BSECompany Update4h ago · 27 Jul 2026, 05:01 pm
Please find attached Q1 FY27 Earnings Release.
Ramkrishna Forgings Ltd · 532527
✦ AI Summary▲ PositiveResults
Ramkrishna Forgings Ltd reported Q1 FY27 earnings with a 298% YoY PAT rise, driven by improved operating leverage and a better business mix. The company announced a capex of Rs 170 crores for expansion and manufacturing components for passenger vehicles.
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Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10
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Ramkrishna Forgings Ltd - 532527 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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RAMKRISHNA FORGINGS LIMITED
Date: 27 July, 2026
To To
The Listing Department The Listing Department
BSE Limited National Stock Exchange of India Limited
P] Towers “Exchange Plaza” C-1, Block G
Dalal Street Bandra- Kurla Complex, Bandra (E)
Mumbai - 400 001 Mumbai- 400051
BSE SCRIP CODE: 532527 NSE SYMBOL: RKFORGE
Dear Sir / Madam,
Sub: Announcement under Regulation 30 of the SEBI (Listing Obligations and
i equirements) Regulations, 2015 - Q1 FY27 Earnings Rel
Please find enclosed herewith our Press Release titled “Q1 FY27 Earnings Release”.
Copy of the same is being also made available on the website of the Company at
www.ramkrishnaforgings.com.
This is for your kind information and records.
Thanking You.
Yours truly,
For Ramkrishna Forgings Limited
Rajesh Mundhra
Company Secretary & Compliance Officer
ACS-12991
Encl.: As above
REGISTERED & CORPORATE OFFICE
23 CIRCUS AVENUE, KOLKATA 700017, WEST BENGAL, INDIA
PHONE: (+91 33) 7122 0900, EMAIL: info@ramkrishnaforgings.com, WEB: www.ramkrishnaforgings.com
CIN NO.: L74210WB1981PLC034281
Q1FY27 Earnings Release
July 24th, 2026
Ramkrishna Forgings Limited Q1 PAT rises by 298% YoY
Announces Capex of Rs. 170 crores
Kolkata, India: Ramkrishna Forgings Limited (BSE: 532527, NSE: RKFORGE), one of the
leading suppliers of rolled, forged, and machined products, has reported its unaudited
financial results for the quarter ended June 30th, 2026.
Consolidated Financial Highlights
Q-o-Q Y-o-Y
In Rs Crores Q1FY27 Q4FY26 Q1FY26
Change Change
Revenue from 1,217 1217 1,015 - 19.8%
operations
EBITDA 218 208 149 4.9% 47.0%
EBITDA Margin 17.96% 17.11% 14.64% 85bps 332 bps
PAT 47 56 12 (16.2%) 297.6%
PAT Margin 3.85% 4.60% 1.16% (74)bps 269 bps
Key Business & Strategic Updates
• Re-designation: Re-designation of Mr. Chaitanya Jalan from Whole-time Director to
Joint Managing Director of the company, effective 24th July 2026.
• Capital Expenditure announcement: The company has announced a capex of Rs 170
crores for setting up of the project for manufacturing components for passenger
vehicles and setting up of 4000 metric tonnes press line for expansion of the forging
capacity of the Company.
Commenting on the results and performance, Mr. Naresh Jalan, Managing Director,
Ramkrishna Forgings Limited said:
"We have commenced FY27 on a strong note with a solid performance in Q1, reflecting the
continued improvement in business momentum across both domestic and international
markets. Firm demand in the domestic market coupled with healthy volume growth in
exports during the quarter. Further, improved operating leverage and a better business mix
contributed to stronger profitability, reflecting the benefits of the strategic initiatives
undertaken over the past several quarters.
We have reported consolidated revenues of ₹1,217 crore in Q1, higher by 19.8% on YoY basis.
Profit Before Tax improved to ₹65 crore in Q1 as against ₹64 crore in the previous quarter
and ₹24 crore in Q1 last year.
The benefits of our diversified business model are becoming increasingly visible, with
Commercial Vehicles remaining resilient while newer growth drivers such as Railways, Oil &
Gas, Mining and other industrial segments continue to scale up. The ramp-up of our casting
operations, alongside the commissioning of new capacities and expansion of value-added
offerings, is further broadening our growth platform and enhancing our ability to serve
customers across a broader range of applications.
Going forward, the Company is actively working towards building its portfolio in non-ferrous
forgings for Aerospace and Semiconductor Industry.
Looking ahead, we remain optimistic about our growth prospects. A combination of levers
such as sustained demand in domestic market, revival in export markets, expanded capacity
and product portfolio, scaling of newer verticals such as casting and aluminum forging as
well as traction from new end-user industries served position us well to deliver sustainable
growth and create enduring value for all stakeholders.”
About Ramkrishna Forgings Limited
Ramkrishna Forgings Limited (BSE: 532527, NSE: RKFORGE), incorporated in 1981 and
headquartered in Kolkata, is one of India's leading integrated manufacturers of rolled,
forged, machined and cast products. The Company operates 20 manufacturing facilities
across India and Mexico, with an installed capacity of 3,95,800 MT as of June 30, 2026,
spanning ring rolling, forging, press, and casting operations. Its capabilities span the full
manufacturing value chain — hot, warm and cold forging, ring rolling, gear grinding,
machining, fabrication, aluminium forging and casting; supported by a global network of
sales, support and warehousing facilities across the USA, Mexico, Brazil, Turkey, Italy,
Sweden and Belgium. The Company is certified in terms of TS 16949, OSHAS 18001 and ISO
14001.
Ramkrishna Forgings serves a diversified set of end markets, including Commercial and
Passenger Vehicles, Electric Vehicles, Railways, Farm Equipment, Mining & Earth Moving, Oil
& Gas, Power and Construction, across both domestic and export markets. It is a preferred
supplier to leading OEMs such as TATA Motors, Ashok Leyland, VE Commercial and Daimler
in India, and to Volvo, Mack Trucks, Iveco, DAF, Scania, MAN, UD Trucks and Ford Otosan
overseas, and supplies globally to Tier 1 axle manufacturers including Dana, Meritor and
American Axles.
For further information, please connect with us:
Mr. Lalit Kumar Khetan - Whole Time Director & CFO
Ramkrishna Forgings Limited
Phone: +91 033-4089 0900
Email: lalit.khetan@ramkrishnaforgings.com
Safe Harbour
This document contains certain forward-looking statements within the meaning of applicable securities laws
and regulations. These statements are based on management’s current expectations, assumptions, estimates,
and projections about the business, industry, and markets in which the Company operates. Such statements
include, but are not limited to, statements relating to the Company’s financial position, business strategy, plans,
future operations, and objectives of management. Forward-looking statements are subject to known and
unknown risks, uncertainties, and other factors, many of which are beyond the Company’s control, that may
cause actual results, performance, or achievements of the Company to differ materially from those expressed
or implied by such forward-looking statements. These risks and uncertainties include, among others: general
economic and business conditions in India and overseas, changes in government regulations, tax laws, and
other statutes, as well as other factors affecting the Company’s business and operations. The Company
undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of
new information, future events, or otherwise, unless required by law. Investors are advised not to place undue
reliance on these forward-looking statements, which speak only as of their respective dates.