Ratnamani Metals & Tubes declined 2.95% to Rs 1,582 after the company's consolidated net profit tanked 40.5% to Rs 60.15 crore on 41.7% decline in net sales to Rs 440.79 crore in Q3 December 2020 over Q3 December 2019.
Consolidated profit before tax (PBT) dropped 27.5% to Rs 74.14 crore in Q3 December 2020 as against Rs 102.33 crore in Q3 December 2019. Tax expense for the quarter jumped 80.2% to Rs 13.91 crore as against Rs 7.72 crore in Q3 December 2019. The Q3 result was declared post trading hours yesterday, 2 February 2021.
Ratnamani Metals & Tubes is engaged in providing total piping solutions to a diverse range of industries.
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