Ramkrishna Forgings Limited reported a robust performance for Q4 and FY’26, highlighting a 28% year-on-year revenue increase in the fourth quarter to Rs. 1,216.78 crores. The company achieved a consolidated annual revenue of Rs. 4,238 crores, supported by strong domestic automotive demand and significant progress in its diversification strategy. Management remains optimistic about sustained growth, with plans for Rs. 400 to Rs. 500 crores in debt reduction during FY27.
Quarterly and Annual Financial Highlights
For the fourth quarter ended March 31, 2026, the company posted consolidated revenues of Rs. 1,216.78 crores, a significant 28% increase compared to Rs. 947.21 crores in the same period last year. EBITDA (excluding other income) rose by 111% year-on-year to Rs. 208.19 crores, with margins improving to 17.1%. Full-year revenue for FY’26 stood at Rs. 4,238 crores, up 5% from the previous year, while annual EBITDA reached Rs. 642.70 crores, marking a 15% year-on-year growth.
Strategic Business Expansion and Order Book
The company continues to diversify its revenue streams, with the Railway business now contributing 7.5% to the total revenue, up from 4.6% last year. Additionally, the company secured new orders worth Rs. 594 crores during Q4, split between the Automotive (56%) and Non-Automotive (44%) segments. A key area of focus remains the North American Class 8 truck market, which management expects will show strong growth for at least the next two years.
Outlook for FY27 and Capacity Utilization
Management anticipates reaching 80% to 85% capacity utilization across its forging and casting facilities by the end of FY27. The company is prioritizing debt reduction, targeting a decrease of Rs. 400 to Rs. 500 crores in the current financial year. Future capital expenditure is projected to remain consolidated, with a maximum spend of Rs. 400 crores, focusing on value-added segments and joint venture contributions, such as the upcoming rail wheel joint venture production scheduled for Q1 FY27.
Source: BSE
