Ramkrishna Forgings' Q1 PAT Rises by 298% as Company Announces Rs 170 Crore Capex

Ramkrishna Forgings' Q1 PAT Rises by 298% as Company Announces Rs 170 Crore Capex​

Kolkata: Ramkrishna Forgings Limited, a leading manufacturer of rolled, forged, and machined products, has announced its unaudited financial results for the quarter ending June 30, 2026. The company reported a significant rise in Profit After Tax (PAT), alongside announcing a substantial capital expenditure plan.

The consolidated financial highlights show strong performance across key metrics during Q1 FY27.

Strategic Investments and Leadership Updates​

Ramkrishna Forgings Limited announced a capital expenditure (capex) totaling Rs 170 crores. This investment is earmarked for setting up a project to manufacture components for passenger vehicles, as well as establishing a 4000 metric tonnes press line to expand the company's forging capacity.

The company also confirmed the re-designation of Mr. Chaitanya Jalan from Whole-time Director to Joint Managing Director, effective July 24, 2026.

Management Perspective on Performance and Outlook​

Commenting on the results, Naresh Jalan, Managing Director, stated that the company commenced FY27 with a strong performance in Q1, reflecting continued improvement in business momentum across domestic and international markets. He noted that firm demand in the domestic market combined with healthy export volume growth contributed to stronger profitability, leveraging strategic initiatives implemented over previous quarters.

Mr. Jalan also highlighted consolidated revenues reaching ₹1,217 crore in Q1, marking a 19.8% increase on a year-on-year basis. Profit Before Tax improved to ₹65 crore in Q1, compared to ₹64 crore in the preceding quarter and ₹24 crore in Q1 of last year.

He stated that the benefits of the diversified business model are becoming increasingly apparent, with Commercial Vehicles remaining resilient while growth drivers such as Railways, Oil & Gas, Mining, and other industrial segments continue to scale up. The ramp-up of casting operations and new capacity commissions is broadening the company's growth platform.

Looking ahead, the company expressed optimism regarding its growth prospects, citing sustained domestic demand, a revival in export markets, expanded product portfolio, and traction from newer end-user industries like casting and aluminum forging. Ramkrishna Forgings is actively working to build its portfolio in non-ferrous forgings for the Aerospace and Semiconductor Industries.

Company Overview​

Ramkrishna Forgings Limited was incorporated in 1981 and operates as one of India's leading integrated manufacturers of rolled, forged, machined, and cast products. The company maintains 20 manufacturing facilities across India and Mexico.

As of June 30, 2026, the installed capacity stands at 3,95,800 MT, covering hot, warm, and cold forging, ring rolling, gear grinding, machining, fabrication, aluminum forging, and casting operations. The company services diverse end markets including Commercial and Passenger Vehicles, Electric Vehicles, Railways, Farm Equipment, Mining & Earth Moving, Oil & Gas, and Power and Construction in both domestic and export markets.

Ramkrishna Forgings is a preferred supplier to major OEMs such as TATA Motors, Ashok Leyland, VE Commercial, and Daimler in India, and overseas clients including Volvo, Mack Trucks, Iveco, DAF, Scania, MAN, UD Trucks, and Ford Otosan. The company also supplies global Tier 1 axle manufacturers like Dana, Meritor, and American Axles.

RKFORGE Stock Price Movement​

Ramkrishna Forgings Limited shares rallied today, settling at ₹625.45 after logging a robust 7.68% gain on the post-market session. The stock performed strongly within its daily range of ₹595 to ₹635.55 and saw high trading activity, with over 12 million shares being traded today.