iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Ramkrishna Forging rises on bagging export order

30 Aug 2022 , 12:55 PM

The company said that the order is received from a market leader in rubber tracks for farm equipment and snowmobiles, as well as in solid and bias tyres for material handling equipment. It added that this order has a potential to become an annual business of Rs 80 crore ($10 million). Commenting on the order win, Lalit Khetan, executive director & CFO of Ramkrishna Forgings said: ?In order to significantly diversify our presence across various industries, we have secured another order in the non-auto segment. Because of our diverse product line and technology, we have been awarded a significant order worth Rs 20.5 crore ($2.58 million) per year for the supply of metal bars. This order demonstrates the international markets acceptance of our product quality and technological capability. Our continuous R&D has resulted in a significant expansion of our product portfolio in international and domestic markets, which will undoubtedly open more doors for future growth.? Ramkrishna Forgings is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons & coach and engineering parts. The company reported a 92% jump in standalone net profit to Rs 47.26 crore on a 56% rise in revenue from operations to Rs 650.75 crore in Q1 FY23 over Q1 FY22. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.