Ramkrishna Forgings Limited has announced robust financial results for the second quarter and first half of FY27. Consolidated revenue from operations surged by 54.9% year-on-year to ₹1,405 crore in Q2 FY27. Consolidated EBITDA, excluding other income, grew significantly to ₹256 crore, up from ₹123 crore in the corresponding quarter last year. The company also highlighted a healthy order pipeline and positive business outlook for upcoming quarters.
Ramkrishna Forgings Delivers Strong Q2 & H1 FY27 Performance
Ramkrishna Forgings Limited has announced substantial growth in its financial performance for the second quarter (Q2) and first half (H1) of FY27. The company reported a consolidated revenue from operations of ₹1,405 crore for Q2 FY27, marking a significant year-on-year increase of 54.9% compared to ₹908 crore in Q2 FY26. Sequentially, revenues saw a rise of 15.5% from ₹1,217 crore in Q1 FY27.
Key Financial Highlights for Q2 FY27
The company’s consolidated EBITDA, excluding other income, reached ₹256 crore in Q2 FY27. This represents a substantial improvement from ₹123 crore in the corresponding quarter of the previous year and ₹218 crore in Q1 FY27. The EBITDA margin also saw an upward trend, improving to 18.23% for the quarter, compared to 13.5% in Q2 FY26 and 17.96% in the preceding quarter. This enhancement in operating profitability is attributed to improved capacity utilization, product mix, and operating efficiencies.
Profit before tax for the quarter stood at ₹95 crore, a significant turnaround from a loss of ₹10 crore in Q2 last year and a gain from ₹65 crore in Q1 FY27. Profit after tax was ₹71 crore, reflecting a 47% increase on a quarter-on-quarter basis. The company also reported a reduction in debt by ₹126 crore during H1 FY27 and reiterated its guidance for a total debt reduction of ₹500 crore for FY27.
Business Outlook and Order Wins
Ramkrishna Forgings expressed a positive outlook for the business, citing a healthy order pipeline and a diversified product portfolio that offers opportunities in both domestic and international markets. The company secured new order wins worth ₹673 crore across various segments, including commercial vehicle (CV), electric vehicle (EV), light vehicle (LV), and farm equipment. Notably, ₹447 crore of these new orders are from the casting segment, with ₹272 crore specifically for the North American export market for light vehicle applications.
The company’s focus remains on expanding manufacturing capabilities, improving utilization, and enhancing productivity. Investments in new products and applications are supporting its ability to cater to a wider range of customer requirements. The railway business also presents good opportunities, with orders for fully assembled bogies, frames, bolster, and cast components expected to benefit from growing demand.
Segmental Performance and Future Strategy
Milesh Gandhi, Whole-Time Director, provided updates on key business segments, highlighting that approximately 48% of total orders received came from the domestic market and 52% from the export market. He also noted strong demand in the passenger vehicle segment and efforts to expand forging and casting capabilities.
In the international market, the company continues to work closely with customers in North America and Europe. The company also reported increasing interest in casting, aluminum forgings, and higher value-added products, with strong demand in the oil and gas sector.
Looking ahead, Ramkrishna Forgings remains confident about its order pipeline and expects continued business growth. The company is also progressing with new ventures in non-ferrous components for aerospace, robotics, and semiconductor industries.
Source: BSE
