RAMA STEEL TUBES LIMITEDRegd. Office: No.7,1st Floor, Surya Niketa& Vikas Mar& New Delhi-110092

C tN L27 201DL197 4PLC007114E-mail ID ; info@ramasteel.com, investors@ramasteel.com Website : wwr ',ramasteel,com

Ph. No. 011-43656667, 43656668 Fax No.011-43656699

Statement of Consolidated Financial Results for Quafter and Nine Months ended 31st )ec 2076

c)uarter ended on Nine Months ended on Year ended onParticulars 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(Net of Excise Duty)

6,660.06 5,882.47 4,656.73 19,085.07 76,024.88 24,794.89

@) 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(c) Changes in inventories of finished goods,work -In-progress alld stock-in-trade

(405.19) 62.44 (891.69) (764.38) (1,186.s6) 496.97

(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 otherincome, finance .osts and exceptional items(1-2)

577.40 474.10 343.08 1,448.80 819.65 7,306.29

4 Othei income 53.58 35.38 52.62 177.62 -136.M 174.73

5 Profit/(Loss) from ordinary activities beforefinance costs and exceptional items (3+/-4)

564.98 509.48 395.70 7,566.42 955.09 ,.A8,..02

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

7 Profit/(Loss) from ordinary activities afteifinance (osts but before exceptional items(5+/-6)

353.27 362.70 270.79 1,083.72 485.05 852.53

8 Exceptional Items

9

Profit/ (Loss) form ordinary activities beforetax (7+/-8,

353.27 362.70 270.19 7,083.72 485.0s 862.63

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) -t1.760.01 '1-t.76 0.32 0.32

11 Net Profit/(Loss) ftom ordinary activities afteltax (9+/-10) 263.73 262.76 163.38 786.15 372.63 602.32

72 Extraordinary items (net of tax expenseRs....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*

1.6

Net profiv (Loss) aler taxes , Minodty interestand share of profit/(Loss) of associates(13+ 14+ 15)* ,A..

263.73 262.76 153.38 786.1.5 602.32

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

\2\ att L,, "il

\e\J.;iq+'O)Z

Part I .. i fi in Lacs except El{

18

Reserve excluding Revaluation Reselve as peIbalance sheet of previous accounting year

7,825.41. 1.,825.41. 7,825.41. 7,825.47 1.,825.4't '1,825.4-t

19

Eamings per share (Before / Afterextraordinary 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

37-72-mt5 | 3OOS-ZOrO I Zr-rZ-ZOtS

Half Year ended on

3l-72-2016 37:12-2015

Year ended on

31-0&2016

7 Segment Revenue

Manufacturing - Steel Pipe

Trading - Steel Products

Total

5,860.71.

817.06

5,428.52

450.61

3,985.51

762.56

1.6,807.73

2,310.24

74,334.89-1,926.-t6

71,679.10

2,649.3'1

5,879.1.3 4,748.07 79,117.97 1.6,26-1.05 24,328.41

Segment Results

Manufacturing - Steel Pipe

Trading - Steel Products

Total

Less : Finance Cost

Add: Exceptional Items

Profit before Tax

445.04

719.94

522.92

(13.M\u-r.42

54.28

1.,415.93

150.49

837.85

1.1.8.24

1,386.09

94.92

564.98

21.1..-71.

509.48

745.78

395.70

185.51

'r,566.42

482.70

956.09

477.04

1,,48L.02

618.-39

353.27 362.70 210.19 -r,083.72 485.05 862.63

3 Segment Assets

Manufactuling - Steel Pipe

Tiading - Steel Products

10,186.99

850.83

70,805.73

455.99

11,468.22

644.36

1.0,-t86.99

8s0.83

1.L,468.22

644.36

10,283.59

435.22

11,,037.82 1.1.,267.77 72,772.58 11,037.82 1.2,772.58 10,718.81

4 Segment LiabilitiesManufacturing - Steel Pipe

Tnding - Steel Products

7,236.57

342.48

7,997.65

68.43

9,774.87

555.36

7,236.57

u2.48

9,774.87

555.35

7,794.55

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 meetingheld on 10-02-2017.

2. The Company pursues only one reportible Business Segment viz. Manufacturing of Steel Pipes. However as its wholly owned subisidiarycompany in Dubai viz. RST International.Trading FZE is puisuing the business of Trading of Steel Products and Non Ferrous MetalProducts 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 Quarterended31/ 72/ 2076

Preceding

Quarter ended30/09 /20L6

Quarter ended31/12/20L5

Nine Monthsended

31/72/ 20't6

Nine Monthsended

3't /12/2075

Year ended31-43-20't6

(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unauclited) (Audited)Net Sales / Income From Operations

Profit Before Tax

Profit Alter Tax

5,860.77

1.43.39

5,428.52

376.49

275.96

3,985.51

756.54

709.72

1.6,807.73

9U.63

637.06

14,334.89

368.20

255.78

21.,679.70

769.77

s09.46

5.

Date:10-02-2017

Place: New Delhi

The Compiiny's wholly owned Subsidiary M/s Lepakshi Tubes PvL Ltd. is in the process of setting up Plant at Lepakshi, AnantPur inAndhra 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

Managing DirectorDIN : 00119213

VAPS & COMPANYCHARTERED ACCOUNTANTS

LIMITED REVIEW REPORT

The Board ofDirectorsRama Steel Tubes LimitedNo.7, 1.t Floor, Surya Niketan,Vikas Marg, New Delhi- 110092

We have reviewed the accompanying statement oF Un-Audited Consolidated Financial Results ofM/SRAMA STEEL TUBES LIMITED For the quarter and nine months ended on31.t December2016. This statement is the responsibility ol the Company's Management and has beenapproved by the Board of Directors/ committee of Board of Directors. Our resporsibility is toissue 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 Accouniantsof India. This standard requires that we plan and perlorm the review to obtain moderatea:!-sLlrance as to whether the financial statements are free of material misstatement. A review islimited 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 auditancl 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 otherfinancial information have been reviewed/certified by the other auditor or Company'srlranagement 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:ialsta f ements.

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

For VAPS & CompanyChartered AccountantsFilrn Registration No.: 003612N

"0

\^vu l---CA Vipin AggarwalPartnerMembership No. 082498

Place: New DelhiDarei 10.02.2017

C-42, South Extension Part-llNew Delhi - 110 049Ph. : 011-41645051 (4 Lines)Fax : 011-41644896E.mail : vapscompany@gmail.com

RAMA STEEL TUBES LIMITEDRegd. 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,comPh. No. 011-43656667, 43656668 Fax No.011-43555599

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(Net of Excise Duty)

5,843.00 5,131.86 3,918.48 1.6,774.83 't4,'t23.55 21,545.58

(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,work in-progress and stock-in-trade

(40s.19) 62.44 (8s8.46) (764.38) (1,153.33) 196.97

(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 othelincome, finance costs and exceptional items(1-21

391.45 487.55 288.80 L,298.3.L 707.47 L2t7.A7

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

5

Profiy(Loss) from oldinary activities beforefina ce costs a d exceptional items (3+/-4)

M5.04 347.42 7,475.93 837.85 1,386.09

6 Finance costs 21.1.50 't46.43 184.88 187.t) 469.65 616.33

7 Profif/(Loss) from ordinary activities afterfinance costs but before exceptional items(s+/-61

233.53 376.49 156.54 934.63 368.20 769.77

8 Exceptional Items

9 Profit/ (Loss) fom ordinary acfivities beforetax (7+/-8)

233.53 376.49 156.54 934.63 368.20 769.77

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

1.2 Extraordinary items (net oI tax expenseRs....Lakhs)

Net Profiy(Loss) for the period (11+/-12) .L43.39275.96 709.72 637.06 255.78 509.46

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

'15 Minority Interest" N.A N,A N.A N,A N,A N,A

16

Net prol iy (Loss) aler la\es, Mrnorrty /....'interest and share of ptofi/tl.oss) of /; ydssocidtes (13+ 14+ 15)' //:f .

-N43.3eX\,

275.96 '1-09.72 637.06 255.78 509.46

'vE Ir,, \!- il

we

Part (l ir Lacs ex.ept EPS)

'17Paid-up equity share capital(Face value of Rs.5/- each )

746.70 716.70 119.34 746.70 149.U 746.70

18

Reserve excluding Revaluation Reserve as perbalance sheet of previous accounting year

1_,732.51 't,732.54 1,732.54 '1,732.51 1,732.54 't,732.54

't9Earnings per share (Before / Afterexkaordinary 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

Not7.

Datet 10-02-2017

Pla.e: New Delhi

The above Quarterly Financial results duly reviewed by the Audit committee, have been approved by the Board of Directors in itsmeeting held on 10-02-2017.

The Compary pursues orily one reportible Business Segment viz. Manufacturing of Steel Pipes. As such no segment reporting isthere.

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 arecalclrlated upon 1,49,34,000 Equity Shares of Rs.5/- each while for Quarter ended 31-12-2015 and Nine Months ended 31-12-2015it 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 BansalManaging Director

DIN : 00119213

VAPS & COMPANYCHARIERED ACCOUNTANTS

Membership No. - 082498

Place: New DelhiDate: 10.02.2017

C-42, South Extension Part-llNew Delhi - 110 049Ph. : 01141645051 (4 Lines)Fax : 011-41644896E.mail : vapscompany@ gmail.com

LIMITED REVIEW REPORT

The Board of DirectorsRama Steel Tubes LimitedNo. 7, l* Floor, Surya Niketan,Vikas Marg, New Delhi- 110092

we have reviewed the accompanying statement of un-Auditedstandalone Financial Results of

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

approved hy the Board of Directois/ committee of Board of Directors Our responsibility is to

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

issrrfance as to whether the financial statements are free of material misstatement A review is

llrnited p|imarily to inquiries of company personnel and analytical procedures applied to

financiril data and thus piovides less assurance than an audit. We have not performed an audit

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 & CompanyChartererJ AccountantsFirm Registration No.: 003612N

I EJ,i-

\-.'.ttl--.---\.1/ ,"1CA Vipirt'AggarwalPartner