BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Ramkrishna Forgings Ltd.'s Q2 FY22 results were ahead of estimates, led by better mix and improving operational efficiencies.
Standalone Ebitda grew 46% QoQ to Rs 1.39 billion with expanded Ebitda margin at 24% (up 119 basis points QoQ) due to better mix (export contributed 50% of overall revenue) and improvement in realisation per tonne.
However Ramkrishna Forgings' consolidated Ebitda was 3% lower at 21% due to loss in U.S. subsidiary and Indian-accounting standard adjustment.
Management anticipate strong revenue in H2 FY22 aided by recovery in the domestic commercial vehicle volume and buoyant export volume.
Domestic commercial vehicle demand is improving, multi axle vehicle, tipper and intermediate commercial vehicle are showing good traction.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.