Ramkrishna Forgings Reports Solid Q3 Growth with 21% Profit Increase
Ramkrishna Forgings Limited, one of India’s leading forging companies, has posted a notable rise in its financial performance for the third quarter (October-December) of the fiscal year 2024-25. The company achieved a standalone net profit of INR 995.40 million ($1.10 million), reflecting a solid 21% year-on-year increase from the same quarter of the previous year. This growth highlights the company’s operational efficiency and successful strategies in a competitive market.
Revenue and Operational Performance
RFL reported revenue from operations for the third quarter at INR 9.52 billion ($110.01 million), marking a year-on-year growth of 5.52%. The increase in revenue was attributed to the higher demand for its products, especially in the domestic market, coupled with improved operational efficiencies.
The growth in revenue demonstrates the company’s ability to adapt to changing market conditions and leverage its strong customer base, even amidst challenges in the global economy. With a robust operational strategy, RFL has been able to meet rising demands, especially in the automotive and industrial sectors where it plays a pivotal role.
Strong Domestic Sales Drive Performance
In terms of volume, RFL’s performance in the domestic market showed a strong upward trend. The company recorded a sales volume of 30,247 metric tons (mt) for the third quarter, marking a 7% increase compared to the same period in the previous fiscal year. This rise in sales volume reflects the increasing demand for its products, particularly in the automotive and industrial sectors.
RFL’s ability to expand its presence in the domestic market has significantly contributed to its financial success. The company has benefited from its reputation for delivering high-quality forged products and its commitment to customer satisfaction.
