Ratnamani Metals & Tubes rose 2.19% to Rs 1,199.90 on BSE after the company announced that it has received two orders aggregating to Rs 190 crore in carbon steel division for the supply of coated CS pipes for oil and gas sector.
The order is to be completed between December 2020 to June 2021. The announcement was made on Saturday, 5 September 2020.
On a consolidated basis, the company posted a 20.7% fall in net profit to Rs 49.71 crore on a 1.6% decline in net sales to Rs 578.07 crore in Q1 June 2020 over Q1 June 2019.
Ratnamani Metals & Tubes is engaged in providing total piping solutions to a diverse range of industries.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app