Ramkrishna Forgings Reports 131% Profit Surge to ₹190 Crore in Q2 FY25

28 Oct 2024 , 05:23 PM

Ramkrishna Forgings Ltd. reported strong Q2 FY25 results, with consolidated net profit jumping 131% YoY to ₹190 Crore, up from ₹82.2 Crore in Q2 FY24.

The profit surge was primarily attributed to a one-time gain of ₹95 Crore from selling a subsidiary to Yatra Online.

Revenue from operations rose by 17.2%, reaching ₹1,054 Crore, compared to ₹899 Crore in the same period the previous year.

EBITDA for the quarter increased 16.2% YoY to ₹233 Crore, with a stable EBITDA margin of 22.1%, slightly down from 22.3% in Q2 FY24.

The steady demand across core business segments contributed to the revenue and profit growth.

The board announced an interim dividend of ₹1 per share, showcasing confidence in the company’s financial performance. The record date for the dividend is November 2, 2024, with payment expected within 30 days.