Q1 2025 Ramkrishna Forgings Ltd Earnings Call Transcript
Key Points
- Ramkrishna Forgings Ltd (BOM:532527) reported a year-on-year revenue growth of 4% for Q1 FY 25.
- The company's EBITDA margin expanded by 70 basis points year-on-year, reaching 23.1% for Q1 FY 25.
- The company has secured new order inflows worth 1,679 crores during the quarter, with significant contributions from North America, Europe, and India.
- Ramkrishna Forgings Ltd (BOM:532527) is optimistic about future growth opportunities, particularly in the automotive and railway sectors.
- The company has successfully restarted operations in its subsidiaries, leading to improved margins and operational efficiency.
- Net profit after tax for Q1 FY 25 decreased to 73.1 crores compared to 77 crores in Q1 FY 24.
- Domestic revenue for the quarter was muted, partly due to lower offtake and a decrease in raw material prices.
- The company faced a one-off expense of 17.54 crores, impacting the EBITDA margin.
- There is ongoing uncertainty in the steel market, which could affect future realizations and margins.
- Shipping costs have increased, adding to the overall expenses and impacting profitability.
(audio in progress) On behalf of Nuvama Wealth management, I would like to welcome you all to this earnings call of Ramkrishna Forgings. I would like to thank the management for giving us this opportunity. We have with us today Mr. Naresh Jalan, Managing Director; Mr. Lalit Kumar Khetan, Whole-Time Director and Chief Financial Officer; Mr. Chaitanya Jalan, Whole-Time Director; Mr. Milesh Gandhi, Executive Director, Marketing; and Mr. Rajesh Mundhra, Vice President, Finance and Company Secretary.
Before we begin, may I remind you of the Safe Harbor. The management may be making some forward-looking statements that have to be understood in conjunction with the uncertainty and the risk the company faces.
I shall now hand over the call to Mr. Lalit Kumar Khetan for opening remarks. Over to you, Lalit sir.
Hello? Okay. Let me start. Okay, much better.
Ladies and gentlemen, good evening and a very warm welcome to everyone present on the
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