India's Ratnamani Metals rises on jump in Q3 earnings

Ratnamani Metals and Tubes

14/02/2023 06:46

** Shares of Ratnamani Metals & Tubes  RMT.NS  rise as much
as 4.25% to 2,200 rupees
    ** The stainless steel pipes and tubes maker reported 49%
jump in consol net profit to 1.33 bln rupees in Q3, post market
hours on Monday  urn:newsml:reuters.com:*:nFWN34T1VI
    ** Core profit jumped 53% to 1.99 bln rupees in third
quarter from a year ago
    ** Core profit margin expanded to 18.11% from 14.02%
    ** About 67,993 shares change hands as of 12:08 p.m. IST,
2.7x the 30-day avg of 25,680 shares: Refinitiv data
    ($1 = 82.7200 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))