
Ramkrishna Forgings Limited (NSE: RKFORGE), a leading manufacturer of forged and machined components, has announced its financial results for the third quarter of FY25, reporting steady growth across key metrics.
Key Highlights:
- Revenue: ₹953 crore, up 5.5% YoY from ₹903 crore in Q3FY24.
- EBITDA: ₹215 crore, marking a 3.8% YoY increase from ₹208 crore.
- EBITDA Margin: 22.6%, slightly lower than the 23.0% recorded in Q3FY24.
- Profit After Tax (PAT): ₹100 crore, reflecting a strong growth of 21% YoY, compared to ₹82 crore in the same period last year.
- PAT Margin: 10.4%, up from 9.1% YoY.
Nine-Month Performance (April–December 2024):
- Revenue: ₹2,774 crore, up 6.5% YoY.
- EBITDA: ₹610 crore, an increase of 2.9% YoY.
- PAT: ₹355 crore, a significant growth of 48.9% YoY, boosted by exceptional gains of ₹88 crore from the sale of Globe All India Services Limited.
Operational Highlights:
- Domestic Market:
- Sales volume increased by 7.02% YoY to 30,247 tons in Q3FY25.
- Revenue rose 2.9% YoY to ₹57,084 lakhs.
- Exports:
- Sales volume climbed by 12.2% YoY to 14,951 tons.
- Revenue grew by 9.8% YoY to ₹37,388 lakhs.
Management Commentary:
Naresh Jalan, Managing Director of Ramkrishna Forgings, stated, “We are pleased to report strong performance in Q3, driven by sustained momentum in exports and higher share of business across existing customers. The recent order wins worth ₹697 crore across various sectors, including railways, are expected to fuel long-term growth. Our focus on diversified products and segments positions us to tap into opportunities in EVs and hybrid vehicles.”
Outlook:
The company aims to leverage new growth levers, including expanded offerings in passenger and two-wheeler vehicles, and capacity augmentation in cold forging and aluminum forging. These initiatives, combined with automated production lines, are expected to enhance value creation and maintain growth momentum.
Ramkrishna Forgings continues to strengthen its operational framework, supported by positive ratings from CRISIL and a balanced strategy to navigate market challenges.