Ramkrishna Forgings reported a consolidated net profit of ₹70.59 crore for the September quarter, reversing a loss from the previous year. Revenue surged 55% to ₹1,405.42 crore, aided by strong demand and new order wins of ₹673 crore. The board has also announced an interim dividend of ₹2 per share.
Ramkrishna Forgings has returned to profitability for the quarter ending September 30, 2026. The company posted a consolidated net profit of ₹70.59 crore, marking a turnaround from the loss of ₹9.5 crore recorded in the same period last year. This recovery was supported by a 55% year-on-year growth in revenue, which climbed to ₹1,405.42 crore.
Operational performance also showed strength, with EBITDA reaching ₹256.23 crore, translating to a margin of 18.23%. The company’s ability to secure new business remains a key focus for investors, with the company adding ₹673 crore in new orders across its automotive and industrial segments during the quarter. Alongside these results, the company declared a first interim dividend of ₹2 per equity share. Investors should note that the record date for this dividend payment is November 6, 2026.
Strategic diversification is playing a larger role in the company's growth plan. While commercial vehicle demand has provided a stable base, the company is actively expanding into higher-value areas such as titanium and aluminum forging for the aerospace and semiconductor sectors. Additionally, its rail-focused venture, a joint venture with Titagarh Rail Systems located near Chennai, is approaching the start of commercial production. This project is expected to expand the company’s footprint within the Indian Railways supply chain.
Despite the positive performance, the company faces external pressures that investors should monitor. Rising logistics and shipping costs have exerted some pressure on profit margins. Furthermore, volatility in steel prices can lead to inventory losses, particularly in the export business, where price adjustments may lag. While the company is focusing on reducing its debt levels, with a stated target to lower gross debt by ₹500 crore within the current fiscal year, high debt levels remain a factor in the company’s overall financial profile.
Looking ahead, the primary areas for shareholders to track include the progress of the new rail wheel facility and the company’s success in managing raw material price volatility. The ability of the business to scale its high-tech segments—like aerospace and semiconductor components—while maintaining its debt reduction trajectory will be the key monitorable for long-term financial health.