Ratnamani Metals 2007-08 turnover up by 47.94% YoY

Saturday, 21 Jun 2008

Gujarat based Ratnamani Metals & Tubes Limited has posted a record turnover growth of 47.94% YoY for 2007-08 fiscal at INR 845 crore as against INR 571.25 crore in 2006-07 fiscal.

2007-08 fiscal also saw it posting record export turn over including supplies to special economic zones for a total value of INR 386.80 crore which is about 45.75% of gross turnover. Net profit after tax at INR 90.03 crore is higher by 40.27% YoY as against INR 64.18. It has also declared a dividend of 70% to its shareholders.

The order books position of Ratnamani Metals is INR 600 crore including export order of INR 150 crore. The main product categories of Ratnamani are carbon steel and stainless steel.