujarat, North Karnataka and Madhya Pradesh. These units offer an
increased rdnge of diverse and value added products (eg Pre-Galvanized Tubes) and enable the
Company to bring down the logistics cost, positively impacting realizations and profitability
(r-e5.
w
4 -/'-.--\
'7
/ .\'\'
Nr,,)i'1.\,
omongst others. The Company hos robust exports, which currently contribute to -15% of revenues
ond spreod ouoss 76 countries.
Mr.
Richi
Bansol
CEO
Romo Steel Tubes
Savli Mongle
/Amit Shormo
enonr, +9L-22-4L200439
Note: Certoin stotements in this document moy be forword-looking stotements. Such forwordlooking stotements ore subject to certoin risks and uncertainties like regulotory changes, locol
politicol or economic developments, ond many other foctors thot could couse our octuol results to
differ moteriolly from those contemploted by the relevont forword-looking stotements. Further, post
performonce is not necessarily indicotive of future results. Given these risks, uncertainties qnd other
risk foctors, viewers ore coutioned not to ploce undue relionce on these forword looking stotements.
Omkar Speciolity Chemicols Ltd will not be in any way responsible for ony oction token bosed on such
stotements ond undertokes no obligotion to publicly updote these forward-looking stotements to
reflect subsequent events or circumstonces.