Ramkrishna Forgings Q1 result: PAT rises 3% to Rs 81 cr on higher income

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Ramkrishna Forgings Q1 result: PAT rises 3% to Rs 81 cr on higher income - Business Standard

Quick Summary:

Ramkrishna Forgings Ltd on Wednesday posted over 3 per cent rise in consolidated net profit to Rs 81 crore during the June quarter, on account of higher income.It had clocked Rs 78.52 crore profit for the period ended June 30, 2023, the company said in an exchange filing.

In a separate statement, the company's MD Naresh Jalan said, "Our revenues on a standalone basis stood at Rs 868 crore, reflecting our strong market presence and operational efficiency.

The company's total income rose to Rs 1,013.98 crore from Rs 896.99 crore in the April-June period of the preceding 2023-24 fiscal.Expenses were at Rs 897.46 crore as against Rs 793.36 crore a year ago.