RAMKRISHNA FORGINGS Q1 PROFIT SURGES 298% Y-O-Y, COMPANY OUTLINES CAPEX OF Rs 170 CRORE

$RKFORGE has reported a consolidated profit after tax of Rs 47 crore for the first quarter ended Jun26, marking a 298% increase from Rs 12 crore recorded in the corresponding period of the previous fiscal year. Revenue from operations rose 20% year-on-year to Rs 1,217 crore, matching the top-line figure generated in the preceding quarter ended Mar26. The company has announced a Rs 170 crore capital expenditure aimed at establishing a manufacturing project for passenger vehicle components and installing a 4,000 metric tonne press line to expand total forging capacity.