Ramkrishna Forgings Q1FY24 Results: Consolidated PAT Rises to Rs. 78.52 Cr

Ramkrishna Forgings acquires Multitech Auto & Mal Metalliks for Rs 205 Cr

Ramkrishna Forgings Q1 results show revenue up from 893.43 crores to 896.99 crores, a 0.40% increase in growth. EPS rise from ₹4.25 to ₹4.85, up by 00%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Ramkrishna Forgings shared its Q1 results on Friday. They earned 896.99 crores in revenue this quarter, but that’s more than the 893.43 crores they made last quarter. The company’s growth increased by 0.40 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 78.52 crores, up from 68.45 crores in the previous quarter. Their quarter-to-quarter growth increased by 14.72 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹4.85, which is an increase of 14.12% from the ₹4.25 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 896.99 crores this year (2023), which is 28.15 percent higher than last year’s total revenue of 699.95 crores.

This year’s PAT (Profit After Tax) is 78.52 crores, which is also 52.82% higher than last year’s PAT of 51.38 crores.

The EPS (Earnings Per Share) for this year is ₹4.85, which is 50.62% more than the EPS of ₹3.22 earned last year.

Also Read: Aarti Drugs Q1FY24 Results: Consolidated PAT of Rs. 47.85 Cr

Ramkrishna Forgings Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Ramkrishna Forgings :

Ramkrishna Forgings Ltd. is engaged in the manufacturing of iron and steel forgings. The company’s primary focus lies in producing components for the automobile industry. However, its products are also supplied to various other industries, such as railways, aerospace, defense, material handling, construction equipment, and mining sectors.

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