Analysts/Institutional Investor Meet/Con. Call Updates

RAMKRISHNA FORGINGS LIMITED Date: 30t July 2026 National Stock Exchange of India Limited BSE Limited Listing Department Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Floor 25, Phiroze Jeejeebhoy Towers Bandra (East) Dalal Street Mumbai 400 051 Mumbai 400 001 NSE Scrip: RKFORGE BSE Scrip: 532527 Dear Sir / Madam, Sub.: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 {“SEBI_Listing Regulations”)-Earnings Call Transcript - Q1& FY'27 In continuation to our intimation dated July 17, 2026, and July 25, 2026, and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the Earnings Conference Call for Q1 & FY 27 held on July 24,2026 at 4:30 PM(IST). The same is uploaded on the website of the Company and can be accessed through the following weblink https://ramkrishnaforgings.com ing-call-transcript/ Request you to take the above information on your record. Thanking you Yours faithfully, For Ramkrishna Forgings Limited Rajesh Mundra Company Secretary& Compliance Officer ACS12991 Encl.: As above Certified AN 2026-JAN 2027 INDIA Y REGISTERED & CORPORATE OFFICE A 23 CIRCUS AVENUE, KOLKATA 700017, WEST BENGAL, INDIA PHONE: {(+91 33) 7122 0900, EMAIL: info@ramkrishnaforgings.com, WEB: www.ramkrishnaforgings.com CIN NO.: L74210WB1981PLC034281 Ramkrishna Forgings Limited Q1 FY27 Earnings Conference Call July 24, 2026 MANAGEMENT: MR. NARESH JALAN – MANAGING DIRECTOR MR. CHAITANYA JALAN – WHOLE TIME DIRECTOR MR. LALIT KHETAN – WHOLE-TIME DIRECTOR AND CHIEF FINANCIAL OFFICER MR. MILESH GANDHI – WHOLE-TIME DIRECTOR MR. RAJESH MUNDHRA – VICE PRESIDENT-FINANCE AND COMPANY SECRETARY MODERATOR: MR. DINESH KUMAR – 360 ONE CAPITAL MARKET LIMITED External Participants:  Pranav Jain – Ageless Capital Finance  Siddhaant Lodaya – Sanshi Fund  Kaushik Jhawar – AK Investments  Hardik Chheda – Lark  Mitul Shah – Pantomath  Vinil Shah – Dalal & Broacha  Abhishek Jain – CRIS PMS  Aditya Kumar – Old Bridge Mutual Fund  Viral Shah – Enam Holdings  Kumar Saurabh – Scientific Investing  Jayesh Gandhi – Harshad H. Gandhi Securities Private Limited  Geetarth Tandon – Green Portfolio  Bharat C. Shah – BCS Capital Ideas Private Limited  Harsh Shah – Marcellus Advisors  Saket – Sagari Capital  Karan Gupta – CAVI Capital Page 1 of 26 Moderator: Ladies and gentlemen, good day and welcome to Ramkrishna Forgings Q1 FY27 Earnings Conference Call hosted by 360 ONE Capital Market Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Dinesh Kumar from 360 ONE. Thank you and over to you, sir. Dinesh Kumar: Thank you. Welcome to all the participants on behalf of 360 ONE Capital Market for Ramkrishna Forgings Limited Q1 FY27 post-results conference call. From the management, we have with us today, Mr. Naresh Jalan, Managing Director; Mr. Chaitanya Jalan, Whole-time Director; Mr. Lalit Khetan, Whole-time Director and CFO; Mr. Milesh Gandhi, Whole-time Director; and Mr. Rajesh Mundhra, Vice President Finance and Company Secretary. I will now hand over the call to the management for the opening remarks to be followed by the question-and-answer session. Over to you, sir. Lalit Khetan: Thank you, Dinesh. Good evening, everyone, and thank you for joining us on this call to discuss the Q1 FY27 earnings. I trust all of you had a chance to review the earnings document that we have shared earlier today. The global macroeconomic environment remained mixed during the quarter with geopolitical developments and evolving trade policies continuing to shape business sentiment across major markets. While the resurgence of the West Asia conflict remains an overhang and tariff negotiations can arise once again, operating conditions have become more stable, compared with the heightened volatility, which we witnessed over the past few quarters. Q1 FY27 Earnings Conference Call Transcript 2 While customer activity across key markets has remained resilient, demand across the commercial vehicle ecosystem has strengthened further, supported by healthy production schedules and greater policy clarity around regional supply chains. Robust GST collections and healthy consumption trends reflect the underlying strength of the domestic economy. Reflecting these favorable market conditions, we are pleased to report another quarter of strong operational and financial performance. The momentum established in the latter half of FY26 has carried into the first quarter of FY27, driven by robust domestic demand, improving export volumes, and disciplined execution across our increasingly diversified business portfolio. Our international business recorded further improvement during the quarter, led by stronger demand from North America, alongside improving customer engagement and order execution across Europe. While tariff-related developments remain an area of close attention, the operating environment has become considerably more stable, providing greater visibility and confidence across our export markets. At the same time, we are expanding our presence across passenger vehicles, electric vehicles, and advanced materials, including aluminum and specialty alloy forgings, broadening our addressable market and creating new avenues for long-term growth. Operationally, the quarter witnessed continued progress across several strategic priorities. The integration of our casting operations has now been substantially completed, and we remain focused on scaling production, while improving operating efficiencies. Production ramp-up across the new forging and casting facilities continues as planned. With the majority of our strategic capital expenditure now behind us, our focus has decisively shifted towards sweating these assets through higher utilization, improving asset turn, and generating stronger operating leverage. Q1 FY27 Earnings Conference Call Transcript 3 With cash flow set to strengthen, we remain committed to prudent capital allocation, and we will seek to reduce leverage while ensuring that adequate capital is deployed towards growth investments and maintenance capex. Let me now briefly share the financial highlights for the quarter. Consolidated revenue for the quarter stood at Rs. 1,217 crores, which is flat quarter-on-quarter, and it has registered a growth of 19.84% year-on- year. EBITDA excluding other income stood at Rs. 218.47 crores, that is up by 47% year-on-year and 5% quarter-on-quarter, while EBITDA margin improved to 17.96% from 17.11% in the previous quarter, reflecting better operating leverage and improved product mix. Profit before tax for the quarter stood at Rs. 65.34 crores versus Rs. 23.9 crores year-on-year, and while profit after tax for the quarter stood at Rs. 46.88 crores versus Rs. 11.7 crores year-on-year, reflecting a growth of 172% and 297%, respectively. With that, I would now like to hand over the proceedings to Mr. Milesh Gandhi, Whole-time Director, who will take you through the order wins during the quarter. Over to you, Milesh. Milesh Gandhi: Thank you, Lalit ji. It has been an exciting quarter in terms of order wins. The company continued to witness healthy order inflows during the quarter, reflecting sustained customer confidence in our manufacturing capabilities, engineering expertise and execution track record. During First quarter FY27, we have secured business worth Rs. 278 crores with a program life of four years from automobile segment. The company also won new orders worth Rs. 15 crores from Metro segment of Indian Railways. Out of Rs. 278 crores, appro [Showing first 8,000 characters — download PDF for full document]