Ramkrishna Forgings’ March Quarter Net Profit Triples Despite Revenue Dip

Ramkrishna Forgings consolidated net profit for the March quarter tripled year on year to ₹2 billion. However, revenue for the quarter fell nearly 3% to ₹9.5 billion. Sequentially, the profit soared nearly tenfold while revenue dropped almost 12%.

The company’s material costs rose 6% year on year to ₹5.1 billion. Power and fuel expenses increased 2% to ₹617.5 million, while depreciation and amortisation went up 18% to ₹847 million. Finance costs rose 42% to ₹486.4 million. Overall, total expenditure climbed 10% to ₹9.8 billion.

The quarter also saw a tax write-back of ₹2.2 billion, compared with a tax expense of ₹341.2 million a year ago.

For 2024-25, net profit rose nearly 43% to ₹4.2 billion, with revenue up nearly 9% to ₹40.3 billion. The company announced an interim dividend of ₹1 per share.