Ramkrishna Forgings - Cruising Into Growth Trajectory: Dolat Capital 
A worker grinds the stock, another way of forming steel rather than forging, at the workshop in U.S. (Photographer Meg Roussos/Bloomberg)

Ramkrishna Forgings - Cruising Into Growth Trajectory: Dolat Capital 

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. 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.

Click on the attachment to read the full report:

Dolat Capital Ramkrishna Forgings Q3FY21 Result update.pdf


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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.