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Nomura Singapore Ltd. Picks up stake in Rama Steel Tubes Ltd

17 Jun-2022 20:29 PM

By: FirstIndia

New Delhi: Rama Steel Tubes Limited (RSTL) (BSE: 539309, NSE: RAMASTEEL), a pioneer and leading manufacturer in the steel tube industry, has announced Excellent Results for the quarter and year ended 31 March 2022. As per bulk deal data available on NSE, Nomura Singapore Ltd. picked up 100000 shares at an average price of Rs. 371 on 15 June 2022.

Earlier this year, the company had announced excellent results for the year and quarter ended 31 March 2022. For the year ended 31 March 2022, Revenues went up 63% from Rs. 476.57 Cr (FY21) to Rs. 777.37 Cr (FY22). PAT zoomed 121 percent to Rs. 27.31 Cr (FY22). The company achieved a EBIDTA growth of 111.59% YoY, which stood at Rs. 51.75Cr (FY22) against Rs. 24.46 (FY21).

For the quarter ended 31 March 2022, the company recorded a robust growth on the Revenue front, which grew an impressive 74.68% YoY to Rs. 250.97 Cr (Q4FY22). EBITDA growth at 31.53% (YoY), which rose from Rs. 12.14 Cr (Q4FY21) to Rs. 15.97 Cr (Q4FY22). EPS stood at Rs. 4.42 (Q4FY22) as against Rs. 4.65 (Q4FY21).

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