Hot Pursuit     21-Apr-22
Ramkrishna Forgings rises post announcement of order win
Ramkrishna Forgingd rose 4.72% to Rs 191.90 after announcing order win from European tier-1 axle manufacturer worth Rs 33 crore.
The export order received is for the period of five years for front axle business.

Commenting on the order win Lalit Khetan, executive director & CFO, Ramkrishna Forgings said: “Our recent orders have come from Tier 1 international customers who have proven their trust in our ability to deliver quality products on time. These orders not only increase the visibility of our international business but also strengthen our long-term customer relationships. Our company has performed admirably in both domestic and international markets. We are confident that our company will experience rapid growth in the future as a result of increased capacity and revenue visibility."

Ramkrishna Forgings is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons & coach and engineering parts.

On consolidated basis, the company reported 206.4% jump in net profit to Rs 45.35 crore on 49.3% increase in net sales to Rs 601.32 crore in Q3 FY22 over Q3 FY21.

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