Ramkrishna Forgings profit increases 920.69% in (Q3) FY 2020-21

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Team Infinities:

Ramkrishna Forgings Limited NSE Symbol:RKFORGE, BSE Security Code:532527 has declared its 3rd(third) quarter unaudited consolidated financial report from the month of October, 2020 to the month of December, 2020; for the fiscal year 2020-21.

Revenue Reported by Ramkrishna Forgings Limited for Third Quarter FY, 2020-21
Current Quarter (October, 2020 - December, 2020) Previous Quarter (July, 2020 - September, 2020) Corresponding Quarter (October, 2019 - December, 2019) 9 Months Ended (April, 2020 - December, 2020) Corresponding 9 Months Ended (April, 2019 - December, 2019)
404.10 253.05 285.46 771.72 979.36
Calculated Revenue of Ramkrishna Forgings Limited for Third Quarter FY, 2020-21
Current(December, 2020) VS Previous(September, 2020) Current(December, 2020) VS Corresponding(December, 2019) 9 months Ended(April, 2020 - December, 2020) VS Corresponding 9 months Ended(April, 2019 - December, 2019)
Change Change % Change Change % Change Change %
151.05 59.69%(Revenue Increase) 118.64 41.56%(Revenue Increase) 207.64 21.20%(Revenue Decrease)

Revenue: Ramkrishna Forgings Limited's financial report shows that the company's revenue increased by 59.69% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for revenue increase of Rs.151.05 crores, as the company posted revenue of Rs.404.10 crores; in compare to previous quarter(July, 2020 - September, 2020) when the company reported revenue of Rs.253.05 crores.
The result also shows that the company's revenue increased by 41.56% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for revenue increase of Rs.118.64 crores; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted revenue of Rs.285.46 crores.
The company also reported that its revenue decreased by 21.20% in 9 months end(April, 2020 - December, 2020) for revenue decrease of Rs.207.64 crores, since the company reported revenue of Rs.771.72 crores; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company posted revenue of Rs.979.36 crores.

Gross Margin(%) Reported by Ramkrishna Forgings Limited for Third Quarter FY, 2020-21
Current Quarter (October, 2020 - December, 2020) Previous Quarter (July, 2020 - September, 2020) Corresponding Quarter (October, 2019 - December, 2019) 9 Months Ended (April, 2020 - December, 2020) Corresponding 9 Months Ended (April, 2019 - December, 2019)
48.18 56.29 57.41 54.28 51.58
Calculated Gross Margin(%) of Ramkrishna Forgings Limited for Third Quarter FY, 2020-21
Current(December, 2020) VS Previous(September, 2020) Current(December, 2020) VS Corresponding(December, 2019) 9 months Ended(April, 2020 - December, 2020) VS Corresponding 9 months Ended(April, 2019 - December, 2019)
Change Change % Change Change % Change Change %
8.11 14.41%(GM Decrease) 9.24 16.09%(GM Decrease) 2.69 5.22%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 14.41% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for 8.11% GM decrease, as the company reported 48.18% GM; in compare to previous quarter(July, 2020 - September, 2020) when the company reported 56.29% GM.
The result also indicates, the company's GM decreased by 16.09% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for 9.24% GM decrease; in compare to corresponding quarter(October, 2019 - December, 2019) when the company reported 57.41% GM.
The company also reported that its GM increased by 5.22% in 9 months end(April, 2020 - December, 2020) for 2.69% GM increase, since the company reported 54.28% GM; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company reported 51.58% GM.

EBITDA Reported by Ramkrishna Forgings Limited for Third Quarter FY, 2020-21
Current Quarter (October, 2020 - December, 2020) Previous Quarter (July, 2020 - September, 2020) Corresponding Quarter (October, 2019 - December, 2019) 9 Months Ended (April, 2020 - December, 2020) Corresponding 9 Months Ended (April, 2019 - December, 2019)
77.13 46.47 50.61 119.79 173.89
Calculated EBITDA of Ramkrishna Forgings Limited for Third Quarter FY, 2020-21
Current(December, 2020) VS Previous(September, 2020) Current(December, 2020) VS Corresponding(December, 2019) 9 months Ended(April, 2020 - December, 2020) VS Corresponding 9 months Ended(April, 2019 - December, 2019)
Change Change % Change Change % Change Change %
30.66 65.98%(EBITDA Increase) 26.52 52.40%(EBITDA Increase) 54.10 31.11%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 65.98% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for EBITDA increase of Rs.30.66 crores, as the company posted EBITDA of Rs.77.13 crores; in compare to previous quarter(July, 2020 - September, 2020) when the company reported EBITDA of Rs.46.47 crores.
The result also shows that the company's EBITDA increased by 52.40% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for EBITDA increase of Rs.26.52 crores; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted EBITDA of Rs.50.61 crores.
The company also reported that its EBITDA decreased by 31.11% in 9 months end(April, 2020 - December, 2020) for EBITDA decrease of Rs.54.10 crores, since the company reported EBITDA of Rs.119.79 crores; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company posted EBITDA of Rs.173.89 crores.

Profit and Loss Reported by Ramkrishna Forgings Limited for Third Quarter FY, 2020-21
Current Quarter (October, 2020 - December, 2020) Previous Quarter (July, 2020 - September, 2020) Corresponding Quarter (October, 2019 - December, 2019) 9 Months Ended (April, 2020 - December, 2020) Corresponding 9 Months Ended (April, 2019 - December, 2019)
14.80(Profit ) 1.45(Profit ) 2.28(Profit ) 13.22(Loss ) 17.27(Profit )
Calculated Profit and Loss of Ramkrishna Forgings Limited for Third Quarter FY, 2020-21
Current(December, 2020) VS Previous(September, 2020) Current(December, 2020) VS Corresponding(December, 2019) 9 months Ended(April, 2020 - December, 2020) VS Corresponding 9 months Ended(April, 2019 - December, 2019)
Change Change % Change Change % Change Change %
13.35 920.69%(Profit Increase) 12.52 549.12%(Profit Increase) 30.49 176.55%(Loss Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 920.69% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for profit increase of Rs.13.35 crores, as the company posted profit of Rs.14.80 crores; in compare to previous quarter(July, 2020 - September, 2020) when the company reported profit of Rs.1.45 crores.
The result also shows that the company's profit increased by 549.12% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for profit increase of Rs.12.52 crores; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted profit of Rs.2.28 crores.
The company also reported that its loss increased by 176.55% in 9 months end(April, 2020 - December, 2020) for loss increase of Rs.30.49 crores, since the company reported loss of Rs.13.22 crores; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company posted profit of Rs.17.27 crores.

EPS Reported by Ramkrishna Forgings Limited for Third Quarter FY, 2020-21
Current Quarter (October, 2020 - December, 2020) Previous Quarter (July, 2020 - September, 2020) Corresponding Quarter (October, 2019 - December, 2019) 9 Months Ended (April, 2020 - December, 2020) Corresponding 9 Months Ended (April, 2019 - December, 2019)
4.64 0.45 0.70 4.11(Negative) 5.30
Calculated EPS of Ramkrishna Forgings Limited for Third Quarter FY, 2020-21
Current(December, 2020) VS Previous(September, 2020) Current(December, 2020) VS Corresponding(December, 2019) 9 months Ended(April, 2020 - December, 2020) VS Corresponding 9 months Ended(April, 2019 - December, 2019)
Change Change % Change Change % Change Change %
4.19 931.11%(EPS Increase) 3.94 562.86%(EPS Increase) 9.41 177.55%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 931.11% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for EPS increase of Rs.4.19, as the company posted EPS of Rs.4.64; in compare to previous quarter(July, 2020 - September, 2020) when the company reported EPS of Rs.0.45.
The result also shows that the company's EPS increased by 562.86% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for EPS increase of Rs.3.94; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted EPS of Rs.0.70.
The company also reported that its EPS decreased by 177.55% in 9 months end(April, 2020 - December, 2020) for EPS decrease of Rs.9.41, since the company reported Negative EPS of Rs.4.11; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company posted EPS of Rs.5.30.

 


***All amounts are given in Crore Indian Rupees(INR) except EPS (Earnings per share) which are in Indian Rupees(INR) only.***
Gross Margin=Total Revenue from Operations -(Cost of Materials Consumed + Purchases of stock-in-trade - Changes in inventories of finished goods, work-in-progress and stock-in-trade).
Gross Margin%=(Gross Margin / Total Revenue from Operations)*100.
EBITDA=Commission/Interest + Depreciation and Amortization + Tax + Profit/Loss (PAT).
1 Lac = 100,000.
1 Million = 10 Lacs.
1 Crore = 10 Millions.
1 Crore = 100 Lacs.
1 Billion = 1000 Millions.
1 Billion = 100 Crores.

 

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