Ramkrishna Forgings Limited , a leading forging company in India, has announced its financial results for the first quarter of fiscal year 2026, showcasing resilience amid challenging market conditions. The company reported a 6% year-on-year increase in consolidated revenue, reaching ₹101,526.00 lakhs for the quarter ended June 30, 2025.

Financial Highlights

• Consolidated revenue from operations stood at ₹101,526.00 lakhs, up from ₹95,948.00 lakhs in the same quarter last year.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) improved to ₹14,861.00 lakhs, with the EBITDA margin expanding by 298 basis points to 14.6%.
• Profit After Tax (PAT) for the quarter was ₹1,179.00 lakhs, compared to ₹5,473.00 lakhs in Q1 FY25.

Operational Performance

The company's production volume for the quarter reached 44,170 tons, with a capacity utilization of 69% on an annualized basis. This reflects the company's efforts to optimize its operations in response to market demands.

Order Book and Market Expansion

Ramkrishna Forgings secured new orders worth ₹683.00 crores during the quarter, spanning across automotive, non-automotive, and railway segments. Notably, the company received orders worth ₹502.00 crores for exports, including a significant order from an American OEM for passenger vehicles.

Corporate Developments

The Board of Directors approved several key decisions:

1. Re-appointment of Singhi & Co., Chartered Accountants as Internal Auditors for FY 2025-26.
2. Re-appointment of Mr. Lalit Kumar Khetan as Whole-time Director for three years, effective October 20, 2025, subject to shareholder approval.
3. Rescheduling of the 43rd Annual General Meeting to September 20, 2025, due to unforeseen circumstances.
4. Appointment of India Ratings and Research Private Limited as the Monitoring Agency for the preferential issue of 975,000 warrants.

Board Committee Changes

The company announced changes to its board committees:

• Mr. Sanjay Kothari joined the Audit Committee.
• Mr. Ranaveer Sinha was appointed as Chairman of the Corporate Social Responsibility (CSR) Committee.
• Mr. Sanjay Kothari stepped down from the CSR Committee.

Management Commentary

Naresh Jalan, Managing Director of Ramkrishna Forgings, commented on the results: "Despite a challenging global macroeconomic environment and export slowdown due to tariff uncertainties, we have achieved consolidated revenues of ₹1,015.00 crore in Q1 FY26. Our order book has strengthened with new contracts secured across various segments. We expect margin improvement in the second half of FY26 and remain focused on enhancing overall capacity utilization."

Future Outlook

The company remains optimistic about sustained improvements in business performance and further diversification of revenue streams. With ongoing initiatives to increase production capacity and explore new market opportunities, Ramkrishna Forgings is positioning itself for long-term value creation in a competitive landscape.

Investors and stakeholders will be keenly watching the company's performance in the coming quarters, particularly in light of global economic uncertainties and the evolving automotive sector landscape.

Ramkrishna Forgings Limited, a leading forging company in India, has announced its financial results for the first quarter, showcasing resilience in the face of global economic headwinds.

Financial Highlights

The company reported consolidated revenue from operations of ₹101,525.59 lakhs in Q1, marking a 6% increase compared to ₹95,948.26 lakhs in the same quarter of the previous year. This growth comes despite challenges in the export market due to tariff uncertainties.

Consolidated EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stood at ₹14,861.00 lakhs, with an EBITDA margin of 14.6%. This represents a significant improvement of 298 basis points compared to the EBITDA margin of 12.9% in the corresponding quarter of the previous year.

The company's consolidated net profit for the quarter was ₹1,178.63 lakhs, down from ₹5,473.42 lakhs in the same period last year. This decline in profit can be attributed to various factors, including increased operational costs and challenging global market conditions.

Operational Performance

Ramkrishna Forgings demonstrated strong operational performance with a total production of 46,473 MT during the quarter, indicating a capacity utilization of 69% on an annualized basis. The company's ring rolling facility showed particularly impressive performance, operating at 130% utilization.

Order Book Strengthens

The company secured new orders worth ₹683.00 crore during the quarter, spanning across automotive, non-automotive, and railway segments. The breakdown of these orders is as follows:

Management Commentary

Mr. Naresh Jalan, Managing Director of Ramkrishna Forgings, commented on the results: "Amid a challenging global macroeconomic environment and export slowdown due to tariff uncertainties, we have achieved consolidated revenues of ₹1,015.00 crore in Q1, reflecting a 6% year-on-year increase. Our order book has strengthened with new contracts worth ₹683.00 crore secured across the Auto, Non Auto and Railways segments."

He further added, "The consolidated EBITDA margin for the quarter stood at 14.6%, with expectations of margin improvement in the second half. Following the successful integration of ACIL into RKFL and the commissioning of new capacity in the prior fiscal year, our focus remains on progressively enhancing overall capacity utilization."

Future Outlook

The company remains optimistic about sustained improvements in business performance and further diversification of revenue streams. Management expects margin improvements in the second half, driven by enhanced capacity utilization and a strong order book.

Ramkrishna Forgings continues to focus on expanding its product offerings and market presence. The company's recent investments in specific technologies for forgings and castings are expected to increase its forging capacity to 333,400 MT per annum and casting capacity to 62,400 MT per annum on a consolidated level.

With a clear strategy to de-risk its business by reducing dependency on single products or clients, Ramkrishna Forgings is well-positioned to navigate the current market challenges and capitalize on future growth opportunities in the auto and non-auto segments.