Ramkrishna Forgings bags multi-year export order from US firm

by Autocar Pro News Desk , 10 May 2022


Ramkrishna Forgings, suppliers of rolled, forged and machined products has bagged a multi-year export order worth Rs 105 crore per annum from a US-Based leading manufacturer of chassis-related systems and components primarily for trailers as well as for trucks and buses.

The supplies are expected to commence from CY23. Commenting on the order win Lalit Khetan, ED and CFO, Ramkrishna Forgings said, “This order win validates our strong technical and R&D capabilities, product quality, operational excellence, and continuous hard work of our team. We are continuing our growth trajectory as a result of new orders, client additions and anticipated repeat orders which should propel us towards our strategic priorities of improving revenue mix as well as operational efficiencies leading to better profitability and in-turn will help us achieve our goal of being net debt free.”

Ramkrishna Forgings reported a 142.9 percent jump year-on-year in standalone net profit to Rs 86.65 crore in Q4FY22 coupled with 31.9 percent year-on-year rise in revenue from operations at Rs 683.24 crore in Q4 as compared to Q4FY21.