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.