Ramkrishna Forgings Ltd Q1 net up marginally to Rs.2.54 Crores

Ramkrishna Forgings Ltd has announced the UnAudited Financial Results for the quarter ended June 30, 2007.

The Company has posted a profit after taxes of Rs.25.46 million for the quarter ended June 30, 2007 where as the same was at Rs.23.91 million for the quarter ended June 30, 2006. Total Income is Rs.395.21 million for the quarter ended June 30, 2007 where as the same was at Rs.290.39 million for the quarter ended June 30, 2006.

The company reported an Earnings Per Share (EPS) of Rs.1.68 for Quarter ended June 30, 2007 compared to Rs.1.57 reported during Quarter ended June 30, 2006.

Out of proceeds of Preferential issue of Rs 242.246 million an amount of Rs 222.312 million has been paid towards Plant & Machinery & Shed & Building, Rs 8.934 million toward issue raising expense and the balance Rs 11.00 million is invested in Fixed Assets.

The stock was trading at Rs.196.70, up by Rs.10.50 or 5.64%. The stock hit an intraday high of Rs.199.90 and low of Rs.187.60. The total traded quantity was 86143 compared to 2 week average of 58113.

Source : Equity Bulls

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