Ramkrishna Forgings Limited has reported a strong performance for Q4 and FY26, with consolidated quarterly revenues reaching ₹1,217 crore, reflecting a 28% year-on-year growth. The company saw significant improvements in profitability and diversification across non-auto segments like railways and energy. With a healthy order book and new capacity additions now operational, management expresses confidence in robust growth and long-term value creation for stakeholders entering the new financial year.
Financial Highlights
The company achieved consolidated revenues of ₹1,217 crore in the fourth quarter, representing an 11% increase on a quarter-on-quarter basis and a 28% increase year-on-year. Profit Before Tax (PBT) for the quarter improved substantially to ₹64 crore, compared to ₹30 crore in the preceding quarter. For the full year, consolidated revenue stood at ₹4,238 crore with an EBITDA of ₹642.7 crore.
Strategic Diversification and Operational Growth
Ramkrishna Forgings has successfully diversified its earnings profile beyond the core Commercial Vehicle segment. Railways has emerged as a meaningful contributor to revenue, alongside oil & gas, off-highway, and mining segments. Domestic revenue now accounts for 68.4% of the total, as the company scales up operations across newer business lines.
Expansion Projects and Future Outlook
The company has significantly expanded its manufacturing footprint, adding 43,000 MT of forging capacity and 28,000 MT of casting capacity in Q4 FY26 alone. Key upcoming projects include the Rail Wheel plant in Chennai, which is expected to commence commercial operations by the end of June 2026. Furthermore, the company’s Mexico facility has successfully completed trial production, with bulk commercial output scheduled to begin in early May.
Strong Order Momentum
During Q4, the company secured new orders worth ₹594 crore with a program life of 4 years. The automotive segment accounted for 56% of these new wins, with the remaining 44% coming from the non-automotive sectors. This continued order inflow provides strong revenue visibility for the coming years as the company focuses on operating leverage and margin expansion.
Source: BSE
