Ramkrishna Forgings announced that the Annual General Meeting (AGM) of the company will be held on 19 September 2020.

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Net loss of Ramkrishna Forgings reported to Rs 7.57 crore in the quarter ended March 2020 as against net profit of Rs 24.92 crore during the previous quarter ended March 2019. Sales declined 50.03% to Rs 239.56 crore in the quarter ended March 2020 as against Rs 479.40 crore during the previous quarter ended March 2019.

For the full year,net profit declined 91.92% to Rs 9.70 crore in the year ended March 2020 as against Rs 120.11 crore during the previous year ended March 2019. Sales declined 37.01% to Rs 1216.47 crore in the year ended March 2020 as against Rs 1931.08 crore during the previous year ended March 2019.

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Ramkrishna Forgings will hold a meeting of the Board of Directors of the Company on 26 June 2020.

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Ramkrishna Forgings has resumed its manufacturing operations at Plant I, III and IV located at Jamshedpur, Jharkhand, w.e.f 6 May 2020, which was temporarily suspended due to COVID -19 pandemic.

Further the Company is also in process to take necessary permissions/approval from Appropriate Authority(ies) for resuming the operation of its unit at Liluah, Howrah and Corporate Office.

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