Ramkrishna Forgings Limited, a leading manufacturer of forged components, has released its financial results for the second quarter of fiscal year 2026, revealing a significant decline in profitability despite stable revenue.

Financial Highlights

For Q2 FY26, Ramkrishna Forgings reported:

• Consolidated revenue of ₹90,753.00 lakhs, down 13.9% from ₹1,05,362.87 lakhs in Q2 FY25
• EBITDA of ₹12,254.00 lakhs, with an EBITDA margin of 13.5%, compared to 15.7% in Q2 FY25
• Net loss of ₹949.66 lakhs, a sharp decline from a profit of ₹13,960.00 lakhs in Q2 FY25

Operational Performance

The company's performance was impacted by several factors:

• Volume decline: Total sales volume decreased to 41,384 tons in Q2 FY26 from 57,577 tons in Q2 FY25
• Realisation pressure: Average realisation per ton fell to ₹2.19 lakhs from ₹2.52 lakhs in the same quarter last year

Management Commentary

Chaitanya Jalan, Wholetime Director of Ramkrishna Forgings, commented on the results: "The second quarter presented challenges in terms of market demand and pricing pressures. However, we remain focused on operational efficiency and long-term growth strategies."

Future Outlook

The company expects:

• Volume growth of 18-20% in H2 FY26, supported by a strong order pipeline
• Continued focus on expanding its product portfolio and geographical presence

Balance Sheet Position

As of September 30, 2025:

Recent Developments

• The company allotted 9,75,000 warrants at an issue price of ₹2,100.00 each, raising ₹5,118.75 lakhs as warrant subscription money
• A joint petition for the amalgamation of certain subsidiaries was filed with the National Company Law Tribunal, Kolkata Bench

Ramkrishna Forgings continues to navigate through a challenging market environment, focusing on operational improvements and strategic initiatives to drive future growth.

Ramkrishna Forgings Limited , a prominent player in the forging industry, has announced a significant development in its corporate restructuring efforts. The National Company Law Tribunal (NCLT), Kolkata Bench, has allowed the Second Motion Petition for the company's amalgamation scheme involving its subsidiaries.

Key Details of the Amalgamation Scheme

The approved scheme involves the merger of two subsidiaries with a third:

Timeline of Events

Legal Process and Next Steps

The NCLT has directed notices to be served to various statutory authorities, including:

• Central Government
• Registrar of Companies
• Income Tax authorities
• Other relevant regulators

These authorities have been given 30 days to file their representations. If no representations are received within this period, it will be presumed that they have no objections to the proposed scheme.

Transparency and Compliance

In line with regulatory requirements, Ramkrishna Forgings has made the tribunal order available on its website ( www.ramkrishnaforgings.com ). This move ensures transparency and keeps shareholders and other stakeholders informed about the ongoing corporate restructuring process.

Implications for Investors

While the amalgamation is a significant corporate action, it's important to note that the merging entities are already subsidiaries of Ramkrishna Forgings Limited. The consolidation may streamline operations and potentially lead to improved operational efficiencies within the group structure.

Investors and stakeholders should continue to monitor further developments as the amalgamation process progresses through the required legal and regulatory channels.

As the situation evolves, Ramkrishna Forgings is expected to provide updates to the stock exchanges and shareholders in accordance with regulatory guidelines.