Dolat Capital: Ramkrishna Forgings Posts Strong Q2 Performance Amid Tough Times
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Dolat Capital Report
Ramkrishna Forgings Ltd. reported a decent set of numbers in Q2 FY21 amid a challenging environment, led by recovery in both, domestic and export revenue and cost control measures.
Despite contraction in gross margin, Ebitda margin remains flat YoY at 18.1%.
Management stated that exports are ramping up and revenue for FY21 is expected to be better than FY20 due to incremental revenue from South America and Europe.
The company is focusing on expanding business across different geographies and customers with new capacities in place to cater to railways, light commercial vehicle and passenger vehicle segments.
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