20, Jan 2025
Ramkrishna Forgings Reports Steady Growth with 5.5% Revenue and 3.8% EBITDA Increase in Q3FY25
Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged, and machined products, has reported its unaudited financial results for the quarter and nine months ended December 31, 2024.
Standalone Q3FY25 Financial Highlights
Revenue | EBITDA* | PAT |
Rs. 953 crore | Rs. 215 crore | Rs. 100 crore |
???? +5.5% YoY | ???? +3.8% YoY | ????+21.0% YoY |
In Rs Crores | Q3FY25 | Q3FY24 | Y-o-Y
Change |
9MFY25 | 9MFY24 | Y-o-Y
Change |
Revenue | 953 | 903 | 5.5 % | 2,774 | 2,603 | 6.5% |
EBITDA | 215 | 208 | 3.8 % | 610 | 593 | 2.9% |
EBITDA Margin | 22.6% | 23.0% | 22.0% | 22.8% | ||
PAT | 100 | 82 | 21.0 % | 355* | 239 | 48.9% |
PAT Margin | 10.4% | 9.1% | 12.8% | 9.2% |
Operational Highlights
- CRISIL Ratings Limited has reaffirmed the same rating for the Company’s Bank Facilities, indicating a positive assessment of its financial position and business performance. This reflects the Company’s steady efforts to strengthen its financial and operational framework.
Domestic Markets (Standalone)
- In Q3FY25, sales volume was 30,247 T, as compared to 28,263 T in Q3FY24 representing a YoY increase of 7.02%.
- Revenue grew by 9% for Q3FY25 to Rs. 57,084 Lakhs as compared to Rs. 55,456 Lakhs in Q3FY24.
Exports Markets (Standalone)
- In Q3FY25, sales volume was 14,951 T as compared to 13,323 T in Q3FY24 representing a YoY increase of 12.2%.
- Revenue grew by 8% in Q3FY25 to Rs. 37,388 Lakhs as compared to Rs. 34,047 Lakhs in Q3FY24.
Commenting on the results Mr. Naresh Jalan, Managing Director, Ramkrishna Forgings Limited said:
We are pleased to report a strong performance in the third quarter with Consolidated Revenues higher by 8% on a y-o-y 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.”
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- By Biswaranjan Jena



