Ramkrishna Forgings Limited has announced its financial results for the first quarter of FY27. The company reported a consolidated revenue of ₹1,217 crore, showing a 19.84% year-on-year growth. EBITDA increased by 47% year-on-year to ₹218.47 crore, and Profit After Tax (PAT) surged by an impressive 172% year-on-year to ₹46.88 crore. The company also secured new orders worth ₹278 crore from the automobile segment and ₹15 crore from Indian Railways.
Ramkrishna Forgings Reports Strong Q1 FY27 Performance
Ramkrishna Forgings Limited has released its financial results for the first quarter of Fiscal Year 2027, highlighting significant growth across key financial metrics and a robust order pipeline. The company announced a consolidated revenue of ₹1,217 crore, marking a 19.84% increase compared to the same period last year. This performance reflects the momentum carried forward from the latter half of FY26, driven by domestic demand and improving export volumes.
Financial Highlights for Q1 FY27
The company’s EBITDA, excluding other income, reached ₹218.47 crore, a substantial 47% year-on-year growth. The EBITDA margin improved to 17.96% from 17.11% in the previous quarter, attributed to better operating leverage and an enhanced product mix. Profit Before Tax (PBT) stood at ₹65.34 crore, up from ₹23.9 crore year-on-year. Profit After Tax (PAT) witnessed a remarkable surge of 172% year-on-year, reaching ₹46.88 crore, compared to ₹11.7 crore in the prior year’s first quarter. The company also reported a 297% year-on-year growth in PAT.
Order Wins and Business Expansion
In terms of new business, Ramkrishna Forgings secured orders worth ₹278 crore from the automobile segment with a program life of four years. Additionally, orders worth ₹15 crore were secured from the Metro segment of Indian Railways. The company is also expanding its presence across passenger vehicles, electric vehicles, and advanced materials, including aluminum and specialty alloy forgings, to broaden its addressable market and drive long-term growth.
Operational Progress
Operationally, the integration of casting operations is nearing completion, with a focus on scaling production and improving efficiencies. Production ramp-up across new forging and casting facilities is proceeding as planned. The company is strategically shifting its focus towards optimizing asset utilization and asset turn, aiming to generate stronger operating leverage.
Future Outlook and Strategy
Ramkrishna Forgings is committed to prudent capital allocation and reducing leverage. The company is exploring new ventures in non-ferrous products, including aluminum, titanium, Inconel, and nimonic grades for sectors like aerospace, robotics, and semiconductors. The management expressed confidence in sustaining healthy order momentum and building a strong foundation for long-term growth, with significant revenue contributions expected from the Mexico project starting in the third quarter.
Source: BSE
