Rama Steel Tubes Ltd. records Highest ever Q4FY22 Sales Volume; up 50% YoY

Mumbai (Maharashtra) [India], April 7: Rama Steel Tubes Limited (RSTL) (BSE: 349309, NSE: RAMASTEEL), a pioneer and leading manufacturer in the steel tube industry., today announced its sales volume performance for the quarter ending March 31, 2022. The Company registered a sales volume of 35,872 ton in Q4FY22 compared to 23,962 ton in Q4FY21 and 24,373 ton in Q3FY22.

With respect to value added products, growth in Q4FY22 Sales Volume of 8097 ton vs 5327 ton in Q4 FY21 (+52% YoY). This highlights RSTL’s strength in maintaining its dominant leadership in structural steel tube market. RSTL’s strategy is to constantly de-commoditize its product portfolio in coming years. We are encouraged to see strong sales growth in value added products segments which should drive company’s margins going forward.

Rama Steel Tubes Limited (RSTL) is a pioneer and leading manufacturer in the steel tube industry. RSTL has been continuously striving to improve its performance by increasing sales, share of value-added products, innovating new products and aggressive cost optimization on a continual basis. RSTL products range includes MS ERW black pipes from 15mm to 200mm diameter pipes confirming to IS: 1239, IS:1161, IS:3589, IS:3601, & IS:4270 and G.I. Pipes from 15mm to 150mm NB in light, medium and heavy sizes. RSTL has 20% exports rate, with a global presence in more than 16 Countries. RSTL has a subsidiary in UAE and a step-down subsidiary in Nigeria which has strengthened the company’s presence in global markets. RSTL has the world’s latest technology, plant and machinery, which also includes sophisticated testing equipment. RSTL has 4 state-of-art manufacturing capabilities located at Sahibabad (U.P.), Khopoli (Maharashtra) and Anantpur (Andhra Pradesh) and has got strong distributor network spread across India.

Leave a Reply

Your email address will not be published.

Business

Tedco Education Sets Up Its New Campus Goodrich Tedco School of Bakey Arts in Association with Goodrich Carbohydrates and Chef Sahil Mehta

May 21: Over the past few years, the food services industry has emerged as a critical segment of the Indian economy. In fact, this vibrant industry has witnessed rapid growth in the recent past, and experts suggest that it will continue to grow in the coming years. Looking at this growth opportunity, Tedco Education, a […]

Read More
Business

InkQuills Publishing House- An Evolutionary and Approachable Go-to Solution for Writer and Authors

May 21: InkQuills Publishing House is India’s fastest growing self-publishing house. They have published more than 100+ books and have helped more than 2000+ authors realize their potential. InkQuills has a global network for paperback and eBook distribution. Their worldwide reach helps you gather a vast readership and develop a fan base in more than […]

Read More
Business

2nd day of the Cinetalkies, Azadi ka Amrit Mahotsav hosted by Sanskar Bharti concludes with aspiring smiles

Moderator- Raviraj Pramani, Durga Jasraj,Anu Malik,Bharat Bala discussing about Bharatiya Cinema Sangeet. ~it was an experience in its own way, Cinetalkies the one-of-a-kind seminar gave us stories worth remembering and the future outlook of the cinema industry~ Mumbai, 21 th May 2022: Sanskar Bharti, one of the well-known organsiation working towards the promotion of Indian art and […]

Read More