Ramkrishna Forgings announced Q4FY22 results: Revenue of Rs. 68,323.99 Lakhs, YoY growth of 31.93% EBITDA of Rs. 15,215.49 Lakhs, YoY growth of 41.32% PAT of Rs. 8,665.27 Lakhs, YoY growth of 142.87% Commenting on the results Mr. Naresh Jalan, Managing Director said, Ramkrishna Forgings Limited said: “Our performance for the year has been satisfactory given the overall challenging scenario. We have been able to improve our performance due to the addition of newer products and higher demand for our products led to improvement in better utilization of recently added capacities. We continue to win orders across segments and strengthen our geographical presence and we are confident that our performance will outpace the historical growth pace and expects growth in the range of 20-25% in topline for FY23. We have always strived to improve our stature by constantly broadening our product portfolio, deepening our domain expertise and providing value addition to our customers. Furthermore, our unwavering commitment to innovation and R&D; has allowed us to establish ourselves as a trusted partner to the world's leading corporations. The commercial vehicle segment, which accounts for most of our sales, is expected to grow primarily on account of increased economic activity. Also, with government's emphasis on infrastructure investment and increased demand for residential real estate projects, demand for CVs is expected to remain robust. This would have a positive rub off effect on as we have strengthened our relationships leading CV manufacturers across the globe. We are seeing strong demand for our products as we cement our presence in the Light Vehicle market. We will be able to strengthen our position in the Light Commercial Vehicle segment while also expanding our global market presence as a result of this. Additionally, with the commissioning of our warm forging plant have begun shipping product samples and we are pleased with the progress so far on that front. This will enable us to add new products to our baskets and will open up a plethora of new opportunities for us in the future. With the commissioning of new facilities during the 1st half of the year, we are ready for our next phase of growth. Our diverse quality product portfolio, recent capacity addition, long-standing relationships, and goodwill with consumers, suppliers, and other stakeholders, are expected to result in a strong performance in the coming years. We are optimistic about the demand scenario from both domestic and international markets, and our product diversification strategy, combined with the addition of customers and increase content per vehicle from existing customers, enables us to maintain a positive outlook on revenue growth and profitability. We are well poised for newer opportunities in the automotive and non-automotive industries, as well as the EV space, which points to a solid future." Result PDF
General industrials company Ramkrishna Forgings Ltd. declares Q3FY22 result: Revenue of Rs 60,605.44 Lakhs, YoY growth of 50.70% EBITDA of Rs 14,020.84 Lakhs, YoY growth of 79.36% PAT of Rs 4,512.42 Lakhs, YoY growth of 170.59% Quarterly EPS for Q3FY22 is Rs 14.11 per share and 9M FY22 is Rs 37.49 Declared Third Interim dividend of Rs. 0.50 per share Stock split of Company's equity shares of face value of Rs. 10/- each to face value of Rs. 2/- each Company sets target to be net debt free by FY 2025. Commenting on the results Mr. Mahabir Prasad Jalan, Chairman, Ramkrishna Forgings Limited said: “The Company has reported a turnover of Rs 60,605.44 Lakhs in Q3FY22 in comparison to Rs 40,217.10 Lakhs in Q3FY21 registering an increase of 50.70% YOY and Rs 160,212.56 Lakhs in 9MFY22 in comparison to Rs 77,049.10 Lakhs in 9MFY21 registering an increase of 107.94% YOY. The Company has achieved an Export turnover of Rs 25,968.58 Lakhs in Q3FY22 comparison to Rs 15,580.09 Lakhs in Q3FY21, registering a growth of 66.68% and an Export turnover of Rs 76,667.48 Lakhs in 9MFY22 comparison to Rs 33,586.14 Lakhs in 9MFY24, registering a growth of 128.27%. The EBDITA (excl. other income) is also increased to Rs 14,020.84 Lakhs in Q3FY22 in comparison to Rs 7,817.28 Lakhs in Q3FY21 and Rs. 37,470.69 Lakhs in 9MFY22 as compared to Rs. 12,225.74 Lakhs in 9MFY21. The PAT has also increased to Rs 4512.42 Lakhs in Q3FY22 from Rs 1667.60 Lakhs in Q3FY21 and to Rs. 11984.91 Lakhs in S9MFY22 from Rs. -772.79 Lakhs in 9MFY21. Our new Fabrication facility at Jamshedpur had been approved by one of the leading European OEMs in the Mining & Earth Moving Industry and resulted in the commencement of serial production. This facility has also enabled us to make further in-roads in the railway segment which is one of the important sectors in our diversification strategy. We continue to look for new opportunities in both auto and non-auto industries along with focusing on increasing our export revenues which should result in sustainabie improvement in profitability. With strong demand, likely improvement in capacity utilization, the addition of new contracts and disciplined cash management. We target RKFL to be net debt free Company in next three years with further improvement in our performance in upcoming period. ” Result PDF