Ramkrishna Forgings reported a strong consolidated net profit of Rs 70.59 crore for Q2 FY27, turning around from a loss in the same quarter last year. Revenue climbed to Rs 1,405.42 crore. The company announced a Rs 2 per share interim dividend and revealed plans to diversify into semiconductors, aerospace, and defense technologies.
Ramkrishna Forgings Q2 Profit Hits Rs 70.59 Crore
Revenue rose to Rs 1,405.42 crore compared to Rs 907.53 crore in the year-ago period.
Reader Takeaway: Strong operational turnaround and dividend payout signal health, while expansion into high-tech sectors targets long-term growth diversification.
What just happened
Ramkrishna Forgings has reported a robust financial performance for the quarter ended September 30, 2026. The company swung to a consolidated profit of Rs 70.59 crore, a significant improvement from the Rs 9.50 crore loss recorded in Q2 FY26. Total revenue from operations saw a sharp increase, reaching Rs 1,405.42 crore against Rs 907.53 crore last year. On a standalone basis, the company earned a profit of Rs 67.73 crore on revenue of Rs 1,255.02 crore.
Dividend and Record Date
The Board has declared a first interim dividend of Rs 2 per equity share with a face value of Rs 2 each for the current financial year. The record date to determine shareholder eligibility for the payout is set for Friday, November 6, 2026.
Strategic Business Expansion
In a significant pivot, the company is amending its Memorandum of Association to enter high-tech engineering segments. Proposed new business lines include the design and manufacturing of products for semiconductors, aerospace applications, and drone/defense technologies. This move requires shareholder approval but underscores a clear intent to move beyond core forging operations.
Joint Venture Investment
The Board approved an additional investment of Rs 56.76 crore into its joint venture, Ramkrishna Titagarh Rail Wheels Limited. This capital is earmarked for the ongoing construction of a large-scale forged wheel manufacturing facility in Puduvoyal, Chennai, which is expected to have a capacity of 228,000 wheels.
Governance Updates
- The company appointed Mr. Subir Chakraborty and Mr. Anurag Vohra as Non-Executive Independent Directors for a 5-year term starting October 30, 2026.
- The Board approved amendments to the existing ESOP scheme to include employees of its subsidiaries.
- Internal governance policies, including anti-bribery and CSR frameworks, were updated to align with current standards.