Ramkrishna Forgings - Cruising Into Growth Trajectory: Dolat Capital
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Dolat Capital Report
Ramkrishna Forgings Ltd. reported a strong set of numbers with Revenue/Ebitda growth of 60/65% YoY led by recovery in both, domestic and export revenue and cost control measures.
Domestic business jumped 75% YoY at Rs 2.43 billion led by recovery in medium and heavy commercial vehicle segment, increase in content per vehicle and incremental revenue from light-commercial vehicle division.
Export too shot up by 45% to Rs 1.56 billion, driven by recovery in the North America Class 8/Class 5 truck segment and incremental revenue from Europe and South America.
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