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ramkrishna forgings Ltd.’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales increased by 14.76 % in YoY and decreased by 3.26 % in QoQ

May 3, 2024May 3, 2024| adminadmin| 0 Comments| 3:50 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 14.76 % in the past year, decrease in net sales/revenue by -3.26 %.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 937.43 %. Marginal increase in other income during this quarter, up by 1113.73%.
  • Profit over the Year and quarter: Significant improvement in profitability for ramkrishna forgings Ltd.. Notable increase of 37.1 % in net profit Year to Year, ramkrishna forgings Ltd.’s profitability increased by 8.04 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 21.26 % Year to Year. EPS increased by 3.39 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of ramkrishna forgings Ltd.”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 891.642 Cr Rs. 1057.791 Cr Rs. 1023.265 Cr -3.26 % + 14.76 %
Expenses Rs. 697.64 Cr Rs. 833.29 Cr Rs. 805.8 Cr -3.3 % + 15.5 %
Operating Profit Rs. 194 Cr Rs. 224.5 Cr Rs. 217.47 Cr -3.13 % + 12.1 %
OPM % 21.76 % 21.22 % 21.25 % + 0.03 % -0.51 %
Other Income Rs. 1.79 Cr Rs. 1.53 Cr Rs. 18.57 Cr + 1113.73 % + 937.43 %
Interest Rs. 33.55 Cr Rs. 41.04 Cr Rs. 35.69 Cr -13.04 % + 6.38 %
Depreciation Rs. 55.8 Cr Rs. 67.63 Cr Rs. 71.9 Cr + 6.31 % + 28.85 %
Profit before tax Rs. 106.44 Cr Rs. 117.36 Cr Rs. 128.45 Cr + 9.45 % + 20.68 %
Tax % 35.7 % 25.99 % 26.83 % + 0.84 % -8.87 %
Net Profit Rs. 68.45 Cr Rs. 86.86 Cr Rs. 93.85 Cr + 8.05 % + 37.11 %
EPS in Rs Rs. 4.28 Rs. 5.02 Rs. 5.19 + 3.39 % + 21.26 %


Today, we’re looking at ramkrishna forgings Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 14.76 %. However, it did see a marginal slip of -3.26 % from the previous quarter. Expenses decreased slightly by -3.3 % quarter-on-quarter, aligning with the annual rise of 15.5 %. Operating profit, while up 12.1 % compared to last year, faced a quarter-on-quarter dip of -3.13 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.51 %, but an expansion of 0.03 % sequentially. Other income rose by 1113.73 % compared to the last quarter, despite an annual growth of 937.43 %. Interest expenses dropped significantly by -13.04 % from the previous quarter, yet the year-over-year increase remains at a moderate 6.38 %. Depreciation costs climbed by 6.31 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 28.85 %. Profit before tax grew annually by 20.68 % but saw an increase from the preceding quarter by 9.45 %.
Tax expenses as a percentage of profits decreased slightly by -8.87 % compared to last year, with a more notable quarter-on-quarter increase of 0.84 %. Net profit rose by 37.11 % year-on-year but experienced a 8.05 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 21.26 % but a quarterly rise of 3.39 %. In summary, ramkrishna forgings Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 891.642 Cr Rs. 1057.791 Cr Rs. 1023.265 Cr -3.26 % + 14.76 %
Expenses Rs. 697.64 Cr Rs. 833.29 Cr Rs. 805.8 Cr -3.3 % + 15.5 %
Operating Profit Rs. 194 Cr Rs. 224.5 Cr Rs. 217.47 Cr -3.13 % + 12.1 %
Net Profit Rs. 68.45 Cr Rs. 86.86 Cr Rs. 93.85 Cr + 8.05 % + 37.11 %
EPS in Rs Rs. 4.28 Rs. 5.02 Rs. 5.19 + 3.39 % + 21.26 %


In reviewing ramkrishna forgings Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 14.76 % year-on-year growth, although there was a slight dip of -3.26 % from the previous quarter. Expenses rose by 15.5 % compared to the previous year, with a decrease of -3.3 % quarter-on-quarter. Operating Profit surged by 12.1 % annually, and saw a -3.13 % decrease from the last quarter.
Net Profit showed yearly increase of 37.11 %, and experienced a 8.05 % increase from the previous quarter. Earnings Per Share (EPS) rose by 21.26 % annually, however rose by 3.39 % compared to the last quarter. In essence, while ramkrishna forgings Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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