Rama Steel reports 42% YoY upgrade in steel sales in Q2 

 
Rama Steel Tubes said it recorded sales of 50,921.67 tonnes in Q2 FY25, up 42% as compared to sales of 35,780.327 tonnes in Q2 FY24.
On a sequential basis, the volume is higher by 36%. Sales volume for Q1 FY25 stood at 37,365.55 tonnes in Q1 FY25.
The company has recorded sales of 88,287.22 tonnes in H1 FY25 as against 84,218.01 tonnes in H1 FY24, registering a growth of 5% over the same period last year.
Rama Steel Tubes is engaged in the business of manufacturing steel pipes and related products.
The company reported a 10% decline in consolidated net profit in Q1 FY25 at Rs 6.36 crore as against Rs 7.07 crore in Q1 FY24. Revenue from operations declined 30.7% year-on-year to Rs 216.64 crore during the quarter ended June 30, 2024.
The stock is currently trading at Rs 13.84 on BSE, down 3.22%.