Lalit Khetan, executive director & CFO, Ramkrishna Forgings, said: “We have bagged another fabrication order to one of the biggest players in the energy segment strengthening our presence in non-auto sectors. This is in-line with our strategy to improve our revenue share of non-auto segment and diversify our business. We continue to explore newer opportunities to strengthen our non-auto business.”

Ramkrishna Forgings is a manufacturer of supplier of open and closed die forgings of carbon and alloy steel, micro alloy steel and stainless-steel forgings.

The company reported a consolidated net profit of Rs 44.06 crore in Q2 FY22 as against a net profit of Rs 1.45 crore in Q2 FY21. Net sales during the quarter increased by 129.7% Y-o-Y (year-on-year) to Rs 578.82 crore.

The scrip shed 0.40% to currently trade at Rs 1186.85 on the BSE. It traded in the range of 1174 and 1199.95 so far during the day.

On a year-to-date (YTD) basis, the stock has zoomed 148.26% while the benchmark Sensex has added 28.92% during the same period.