,d*&\

"ffitr/
$&tg/ Rama Steel Tubes Ltd.
,ee\ Manufacturers & Expotters : ERW steel Tubes (Black & Galvanised)
Seuh CIN : L27201 DLl974PLC007114
Regd. Office
AN ISO 90{1 : 2008 cO. No.7, 1st Floor, Surya Niketan, Mkas Marg, New Delhi-110092 Ph. : 011-43656667, 43656668 Fax:01143656699
E-mail : investors@ramasteel.com, info@ramasteel.com, Website : www.ramasteel.com

Date: February'1,0, 2017

To

The Manager - Listing I The Secretary

National Stock Exchange of India Ltd
I Corporate Relationship Dept.
Exchange Plaza, Bandra Kurla Complex I nSE Limited
(Eastl
Bandra P.J. Towers, Dalal Street,
Mumbai-400051 lMumbai -400001
Symbol: RAMASTEEL Code: 539309

Sub: Un-audited Financial Results (Consolidated and Standalone) for the quarter
and nine months ended on December 31, 2076

Dear Sir / Madam,

This is to inform you that the Board of Directors in their meeting held today i.e.
February '1,0, 201,7 ; commenced at 2:00 p.m. and concluded at2:45 p.m. has considered
and approved Un-audited Consolidated and Standalone Financial Results for the quarter
and nine months ended on December 31.,2076.

In this regard, please find enclosed herewith the following:

l-. Un-audited Consolidated and Standalone Financial Results of the Company for the
quarter and nine months ended on December 31, 2016.

2. Limited Review Report for the Un-audited Consolidated and Standalone Financial
Results of the Company for the quarter and nine months ended on December 31,
201.6.

You are requested to kindly take the above in your records.

Thanking You,

Yours Faithfully,

For Rama Steel Tubes

Kapil Datta
(Company Secretary)

Encl. As above.

Wotks : B-21, 8-25/1, Site No. 4 lndustial Area, Sahibabad (U.p) ph. : 0120-4569788
 RAMA STEEL TUBES LIMITED
Regd. Office: No.7,1st Floor, Surya Niketa& Vikas Mar& New Delhi-110092
C tN L27 201DL197 4PLC0071 14
E-mail ID ; info@ramasteel.com, investors@ramasteel.com Website : wwr
',ramasteel,com
Ph. No. 011-43656667, 43656668 Fax No.011-43656699
Part I .. i fi in Lacs except El{
Statement of Consolidated Financial Results for Quafter and Nine Months ended 31st )ec 2076
c)uarter ended on Nine Months ended on Year ended on
Particulars 31-72-2076 30-09-2016 3't-12-2015 31-12-2016 3t-72-2015 3t-012016
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
.t
Income from operations
(a)Net sales /Income from Operations 6,660.06 5,882.47 4,656.73 19,085.07 76,024.88 24,794.89
(Net of Excise Duty)
@) Other operating income 17.71 (3.34) 97.U 32.90 236.17 733.52
Total income from operations (net) 6,677.77 5,879.73 4.74a.O7 79,777.97 16,261.05 24,328.41

2 Expenses
(a) Cost of mate als consumed 5,474.25 4,521..85 4,1.25.83 15,114.53 13,564.60 18,241.77
(b) Purchase of stock in trade 683.04 439.28 71.5.9-t 2,707.32 1.,783."1'l 2,483.73
in inventories of finished goods,
(c) Changes (405.19) 62.44 (891.69) (764.38) (1,186.s6) 496.97
work -In-progress alld stock-in-trade
(d) Employee benefits expense 82.94 75.98 92.37 229.83 244.61. 31.7.77
(e)Depreciation and Amortisation expense 88.98 66.87 73.54 217.77 208.34 284.81
(0 Other expenses 242.35 238.67 289.03 776.70 827.30 7,203.07
Total expenses 6,766.37 5,405.03 4,404.99 77,669.77 75,U7.40 23,022.12

3 Profiy(Loss) ftom operations before other 577.40 474.10 343.08 1,448.80 819.65 7,306.29
income, finance .osts and exceptional items
(1-2)

4 Othei income 53.58 35.38 52.62 177.62 -136.M

174.73

5 Profit/(Loss) from ordinary activities before 564.98 509.48 395.70 7,566.42 955.09 ,.A8,..02
finance costs and exceptional items (3+/-4)

6 Finance costs 2L1.71. L46.78 185.51 482.70 477.04 618.39

7 Profit/(Loss) from ordinary activities aftei 353.27 362.70 270.79 1,083.72 485.05 852.53
finance (osts but before exceptional items
(5+/-6)

8 Exceptional Items

Profit/ (Loss) form ordinary activities before 353.27 362.70 270.19 7,083.72 485.0s 862.63
9 tax (7+/-8,

10 Tax expense (Deffered Tax) (7.41) 5.23 (5.60) 9.25 4.68

Tax expense (Curent Tax) 85.80 95.31 43.47 291..42 102.85 255.30
Tax expense (Earlier Years) -t1.76 '1-t.76
0.01 0.32 0.32

11 Net Profit/(Loss) ftom ordinary activities aftel

tax (9+/-10) 263.73 262.76 163.38 786.15 372.63 602.32

72 Extraordinary items (net of tax expense

Rs....Lakhs)

13 Net Profit/(Loss) for the pedod (11+/-12) 263.1.3 262.16 163.38 786.L5 372.63 602.32

74 Share of Profit/ (Loss) of associates

15 Minoritv Interest*

Net profiv (Loss) aler taxes , Minodty interest 263.73 262.76 153.38 786.1.5 602.32
and share of profit/(Loss) of associates
1.6 (13+ 14+ 15)* ,A..

17
(k"5#
F',:::';H7-'5::::i"', \2\ att L,, i\\
74670 746.70 149.34 746.70 1.49.34 746.70

"il
e\J.;i
\q+'O)Z
 '1,825.4-t
Reserve excluding Revaluation Reselve as peI 7,825.41. 1.,825.41. 7,825.41. 7,825.47 1.,825.4't
18 balance sheet of previous accounting year

Eamings per share (Before / After

19 extraordinary items)
(a) Basic 1..76 1.76 70.94 5.26 24.95 4.03
(b) Diluted 1.76 '1
.76 't0.94 5.26 24.95 4.03

Statement of Segment wGe Revenue, Results, Assets & Liabilities

S.No Particulars Quarter ended on Half Year ended on Year ended on

37-72-mt5 | 3OOS-ZOrO I Zr-rZ-ZOtS 3l-72-2016 37:12-2015 31-0&2016

7 Segment Revenue
Manufacturing - Steel Pipe 5,860.71. 5,428.52 3,985.51 1.6,807.73 74,334.89 71,679.10
-1,926.-t6
Trading - Steel Products 817.06 450.61 762.56 2,310.24 2,649.3'1
Total 5,879.1.3 4,748.07 79,117.97 1.6,26-1.05 24,328.41

Segment Results
Manufacturing - Steel Pipe 445.04 522.92 u-r.42 1.,415.93 837.85 1,386.09
Trading - Steel Products 719.94 (13.M\ 54.28 150.49 1.1.8.24 94.92
Total 564.98 509.48 395.70 'r,566.42 956.09 1,,48L.02
:
Less Finance Cost 21.1..-71. 745.78 185.51 482.70 477.04 618.-39
Add: Exceptional Items
-r,083.72
Profit before Tax 353.27 362.70 210.19 485.05 862.63

3 Segment Assets
Manufactuling - Steel Pipe 10,186.99 70,805.73 11,468.22 1.0,-t86.99 1.L,468.22 10,283.59
Tiading - Steel Products 850.83 455.99 644.36 8s0.83 644.36 435.22
11,,037.82 1.1.,267.77 72,772.58 11,037.82 1.2,772.58 10,718.81
4 Segment Liabilities
Manufacturing - Steel Pipe 7,236.57 7,997.65 9,774.87 7,236.57 9,774.87 7,794.55
Tnding - Steel Products 342.48 68.43 555.36 u2.48 555.35 252.1.5
7,579.05 8,066.08 9,670.77 7,579.05 9,670.17 8,046.70

Notes :

l. The above Quarterly Financial results duly reviewed by the Audit committee, have been approved by the Board of Directois in its meeting
held on 10-02-2017.
2. The Company pursues only one reportible Business Segment viz. Manufacturing of Steel Pipes. However as its wholly owned subisidiary
company in Dubai viz. RST International.Trading FZE is puisuing the business of Trading of Steel Products and Non Ferrous Metal
Products the Segment wise Results are given above.

3. The EPS for the Quarter ended 31-12-2016, Quarter ended 30-09-2076, Nine Months ended 31-12-2016 and Year ended 31-03-2016 are
calculated upon 1,49,34,000 Equity Shares of Rs.5/- each while for Quarter ended 31-12-2015 and Nine Months ended 31-12-2015 it is
calculated upon 14,93,400 Equity Shares of Rs.10/- each
4. Standalone Results as on 31-12-2016 are as under :-
Particulars Quarterended Preceding Quarter ended Nine Months Nine Months Year ended
31/ 72/ 2076 Quarter ended 31/12/20L5 ended ended 31-43-20't6
30/09 /20L6 31/72/ 20't6 3't /12/2075
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unauclited) (Audited)
Net Sales / Income From Operations 5,860.77 5,428.52 3,985.51 1.6,807.73 14,334.89 21.,679.70
Profit Before Tax 376.49 756.54 9U.63 368.20 769.77
Profit Alter Tax 1.43.39 275.96 709.72 637.06 255.78 s09.46
5. The Compiiny's wholly owned Subsidiary M/s Lepakshi Tubes PvL Ltd. is in the process of setting up Plant at Lepakshi, AnantPur in
Andhra Pradesh. As it has not yet began pursuing commercial activities, the above results do not include any figures of that subsidiary.

Previous period's/ Year's figures have been regrouped/ recast wherever applicable.

for Rama Steel Tubes Ltd.

r('-=="
Naresh Kumar Bansal
,/
Date:10-02-2017 Managing Director
Place: New Delhi DIN : 00119213
 C-42, South Extension Part-ll
VAPS & COMPANY New Delhi - 110 049
CHARTERED ACCOUNTANTS Ph. : 011-41645051 (4 Lines)
Fax : 011-41644896
E.mail : vapscompany@gmail.com

LIMITED REVIEW REPORT

The Board ofDirectors

Rama Steel Tubes Limited
No.7, 1.t Floor, Surya Niketan,
Vikas Marg, New Delhi- 110092

We have reviewed the accompanying statement oF Un-Audited Consolidated Financial Results of

M/SRAMA STEEL TUBES LIMITED For the quarter and nine months ended on31.t December
2016. This statement is the responsibility ol the Company's Management and has been
approved by the Board of Directors/ committee of Board of Directors. Our resporsibility is to
issue a report on these financial statements based on our review.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2400,
EnElagements to Review Financial Statements issued by the Irstitute of Chartered Accouniants
of India. This standard requires that we plan and perlorm the review to obtain moderate
a:!-sLlrance as to whether the financial statements are free of material misstatement. A review is
limited primarily to ;nquiries of company personnel and analytical procedures applied to
[inancial data and thus provides less assurance than an audit. We have not performed an audit
ancl accordingly, we do not express an audit opinion.

We have not reviewed the financial statement of the foliowing wholly owned suirsidiarl,
c()mpany:

a. RST Irternational Trading FZE, Dubai

included in the consolidated quanerly linancial results. These financial statements and other
financial information have been reviewed/certified by the other auditor or Company's
rlranagement and furnished to us, and our opinion, in so lar as it relates to the amount included
!D |espect ofthe one subsidiary company, are based solely on those reviewed /ce rtilied finanr:ial
sta f ements.

Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accomp'anying statement of unaudited financial results prepared in accordance
with applicable accounting standards and other recognised accounting practices and policies
has not disclosed the information required to be disclosed in terms of Regulation 33 oi the
SEBIIListing 0bligation and Disclosure Requirement) Regu]ations, 2015 including the manner in
r'r,hich it is to be disclosed, or that it contains anv material misstatement.

For VAPS & Company

Chartered Accountants
Filrn Registration No.: 003612N
"0
\^vu l---
CAVipin Aggarwal
Partner
Membership No. 082498

Place: New Delhi

Darei 10.02.2017
 RAMA STEEL TUBES LIMITED
Regd. Office: No.7,1st Flooi, Surya Niketan, Vikas Marg, New Delhi-110092
crN L2720tDL7974Pt t-c0071l4
E-mail ID : info@ramasteel.com, investors@ramasteel.com Website : www,ramasteel,com
Ph. No. 011-43656667, 43656668 Fax No.011-43555599
Part (l ir Lacs ex.ept EPS)
Statement of Standalone Financial Results for the Quartel and Nine Months ended 31st Dec 2016
Quarter ended on Nine Months ended on Year ended
Particulars 37-72-2016 30-09-2016 i1-12-2015 37-72-2076 37-72-2015 31-03-2076
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
1 Income from operations
(a)Net sales / Income ftom Operations 5,843.00 5,131.86 3,918.48 1.6,774.83 't4,'t23.55 21,545.58
(Net of Excise Duty)
(b) Other operating income 't7.71 (3.34) 67.03 32.90 21L.34 1.33.52
Total in.ome from operations (net) 5,860.77 5,428.52 t98s.s1 76,807.73 74,3U.89 2.L,679.10

2 Expenses
(a) Cost oI nlatcrials consumc,:l 5,471.25 4,521.85 4,125.83 15,114.53 L3,561.60 1.8,241.n
(b) Purchase of stock in trade 3.97 ,1.51

(c) Changes in inventories of Finished goods, (40s.19) 62.44 (8s8.46) (764.38) (1,153.33) 196.97
work in-progress and stock-in-trade
(d) Ernployee benefits expense 75.21 67.53 88.70 208.52 233.42 293.38
(e) Depreciation and Amortisation expense 88.98 66.81 73.52 21.7.1.7 208.32 281.77
(fl Other expenses 235.98 222.34 267.12 739.58 776.50 1,1,15.89
Total expenses 5,469. 4,940.97 3,696.77 '15,509.42 13,633.48 20,467.29

3 Profiv(Loss) ftom operations before othel 391.45 487.55 288.80 L,298.3.L 707.47 L2t7.A7
income, finance costs and exceptional items
(1-21

4 Other income 53.59 52.62 1L7.62 136..1.1 "t74.28

M5.04 347.42 7,475.93 837.85 1,386.09

Profiy(Loss) from oldinary activities before
5 fina ce costs a d exceptional items (3+/-4)
6 Finance costs 21.1.50 't46.43 184.88 187.t) 469.65 616.33

7 Profif/(Loss) from ordinary activities after 233.53 376.49 156.54 934.63 368.20 769.77
finance costs but before exceptional items
(s+/-61

8 Exceptional Items

9 Profit/ (Loss) fom ordinary acfivities before 233.53 376.49 156.54 934.63 368.20 769.77
tax (7+/-8)

10 Iax exDense (DeIfered Tax) (7.41) 5.22 3.33 (5.60) 9.25 ,1.68

Tax expense (Current Tax) 85.80 95.31 43.48 29L.42 102.85 255.30
Tax expense @arlier Years) 'tl.76 0.01 1'1.76 0.32 0.32

11 Net PlofMLoss) from ordinary activities

after tax (9+/-10) 143.39 275.96 709.72 637.06 255.78 509.46

1.2 Extraordinary items (net oI tax expense

Rs....Lakhs)

.L43.39
Net Profiy(Loss) for the period (11+/-12) 275.96 709.72 637.06 255.78 509.46

14 Share oI Profit/(Loss) oI associates N.A N.A N,A N,A N.A N.A

'15 N.A N,A N.A N,A N,A N,A

Minority Interest"

Net prol iy (Loss) aler la\es, Mrnorrty /....' 275.96 '1-09.72 637.06 255.78 509.46
interest and share of ptofi/tl.oss) of /; y -N43.3e
16 dssocidtes (13+ 14+ 15)' //:f . X\,
'vE Ir,, \!- il

we
 Paid-up equity share capital 746.70 716.70 119.34 746.70 149.U 746.70
'17 (Face value of Rs.5/- each )

1_,732.51
't,732.54 1,732.54 '1,732.51 1,732.54 't,732.54
Reserve excluding Revaluation Reserve as per
18 balance sheet of previous accounting year

Earnings per share (Before / After

't9 exkaordinary items)
(a) Basic 0.96 1.85 1.27 L7.L3 3.41
(b) Diluted 0.96 1.85 4.27 17.73 3.4L
Not
7. The above Quarterly Financial results duly reviewed by the Audit committee, have been approved by the Board of Directors in its
meeting held on 10-02-2017.
The Compary pursues orily one reportible Business Segment viz. Manufacturing of Steel Pipes. As such no segment reporting is
there.
The EPS {or the Quarter ended 31-12-2016, Quarter ended 30-09-2016, Half Year ended 30-09-2016 and Year ended 31-03-2016 are
calclrlated upon 1,49,34,000 Equity Shares of Rs.5/- each while for Quarter ended 31-12-2015 and Nine Months ended 31-12-2015
it is calculated upon 1493,400 Equity Shares of Rs.10/- each
Previous period's/ Yea/s figures have been regrouped/ recast wheiever applicable.

for Rama Steel Tubes Ltd.

tZ---<
Naresh Kumar Bansal
Datet 10-02-2017 Managing Director
Pla.e: New Delhi DIN : 00119213
 C-42, South Extension Part-ll
VAPS & COMPANY New Delhi - 110 049
Ph. : 01141645051 (4 Lines)
CHARIERED ACCOUNTANTS
Fax : 011-41644896
E.mail : vapscompany@ gmail.com

LIMITED REVIEW REPORT

The Board of Directors

Rama Steel Tubes Limited
No. 7, l* Floor, Surya Niketan,
Vikas Marg, New Delhi- 110092
of
we have reviewed the accompanying statement of un-Auditedstandalone Financial Results
M/SRAMA STEEL TUBES Ltprtrio Ior rhe quarter and nine monthsended on 3l.tDecember
zfilo. ffris statement is the responsibility of the Company's Management and has been is to
approved hy the Board of Directois/ committee of Board of Directors Our responsibility
issLle a report on these financial statements based on our review

we conducted our review in accordance with the Standard on Review Engagement (sRE) 2400,
E gagemellts to Review Financial Statements issued by the lnstittrte of Chartered Accourltants
ul in,llo. fhi. standard requires that we plan and perform the review to obtain moderate
review is
issrrfance as to whether the financial statements are free of material misstatement A
llrnited p|imarily to inquiries of company personnel and analytical procedures applied to
not performed an audit
financiril data and thus piovides less assurance than an audit. We have
and accordingly, we do not express an audit opinion.

Baserl rirr our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying statement of unaudited financial results prepared in accordance
i,vith applicable accounting standards and other recognised accountinS practices and poiicies
lras not disciosed the information required to be disclosed in terms of Regulation 33 of the
SEBtIListing 0bligation and Disclosure Requirement] Regulations, 2015 including the manner in
wlrich it is to be disclosed, or that it contains any material misstatement

For VAPS & Company

ChartererJ Accountants
Firm Registration No.: 003612N
I EJ,i-

\-.'.ttl--.---
\.1/ ,"1
CA Vipirt'Aggarwal
Partner
Membership No. - 082498

Place: New Delhi

Date: 10.02.2017