Ramkrishna Forgings reported consolidated revenues of ₹1,099 crore in Q3 FY26, a 21% increase QoQ. The company secured new contracts worth ₹680 crore across auto and non-auto segments. Domestic business performance was strong, helping mitigate global uncertainties. Production ramp-up is underway at the casting facility, and the aluminum forging capacity has been successfully commissioned.
Financial Performance
In Q3 FY26, Ramkrishna Forgings reported consolidated revenues of ₹1,099 crore, reflecting a 21% increase compared to the previous quarter. Profit before tax (PBT) stood at ₹30 crore, a significant improvement from a loss of ₹5 crore in the previous quarter.
The domestic business demonstrated robust performance, offsetting external challenges. This was achieved through a strategic emphasis on domestic capabilities and diversification.
Order Book
The company secured new contracts totaling ₹680 crore during the quarter, showcasing a diversified portfolio across both the Auto and Non-Auto sectors. Approximately 66% of these orders originated from the automotive segment, with the remaining 34% from non-automotive sectors.
Capacity Utilization
The overall capacity utilization for the quarter stood at 74%. This includes 100% utilization in ring rolling and 66% in forgings. The company’s expansion projects are progressing, including the commissioning of aluminum forging capacity and ongoing progress at the machining facility in Mexico.
Subsidiary Updates
The merger of subsidiaries is awaiting order from the NCLT. The total project cost for the rail wheel project is estimated at ₹2,000 crores, with construction progressing as scheduled. Trial run production is expected to begin by March 2026.
Strategic Initiatives and Future Outlook
Looking ahead, Ramkrishna Forgings is focused on key strategic priorities, including new product development, railway business expansion, and capacity augmentation. The company remains confident in its ability to strengthen its competitive position and drive long-term value creation for stakeholders.
Source: BSE
