Ramkrishna Forgings Q4 Review - Good Show, Exports To Remain Key Growth Driver: Dolat Capital
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Dolat Capital Report
Ramkrishna Forgings Ltd. reported a strong set of numbers with revenue/Ebitda growth of 29/38% QoQ in Q4 led by recovery in both domestic and export revenue and cost control measures.
Domestic business jumped 33% QoQ at Rs 3.23 billion led by recovery in medium and heavy commercial vehicle segment, price hike and increase in content per vehicle.
Export too shot up by 22% QoQ to Rs 1.89 billion, driven by recovery in the North America class eight trucks and incremental revenue from Europe and light commercial vehicle division.
Management stated that India business is facing Covid-19 induced uncertainty and lockdown in several states, however sharp pickup expected from June onwards.
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