In an interview to CNBC-TV18, Vimal Katta, CFO of Ratnamani Metals and Tubes spoke about the results and his outlook for the company.
He said that lower demand from power and oil and gas sector hit the topline, adding that lower commodity prices impacted average realisations. Sales volumes too have been lower in FY17 than FY16, he said.
Ratnamani Metals & Tubes hope to see good recovery in FY18. he said.