Ramkrishna Forgings recently reported its third-quarter earnings. Naresh Jalan, MD of the company, said that the market is very robust and that the company was seeing strong demand in terms of domestic as well as export.

“Domestic growth will remain stable in the current growth pattern unless there is a scrappage policy in the Budget. In terms of exports, there is a lot of traction. Both North America and Europe markets are moving very fast for us and we expect the growth momentum as in last quarter to continue for us in coming quarters,” he said in an interview to CNBC-TV18.

Jalan said that they are looking at a robust Q4 and expects to do close to around 10-15 percent higher than Q3. He expects margins to continue to remain in an upward trajectory.

“Margins, as we go on the upward trajectory and better utilization, I think margins will remain on the upward trajectory. Because of the better utilization, we are going to have a lot of improvements in terms of bottomline,” he said.

In terms of debt reduction, Jalan said that they were looking at close to around Rs 150-200 crore of debt reduction in the next financial year.

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(Edited by : Abhishek Jha)