Ramkrishna Forgings Q4 PAT rises 31% at Rs 87 crore

Revenue from operations increased 5 percent year-on-year (YoY) to Rs 899.79 crore for the reporting period, showing a positive trend in the company's sales.

Autocar Pro News Desk By Autocar Pro News Desk calendar 02 May 2024 Views icon1216 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Ramkrishna Forgings Q4 PAT rises 31% at Rs 87 crore

Ramkrishna Forgings, a firm in the forging industry, reported a 31 percent increase in its consolidated net profit at Rs 87.3 crore for the quarter ended March 2024. It was Rs 82.26 crore a year ago.

Revenue from operations increased 5 percent year-on-year (YoY) to Rs 899.79 crore for the reporting period, showing a positive trend in the company's sales.

During the quarter under review, EBITDA grew by 7 percent to Rs 200 crore, and the EBITDA margin expanded by 20 basis points YoY to 22.7 percent.

In the quarter gone by, Ramkrishna Forgings secured an order worth Rs 270 crore for the Vande Bharat Train Set. "This is a pivotal achievement in our ongoing rail infrastructure development efforts. Furthermore, our recent contract worth USD 220 million in the North American market reflects our strategic expansion and focused approach," said Naresh Jalan, MD of the company. 

 

RELATED ARTICLES
NDR Auto Components to expand operations near Maruti, Kia plants after hitting capacity

auther Autocar Pro News Desk calendar28 May 2024

Pranav Relan, Whole-time director of the company, said, " Utilisations at our facilities across Haryana, Bangalore and G...

India's construction equipment sales boom defies election slump

auther Autocar Pro News Desk calendar28 May 2024

Industry captains attribute this unexpected boom to the government's ongoing infrastructure push.

Mahindra to amp up on touchscreens and connectivity, XUV.e8 interior patent reveals

auther Autocar Pro News Desk calendar28 May 2024

The XUV.e8patent reveals that there will be three individual screens housed in a single casing spanning the dashboard’s ...