Ramkrishna Forgings share price hits 52-week high on turning profitable in Q1

Stocks

Revenue of the company was up at Rs 417.1 crore against Rs 113.6 crore, YoY.

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var titStr=”;var editw=”; var typevar=”; var pparr= new Array(‘Monitoring your investments regularly is important.’,’Add your transaction details to monitor your stock`s performance.’,’You can also track your Transaction History and Capital Gains.’); var phead =’Why add to Portfolio?’; if(secglbVar ==1) { var stkdtxt=’this stock’; var fltxt=’ it ‘; typevar =’Stock ‘; if(lastRsrs.length>1){ stkdtxt=’these stocks’; typevar =’Stocks ‘;fltxt=’ them ‘; } } //var popretStr =lvPOPRHS(phead,pparr); //$ (‘#poprhsAdd’).html(popretStr); //$ (‘.btmbgnwr’).show(); var tickTxt =’‘; if(typparam1==1) { var modalContent = ‘Watchlist has been updated successfully.’; var modalStatus = ‘success’; //if error, use ‘error’ $ (‘.mc-modal-content’).text(modalContent); $ (‘.mc-modal-wrap’).css(‘display’,’flex’); $ (‘.mc-modal’).addClass(modalStatus); //var existsFlag=$ .inArray(‘added’,newappndStr[1]); //$ (‘#toptitleTXT’).html(tickTxt+typevar+’ to your watchlist’); //if(existsFlag == -1) //{ // if(lastRsrs.length > 1) // $ (‘#toptitleTXT’).html(tickTxt+typevar+’already exist in your watchlist’); 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Ramkrishna Forgings touched 52-week high of Rs 832, gaining 5 percent intraday on July 26 after the company turned profitable in the quarter ended June 2021.

The company has reported consolidated net profit at Rs 24.7 crore against loss of Rs 29.5 in a year ago period. Revenue of the company was up at Rs 417.1 crore against Rs 113.6 crore, YoY.

Its consolidated earnings before, interest, tax, depreciation and amortization (EBITDA) was at Rs 95.8 crore against EBITDA loss of Rs 4.8 crore.

ramkrishna

At 14:25 hrs Ramkrishna Forgings was quoting at Rs 812, up Rs 18.40, or 2.32 percent on the BSE.