Conference Call with Ramkrishna Forgings Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Industrial Products company Ramkrishna Forgings announced Q3FY25 results Standalone Financial Highlights: Revenue from Operation: Rs 95,272 lakh, change 5.5% YoY. EBITDA & Margin: Rs 21,545 lakh, change 22.6% YoY, Margin 22.6% for Q3FY25. ROCE: 15.5% for Q3FY25. Consolidated Financial Highlights: Revenue from Operation: Rs 1,07,378 lakh, change 7.9% YoY. EBITDA & Margin: Rs 23,152 lakh, change 5.4% YoY, Margin 21.6% for Q3FY25. ROCE: 15.5% for Q3FY25. Naresh Jalan, Managing Director, Ramkrishna Forgings, said: We are pleased to report a strong performance in the third quarter with Consolidated Revenues higher by 8% on a YoY basis. This is despite de-growth growth in domestic CV volumes of 4%. Our growth has been driven by higher share of business across existing customers supported by ramp up of new components and order wins awarded in recent quarters. We have also witnessed sustained momentum in exports this quarter. In terms of order wins, we have received orders amounting to Rs 697 crore to be executed over a period of four years across from Non Auto segment including Railways. The outlook remains exciting both for the near and medium term on the back of multiple growth levers of new products, new customers, new verticals being served and new capacities. We are set to commence offerings towards two-wheelers and passenger vehicles, in the coming months and quarters. This will enable further growth coming from the automotive sector, as we have not catered to these segments earlier. We are also excited by the prospects from new components as well as new assemblies. Capacity augmentation in cold forging and aluminum forging will aid growth, while newer, more automated lines and more value engineered lines, will enable higher value addition. Our plan for streamlining of our subsidiaries is progressing well and we are set to scale up our offerings in casting which will complement our robust track record in forged products. With our recent entry into aluminum forging, we are also well positioned to address the opportunities from EV and hybrid vehicles. Our strategy of diversified growth, underpinned by a balanced approach to risk and return, will help us to drive sustained value creation for all stakeholders.” Result PDF
Conference Call with Ramkrishna Forgings Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Industrial Products company Ramkrishna Forgings announced Q2FY25 results Financial Highlights: Revenue: Rs 952 crore, compared to Rs 865 crore during Q2FY24, change 10.1% YoY. EBITDA: Rs 212 crore, compared to Rs 198 crore during Q2FY24, change 7.0% YoY. PAT: Rs 183 crore, compared to Rs 80 crore during Q2FY24, change 129.8% YoY. Naresh Jalan, Managing Director, Ramkrishna Forgings said: “We continue to undertake steps to solidify our growth prospects. In addition to sustained momentum in order wins, we are engaging more deeply with our existing and prospective customers to offer comprehensive solutions. The addition of capacity and capabilities will ensure that we are well positioned to enhance wallet share across our customer set even as we build out several new offerings and further diversify the industries we serve. This multi-dimensional approach will not only allow us to scale efficiently but will also position us to lead in emerging sectoRs In this quarter, your company has received a significant order inflow, amounting to Rs 1,522 crore to be executed over a period of four years across various geographies and segment. During the quarter, we have divested our stake in Hospitality Company - Globe All India Services Limited to Yatra Online Limited for an all cash consideration of Rs 128 crore. Further, our Board has approved investment of Rs 57.5 crore towards setting up of Aluminium forging capacity at Jamshedpur, which will cater primarily to EV segment, significantly enriching our presence in the EV market. This will ensure more optimum capital allocation with capital from non-core businesses being unlocked and divested into core, growth oriented areas. Further, our capacity expansion plans and initiatives to streamline our corporate structure continue to progress well. At the heart of our strategy is a relentless focus on operational excellence. We are committed to executing with precision, ensuring that every aspect of our business delivers value, from manufacturing to service delivery. By deepening our engagement with high-quality customers and partners, we will continue to provide the exceptional solutions and support that our stakeholders expect. This disciplined approach to business execution will drive not only top-line growth but also enhance the overall customer experience, further solidifying our market position. Throughout this journey, we remain committed in creating sustained value for our shareholdeRs As we diversify our growth initiatives, we will maintain a balanced approach to risk and return, ensuring that every decision we make contributes to long-term value creation. Our focus will be on generating consistent returns, optimizing capital allocation, and enhancing operational efficiencies, all while staying true to our mission of delivering superior performance and shareholder value." Result PDF