Industrial products company Ramkrishna Forgings announced consolidated Q4FY24 & FY24 results: Financial Highlights: Revenue: Ramkrishna Forgings reported a substantial increase in revenue to Rs 3,490 crore, marking a 16% year-over-year growth. EBITDA: EBITDA followed suit with an impressive surge, reaching Rs 794 crore, corresponding to a 19% increase compared to the previous year. Profit After Tax (PAT): The company witnessed a significant jump in PAT, climbing to Rs 326 crore, a 38% rise from the preceding year. Domestic markets operational highlights: Sales volume saw a moderate decline quarter over quarter from 24,611 MT (Q4 FY23) to 23,412 MT (Q4 FY24), with revenue for Q4FY24 at Rs 47,660 Lakhs against Rs 49,037 Lakhs in Q4FY23. However, a 13.7% year-over-year revenue growth was reported in FY24. Export markets operational highlights: Exports sales volume increased by 18.3% for Q4FY24 and 22.5% for the full year compared to the same periods of the previous year. There was an 18.5% revenue increase for the same quarter and a 19.3% rise annually. Commenting on the results Naresh Jalan, Managing Director said, Ramkrishna Forgings said: “During the year, on a standalone basis, the company registered a strong performance across segments & geographies, with YoY growth of 16% in revenues and 38% in profitability. EBITDA margin stood at 22.7% driven by operating leverage and a sharp focus on cost control. We continued with our relentless pursuit of excellence and strategic growth initiatives. In the quarter gone by, we successfully secured a notable Rs 270 crore order for the Vande Bharat Train Set, a pivotal achievement in our ongoing rail infrastructure development efforts. Furthermore, our recent contract worth USD220 million in the North American market reflects our strategic expansion and focused approach. In Q4FY24, our board gave an approval for a manufacturing facility in Mexico. This will facilitate our ability to serve newer geographies more efficiently. Our continued focus on improving financial metrics such as ROCE and ROE, alongside efforts to reduce debt, positions us for sustainable growth and increased flexibility in pursuing opportunities. Overall, our performance emphasizes our commitment to excellence and long-term value creation for stakeholdeRs” Result PDF