Ratnamani Metals rises after order win

Ratnamani Metals & Tubes rose 0.87% to Rs 2,200 after the company received various orders aggregating to Rs 144 crore.

The order is to supply stainless steel pipes and carbon steel pipes for oil & gas sector. The said order is to be executed in three to eight months.

Ratnamani Metals & Tubes is engaged in providing total piping solutions to a diverse range of industries.

On a consolidated basis, the company posted a 1.4% rise in net profit to Rs 50.4 on a 9% decline in net sales to Rs 526 crore in Q1 FY22 over Q1 FY21.

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