Ramkrishna Forgings bags multi-year export order worth Rs 115 crore

Image
Capital Market
Last Updated : Jun 08 2022 | 12:51 PM IST

Ramkrishna Forgings said that the company has received an export order worth Rs 115 crore over a period of 4 years from a European Tier-1 supplier for a new differential housing case business.

Commenting on the order win, Lalit Khetan, executive director & CFO, Ramkrishna Forgings, said: It gives us great pleasure to announce the award of new differential housing case business by one of the major global Tier-1 suppliers from Europe.

The order win will assist us in taking forward our geographical diversification strategy and strengthen our European order book, by introducing new, high-quality products and moving up the value chain, we continue to diversify our product portfolio.

Ramkrishna Forgings is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons & coach and engineering parts.

The company reported a 142.9% jump in standalone net profit to Rs 86.65 crore on a 31.9% rise in revenue from operations to Rs 683.24 crore in Q4 FY22 over Q4 FY21.

The scrip shed 0.25% to currently trade at Rs 162.55 on the BSE.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 08 2022 | 12:31 PM IST

Next Story