2025-04-08 17:43:05
Latest Post
Godrej Properties delivers its highest ever quarterly and full year bookings
Poonawalla Fincorp Launches Shopkeeper Loan Business
Revolt Motors Expands to 200 Dealerships, Targets 400 by FY26
Sobha Ltd - Real Estate Operational Update - Q4 FY 2024-25
Lemon Tree Hotels signs a new property in DarjeelingStock Report
Ramkrishna Forgings Ltd posts consolidated PAT of Rs. 24.68 crores in Q1FY22
Posted On : 2021-07-26 21:55:51( TIMEZONE : IST )
RAMKRISHNA FORGINGS LTD. has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.417.68 crores during the period ended June 30, 2021 as compared to Rs.522.80 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.24.68 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.33.88 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.7.72 for the period ended June 30, 2021 as compared to Rs.10.60 for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY20-21 | % Change |
| Total Income | ₹ 417.68 crs | ₹ 522.80 crs |  -20.11% |
| Net Profit | ₹ 24.68 crs | ₹ 33.88 crs | -27.15% |
| EPS | ₹ 7.72 | ₹ 10.60 | -27.17% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.417.68 crores during the period ended June 30, 2021 as compared to Rs.114.56 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.24.68 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(29.47) crores for the period ended June 30, 2020.
The company has reported EPS of Rs.7.72 for the period ended June 30, 2021 as compared to Rs.(9.11) for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 417.68 crs | ₹ 114.56 crs |  264.59% |
| Net Profit | ₹ 24.68 crs | ₹ (29.47) crs | 183.75% |
| EPS | ₹ 7.72 | ₹ (9.11) | 184.74% |
Commenting on the results Mr. Mahabir Prasad Jalan, Chairman, Ramkrishna Forgings Limited said: "The Company has achieved a turnover of Rs 412.86 Crores in Q1FY22 in comparison to Rs 115.85 Crores in Q1FY21 registering an increase of 256.4% YOY. The Company has achieved an Export turnover of Rs 218.23 Crores in Q1FY22 in in comparison to Rs 66.15 Crores, registering a growth of 229.9%. The EBDITA (excl. other income) is also Rs 95.32 Crores in Q1 FY22 in comparison to Rs -1.49 Crores in Q1FY21. The PAT has also increased to Rs 24.61 Crores in Q1 FY22 from Rs -26.47 Crores in Q1FY21.
The Company has achieved highest EBITDA margin of 23.09% during this quarter and expects to maintain similar margins in upcoming quarters.
With the commissioning of Hollow Spindle Line, 7000T Press Line along with Fabrication facilities for coach shells for LHB coaches till Q1 FY22 and further with commissioning of additional press line of 2000T (warm forging) which will enhance the forging capacity by 9900 Tons in Q2 FY22. With this addition the total capacity will be 1,87,100 tons per annum and will mark an end to our current capex cycle. The above will lead to savings in raw material consumption due to better input output ratio, thereby adding improvement in profitability.
With the above facility the Company will improve further its presence to customers in terms of content per vehicle, new product developments and improve upon its ability to develop further new products across all customers and all geography."
Adding further on the results Mr. Naresh Jalan, Managing Director said: "Our performance has been in line with our expectations given the overall impact of 2nd wave of COVID-19 and resultant restrictions. However, in Domestic Commercial Vehicle (CV) market our performance was sub optimal due to overall low demand. From 3rd week of June, we see domestic market stabilizing and improvement in utilization of fleet owners and improvement in freight rates.
We feel there should be considerable pick up in Commercial Vehicle (CV) demand from Q2 & followed by festive season demand in Q3.
The recent new order wins shows that Company has been able to create significant in roads in European CV market, strengthening Company's exports orderbook further.
We have also made significant foray in roads in Mining & Excavator segments in domestic market. In view of above, we are very confident of strong performance in upcoming quarters."
Shares of RAMKRISHNA FORGINGS LTD. was last trading in BSE at Rs. 817.35 as compared to the previous close of Rs. 793.6. The total number of shares traded during the day was 28437 in over 2525 trades.
The stock hit an intraday high of Rs. 832 and intraday low of 801.9. The net turnover during the day was Rs. 23151165.
