ECONOMY

Ramkrishna Forgings Q4 Review – Good Show, Exports To Remain Key Growth Driver: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

Dolat Capital Ramkrishna Forgings Q4FY21 Result Update.pdf

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