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 

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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.

Click on the attachment to read the full report:

Dolat Capital Ramkrishna Forgings Q3FY21 Result update.pdf

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