Ramkrishna Forgings Limited announced its unaudited financial results for the third quarter of FY26, ended December 31, 2025. The forging components manufacturer reported mixed performance with revenue decline but maintained profitability despite facing regulatory challenges.

Financial Performance Overview

The company's standalone financial results showed revenue from operations of ₹939.60 crores for Q3FY26, representing a decline from ₹967.56 crores in Q3FY24. For the nine-month period ended December 31, 2025, revenue stood at ₹2,677.07 crores.

Exceptional Items Impact

The company recorded an exceptional item of ₹9.41 crores in Q3FY26 related to the implementation of New Labour Codes effective November 21, 2025. This one-time impact resulted from estimated increase in provision for employee benefits arising from past service cost. The Government of India consolidated multiple existing labour legislations into four unified Labour Codes, requiring immediate recognition under Ind AS 19.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company demonstrated stronger performance with net profit of ₹34.99 crores compared to ₹200.37 crores in the corresponding previous period. The significant difference in nine-month comparatives was attributed to prior period adjustments and restatements.

Warrant Allotments and Capital Raising

Ramkrishna Forgings undertook significant capital raising activities during the period:

Inventory Discrepancies Resolution

The company completed its fact-finding study regarding inventory discrepancies identified in April 2025. Independent External Agencies confirmed that discrepancies in Work-In-Progress inventory were due to accounting errors and process gaps, not fraud. The study concluded that no additional adjustments were required beyond those already accounted for at March 31, 2025.

Corporate Governance Updates

The Board of Directors, in their meeting held on January 27, 2026, approved the quarterly results and revised several company policies including Related Party Transactions Policy, Business Responsibility and Sustainability Policy, and Policy on Prevention of Sexual Harassment at the Workplace. The board meeting was conducted from 2:00 PM to 3:45 PM IST.

Ramkrishna Forgings Limited has announced the commencement of commercial production at its new aluminium forging facility, marking a strategic expansion into a new segment of the forging industry. The company disclosed this development under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

New Aluminium Forging Facility Details

The company has commenced commercial production of its aluminium forging facility at Ramkrishna Forgings Limited – Plant V, located at Vill. Baliguma, PO Kolabira, Dist. Saraikela-Kharsawan, Jharkhand, effective January 20, 2026. The facility has been designed with a production capacity of 3,000.00 tonnes per annum (TPA).

Capacity Addition Overview

The aluminium forging facility represents a completely new vertical for the company. Prior to this addition, Ramkrishna Forgings had no existing capacity in aluminium forging, making this a greenfield expansion into an entirely new product category.

Strategic Rationale and Market Focus

The new aluminium forging facility is strategically positioned to enhance the company's presence in the electric vehicle (EV) market. This project enables Ramkrishna Forgings to make a foray into the specialized field of aluminium forging, diversifying its product portfolio beyond traditional steel forging operations.

The aluminium forging capability is particularly relevant for the automotive industry, especially in the context of lightweight components required for electric vehicles. This expansion aligns with the growing demand for aluminium components in the EV sector, where weight reduction is crucial for improving battery efficiency and vehicle performance.

Investment and Financing Structure

The total investment for the aluminium forging facility amounts to ₹57.50 crores. The company has adopted a balanced financing approach, utilizing a combination of debt financing and internal accruals to fund this capacity expansion. This financing strategy demonstrates the company's commitment to maintaining financial prudence while pursuing growth opportunities.

Regulatory Compliance and Disclosure

The announcement was made in compliance with SEBI regulations, specifically under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also adhered to the requirements outlined in SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.

The disclosure has been made available on the company's website at www.ramkrishnaforgings.com , ensuring transparency and accessibility for all stakeholders. Company Secretary and Compliance Officer Rajesh Mundhra (ACS - 12991) has signed the regulatory filing, confirming the accuracy and completeness of the information provided.