Ramkrishna Forgings has reported 27 per cent growth in profit after tax (PAT) at Rs 64 crore for September quarter 2022-23 on account of higher revenues.
It had clocked Rs 50.11 crore profit in July-September period a year ago, the company said in a statement on Wednesday.
During the quarter under review, revenue rose to Rs 762.55 crore from Rs 578.93 crore in the year-ago period.
In the first half (April-September) of the ongoing financial year, its PAT was Rs 111.20 crore, 48.81 per cent higher from Rs 74.72 crore in the year-ago period.
In the six-month period, sales volume was 41,257 tonne, up 47.17 per cent over the year-ago period.
Overall capacity utilization was 82.24 per cent for the second quarter of 2022-23.
"Our robust and diverse business model has yielded sustained growth momentum because of improved product mix and strong customer demand, our operating revenue increased by 31.72 per cent year-on-year. Improved capacity utilization led to operating leverage resultin
