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Ram Ratna Wires Receives ₹10.22 Crore Income Tax Demand for AY 2024-25
Ram Ratna Wires Limited has received an assessment order from the Income Tax Department for the Assessment Year 2024-25. The order raises a total tax demand of ₹10.22 Crores, which includes an interest component of ₹1.94 Crores. The company has identified computational and clerical errors in the order and plans to file for rectification. Additionally, the management intends to appeal against the additions made to the assessed income and does not expect a material impact on operations at this stage.
Key Highlights
Income Tax Department raised a demand of ₹10.22 Crores for AY 2024-25.
The total demand includes an interest component of ₹1.94 Crores.
The order was issued under Section 143(3) of the Income Tax Act, 1961.
Company plans to file for rectification of clerical errors and appeal the assessed additions.
Management claims no immediate material impact on financials or operations.
💼 Action for Investors
Investors should monitor the progress of the company's appeal and rectification filing to see if the demand is reduced. While the company is contesting the order, the ₹10.22 Crore demand should be tracked as a potential liability against future earnings.
Ram Ratna Wires Reports Strong Q3 FY26 with 72.5% PAT Growth and 43.8% Revenue Surge
Ram Ratna Wires Limited (RAMRAT) delivered a robust financial performance for Q3 FY26, with consolidated revenue rising 43.8% YoY to ₹1,277.9 crore. Operating EBITDA surged 84.9% YoY to ₹72.0 crore, driven by improved margins which expanded from 4.4% to 5.6%. The company's strategic shift towards high-margin Copper Tubes & Pipes is evident, with the segment's revenue share increasing to 27% from 17% a year ago. Despite a ₹3.6 crore exceptional item for labor code adjustments, PAT grew 72.5% YoY to ₹31.6 crore.
Key Highlights
Q3 FY26 Revenue from operations stood at ₹1,277.9 crore, up 43.8% YoY and 9.8% QoQ.
Operating EBITDA for Q3 FY26 grew 84.9% YoY to ₹72.0 crore, with EBITDA margins improving to 5.6%.
Copper Tubes & Pipes segment revenue share jumped to 27% in Q3 FY26, up from 17% in Q3 FY25.
Bhiwadi facility scaled to 24,000 MTPA; total copper tube capacity targeted at 36,000 MTPA by FY26.
9M FY26 PAT reached ₹69.4 crore, a 34.6% increase compared to ₹51.5 crore in 9M FY25.
💼 Action for Investors
Investors should monitor the successful ramp-up of the Bhiwadi facility and the company's ability to sustain higher margins as the product mix shifts toward copper tubes. The strong growth in the HVAC and OEM segments provides a positive outlook for long-term value creation.
Ram Ratna Wires Q3 FY26 PAT Surges 72.5% YoY to ₹31.6 Cr; Revenue Up 43.8%
Ram Ratna Wires reported a robust performance for Q3 FY26, with consolidated revenue growing 43.8% YoY to ₹1,277.9 Cr. Profit After Tax (PAT) saw a significant jump of 72.5% YoY to ₹31.6 Cr, driven by higher demand in the copper tubes segment. Operating EBITDA margins improved to 5.6% from 4.4% in the previous year, reflecting better operational efficiency. The copper tubes segment now contributes 27% to the total revenue, up from 17% last year, signaling a successful shift towards high-margin products.
Key Highlights
Q3 FY26 Revenue grew 43.8% YoY to ₹1,277.9 Cr compared to ₹888.7 Cr in Q3 FY25.
Operating EBITDA surged 84.9% YoY to ₹72.0 Cr, with margins expanding to 5.6% from 4.4%.
PAT for the quarter increased 72.5% YoY to ₹31.6 Cr from ₹18.3 Cr.
Copper tubes revenue contribution rose significantly to 27% from 17% YoY, driven by HVAC industry demand.
9M FY26 Revenue and PAT grew by 25.9% and 34.6% respectively compared to the same period last year.
💼 Action for Investors
Investors should view this as a strong growth signal, particularly given the margin expansion and the increasing contribution of the high-growth copper tube segment. Monitor the progress of Inner Grooved Tube (IGT) manufacturing as a future growth catalyst.
Ram Ratna Wires Appoints Iqbal Singh Saggu as CFO; Rajeev Maheshwari Transitions to Senior VP
Ram Ratna Wires has announced a strategic leadership transition effective April 1, 2026. The current CFO, Shri Rajeev Maheshwari, who has been with the company for 14 years, will transition to the role of Senior Vice President (Accounts & Taxation). He will be succeeded by Shri Iqbal Singh Saggu, a Chartered Accountant with over 23 years of experience in treasury, M&A, and fundraising. This planned transition ensures continuity while bringing in new expertise for potential capital structuring and growth initiatives.
Key Highlights
Shri Iqbal Singh Saggu appointed as CFO and KMP effective April 1, 2026, bringing 23+ years of experience.
Current CFO Shri Rajeev Maheshwari transitions to Senior VP (Accounts & Taxation) after 14 years of service.
New CFO has specialized expertise in Mergers & Acquisitions (M&A) and fundraising activities.
The transition is scheduled for the start of the 2026-27 financial year to ensure a smooth handover.
💼 Action for Investors
Investors should view this as a routine and planned management transition. Monitor if the new CFO's background in M&A and fundraising leads to any new strategic growth or capital expansion plans in the future.
Ram Ratna Wires Q3 PAT Jumps 75.6% YoY to ₹32.1 Cr; Revenue Up 42%
Ram Ratna Wires Limited reported a robust performance for the quarter ended December 31, 2025, with revenue from operations growing 42% YoY to ₹1,249.6 crore. Net profit surged by 75.6% YoY to ₹32.1 crore, driven by exceptional growth in the copper tubes and pipes segment. The company also announced a transition in its finance leadership, with Iqbal Singh Saggu appointed as the new CFO effective April 1, 2026. Despite a one-time exceptional charge of ₹3.33 crore for labor code impacts, the overall profitability remained strong.
Key Highlights
Revenue from operations grew 42% YoY to ₹1,249.6 crore in Q3 FY26.
Net Profit (PAT) increased by 75.6% YoY to ₹32.1 crore compared to ₹18.3 crore in Q3 FY25.
Copper tubes and pipes segment revenue more than doubled, reaching ₹361.2 crore from ₹150.4 crore YoY.
Earnings Per Share (EPS) improved significantly to ₹3.45 from ₹1.96 in the year-ago period.
Iqbal Singh Saggu appointed as CFO effective April 2026, replacing Rajeev Maheshwari who moves to a Senior VP role.
💼 Action for Investors
The company is showing strong growth momentum, particularly in the copper tubes segment which is diversifying its revenue base. Investors should view this performance positively while keeping an eye on the smooth transition of the new CFO in April.
Ram Ratna Wires Allots 4.66 Crore Bonus Equity Shares in 1:1 Ratio
Ram Ratna Wires Limited has completed the allotment of 4,66,74,536 bonus equity shares following its board meeting on December 29, 2025. The bonus issue was executed in a 1:1 ratio for shareholders who held shares on the record date of December 26, 2025. This move has doubled the company's paid-up equity capital to ₹46.67 crore, represented by 9.33 crore shares. The new shares will rank equally with existing shares and are expected to enhance the stock's liquidity in the secondary market.
Key Highlights
Allotted 4,66,74,536 bonus equity shares of ₹5 face value each.
Bonus ratio of 1:1 implemented for shareholders as of the Dec 26, 2025 record date.
Post-allotment paid-up capital increased to ₹46,67,45,360 from ₹23,33,72,680.
Total number of equity shares increased to 9,33,49,072.
New shares rank pari-passu with existing shares for all future corporate benefits.
💼 Action for Investors
Investors should note the increase in share count and the corresponding price adjustment in their portfolios. No further action is required as the allotment process is now complete.
Ram Ratna Wires Approves Bonus Issue & Increases Authorized Capital to Rs 50 Crore
Ram Ratna Wires Limited has successfully passed resolutions via postal ballot to issue bonus equity shares and increase its authorized share capital. The authorized capital is now set at Rs 50 crore, comprising 10 crore shares of Rs 5 each. The resolutions received near-unanimous support, with over 99.99% of votes cast in favor. This corporate action is intended to reward existing shareholders and enhance the stock's liquidity in the market.
Key Highlights
Approval for Bonus Equity Shares passed with 99.9996% of total valid votes in favor.
Authorized Share Capital increased to Rs 50 crore, divided into 10 crore shares of Rs 5 each.
Total of 3,43,40,649 votes were cast in favor of the bonus issue resolution.
The resolutions are deemed approved as of the final e-voting date, December 18, 2025.
💼 Action for Investors
Shareholders should monitor for the official announcement of the record date to qualify for the bonus shares. While the number of shares held will increase, the share price will adjust downward proportionally on the ex-bonus date.