Oct 30, 2017 09:49 AM IST | Source: Moneycontrol.com
Ramkrishna Forgings hits 52-week high on turning profitable in Q2
The company has reported net profit of Rs 23.5 crore in Q2FY18 against loss of Rs 5 crore in the same quarter last fiscal.
ByMoneycontrol News
Moneycontrol News
Shares of Ramkrishna Forgings touched 52-week high of Rs 824.95, surging 17 percent intraday Monday as it has turned profitable in the quarter ended September 2017 (Q2FY18).
The company has reported net profit of Rs 23.5 crore in Q2FY18 against loss of Rs 5 crore in the same quarter last fiscal.
Its revenue increased 114 percent at Rs 333 crore.
The operating profit (EBIDTA) was up 130 percent at Rs 65 crore and margins was up 150 bps at 19.5 percent.
At 09:46 hrs Ramkrishna Forgings was quoting at Rs 748.45, up Rs 42.25, or 5.98 percent on the BSE.
Posted by Rakesh Patil
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