Ratnamani Metals & Tubes Ltd has posted an increase of 50.15 per cent in income and 33.99 per cent in profit after tax (PAT) in the fiscal ended March 31, 2012, compared to the corresponding period the previous fiscal.
The board of directors has recommended a dividend of 150 per cent (Rs 3 per equity share of Rs 2), subject to the approval of the shareholders at the ensuing Annual General Meeting of the company, according to a release here.
While the net income was Rs 1,221.74 crore (Rs 813.67 crore), PAT was Rs 111.4 crore (Rs 83.17 crore).
The company’s outstanding order book was Rs 643 crore, including export orders of Rs 224 crore.
The company is into manufacture of high-end application stainless steel pipes and tubes and carbon steel pipes, which are used in a wide range of core industries.