RAMKRISHNA FORGINGS LTD. - 532527 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
Report of the Monitoring Agency in respect of utilization of proceeds of the Qualified Institutional Placement (QIP) for the quarter ended 31st December, 2023. RAMKRISHNA FORGINGS LTD. - 532527 - Statement On Deviation Or Variation In Utilisation Of Funds Raised Through Qualified Institutional Placement (QIP)
Statement on Deviation or Variation in Utilisation of funds raised through Qualified Institutional Placement. Q3FY24 Quarterly Result Announced for Ramkrishna Forgings Ltd.
Industrial Products company Ramkrishna Forgings announced Q3FY24 results: Financial Performance Highlights: Total Income: Ramkrishna Forgings reported a significant increase in total income, reaching Rs 90,288 lakh, a 20% YoY improvement. EBITDA: Earnings before interest, tax, depreciation, and amortization amounted to Rs 20,750 lakh, marking a substantial 25% growth from the previous year. EBITDA Margin: The margin for the quarter stood at 23.0%, a positive change of 90 basis points on a YoY basis. PAT (Profit After Tax): PAT escalated to Rs 8,226 lakh, with a YoY gain of 43%, with margins increasing by 140 basis points to 9.1%. Operational Highlights: Capacity Utilization: The company achieved a capacity utilization of 96% in Q3FY24, showing continued improvement from 88% in Q2FY24 and 86% in Q3FY23. Sales Volume: Q3FY24 sales volume increased by 35.6% YoY to 28,263 MT, and 9MFY24 sales volume rose by 22.8% to 76,277 MT. Domestic Market Revenue: Revenue in the domestic market surged by 32.3% in Q3FY24 to Rs 55,456 lakh, and the revenue over the nine months grew by 20.2% to Rs 150,825 lakh. Export Market Sales: In the export market, the sales volume in Q3FY24 rose by 6.2% YoY to 13,323 MT, and revenue for the quarter increased by 4.1% to Rs 34,047 lakh. Strategic and Corporate Developments: Fundraising Through QIP: The company successfully raised Rs 1,000 crore through its first-ever Qualified Institutional Placement (QIP). Acquisition Update: Received a written order from NCLT New Delhi approving the resolution plan for acquiring ACIL Limited. Commenting on the results Naresh Jalan, Managing Director, Ramkrishna Forgings, said: “During the quarter, the company registered a strong performance across segments & geographies, with YoY growth of 20% in revenues and 43% in profitability. EBITDA margins stood at 23% driven by operating leverage and a sharp focus on cost control. We are committed to maintaining a sound financial position. The success of our QIP of 1,000 crore further strengthens our financial foundation, providing additional resources for strategic initiatives. The recent approval by NCLT Delhi for the acquisition of ACIL Limited aligns with our strategies, positioning us for a healthy and robust expansion in the next phase. The commercial vehicle segment, especially post the festive season, has seen steady growth due to increased fleet utilization amid heightened economic and infrastructure activities. We expect this positive momentum to continue in the coming quarters. We're committed to global expansion, diversifying products, exploring high-margin niche products, and increasing productivity through automation. Despite potential global disruptions affecting demand, we remain optimistic about sustaining momentum, supported by strong cash flow. We appreciate the continued trust and support of our stakeholders in this exciting growth phase.” Result PDF RAMKRISHNA FORGINGS LTD. - 532527 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed herewith our Press Release titled "Q3 and 9M FY24 Earnings Release". RAMKRISHNA FORGINGS LTD. - 532527 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed herewith the copy of Q3 and 9M FY24 Earnings Presentation of the Company for the Quarter and Nine Months ended RAMKRISHNA FORGINGS LTD. - 532527 - Un-Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended 31St December, 2023.
Un-audited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended 31st December, 2023. RAMKRISHNA FORGINGS LTD. - 532527 - Board Meeting Outcome for Outcome Of Board Meeting Under Regulation 30 And 33 Of The SEBI LODR Regulations, 2015
Please be informed that the Board of Directors at its meeting held today i.e. Thursday, 18th January, 2024, has inter alia considered and approved the following: 1) Un-audited Standalone and Consolidated Financial Results of the Company for the Quarter and Nine Months ended 31st December, 2023 along with the Limited Review Report issued by the Statutory Auditors of the Company (Enclosed). 2) Based on the recommendation of the Nomination and Remuneration Committee, the Board considered and approved the re-appointment of Mr. Ranaveer Sinha (DIN - 00103398), as an Independent Director of the Company for second consecutive term of five years commencing form 2nd February, 2024 upto 1st February, 2029, subject to shareholders' approval. 3) Approved the Postal Ballot Notice. 4) Approved Sale of land measuring 5.81 acres alongwith Building from Mal Metalliks Private Limited, Step Down Subsidiary, to Ramkrishna Forgings Limited. RAMKRISHNA FORGINGS LTD. - 532527 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Compliance under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st December, 2023. RAMKRISHNA FORGINGS LTD. - 532527 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Earnings Call Intimation - Q3 FY 2023-24 Financial Results RAMKRISHNA FORGINGS LTD. - 532527 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Earnings Call Intimation for Q3 FY 2023-24 Financial Results