Ramkrishna Forgings Limited announced its unaudited results for the quarter and half-year ended September 30, 2026. The company reported a significant year-over-year increase in revenue, jumping 55% to ₹1,405 crore in Q2 FY27. Profit After Tax (PAT) also saw substantial growth, reaching ₹71 crore in Q2, compared to a loss of ₹10 crore in the same period last year. For the first half, revenues stood at ₹2,622 crore with PAT at ₹117 crore.
Ramkrishna Forgings Reports Strong Q2 and H1 FY27 Earnings
Ramkrishna Forgings Limited has released its unaudited financial results for the second quarter (Q2) and the first half (H1) of the fiscal year 2027, ending September 30, 2026. The company demonstrated robust performance, with revenue from operations in Q2 FY27 soaring by 54.9% year-over-year to ₹1,405.42 crore. This significant growth was attributed to healthy domestic demand, particularly from the commercial vehicle sector, and resilient customer activity in key export markets.
Key Financial Highlights
The company’s consolidated financial highlights reveal substantial improvements across key metrics:
- Revenue from Operations: Increased by 54.9% to ₹1,405.42 crore in Q2 FY27, and by 36.4% to ₹2,622.09 crore in H1 FY27.
- EBITDA: More than doubled, rising by 109.1% to ₹256.23 crore in Q2 FY27, and by 75.1% to ₹474.70 crore in H1 FY27. The EBITDA margin improved significantly to 18.2% in Q2.
- Profit After Tax (PAT): Turned positive and showed remarkable growth, with PAT at ₹70.59 crore in Q2 FY27, a substantial turnaround from a loss of (₹9.50 crore) in Q2 FY26. For H1 FY27, PAT stood at ₹117.47 crore, compared to ₹2.29 crore in the prior year. PAT Margin increased to 5.0% in Q2 FY27.
Strategic Growth Drivers
Commenting on the performance, Mr. Naresh Jalan, Managing Director, highlighted the company’s steady progress and strong start to FY27. He noted the upcoming commercial production at the forged wheels facility near Chennai, a joint venture with Titagarh Rail Systems, which is expected to be a strategically important product for Indian Railways and a long-term growth driver. The ramp-up of casting operations and new capacities are also poised to cater to a wider range of customer requirements across various vehicle segments and industrial applications.
During the quarter, promoters also completed the conversion of warrants, infusing ₹150 crore into the company, demonstrating confidence in its business prospects and supporting balance sheet strengthening. Ramkrishna Forgings is also expanding its presence in non-ferrous forgings for high-technology applications in aerospace, robotics, and semiconductors.
Source: BSE
