ScoutQuest30 Oct 2026
Ramkrishna Forgings532527Quarterly results

Ramkrishna Forgings Q2 FY27 consolidated revenue up 55% to Rs. 1,405 crore; Rs. 673 crore of new orders won

Q2 FY27 consolidated revenue up 54.9% YoY to Rs. 1,405 crore, EBITDA up 109.1% to 256 with 18.2% margin.

By ScoutQuest · · 1 min read

33.1%Export share of revenue
Export share of revenue: 33.1%.
Q2 FY27 consolidated revenue
1,405 crore, up 54.9% YoY and 15.5% QoQ
Q2 FY27 EBITDA
256, up 109.1% YoY at an 18.2% margin
New orders won in Q2 FY27
₹ 673 crore with a 4-year program life, about 48% domestic and 52% export
Period
Q2 FY27 and H1 FY27 (quarter and half year ended…
Positioning
The company presents itself as a diversified forgings and castings maker serving commercial vehicles, passenger vehicles, railways and industrial applications in India and overseas.

📈 Consolidated revenue (excluding other income) was 1,405 crore in Q2 FY27, up 54.9% YoY and 15.5% QoQ; EBITDA rose 109.1% YoY to 256 at an 18.2% margin, and PBT before exceptional items was 96 versus -5 a year earlier. H1 FY27 revenue was 2,622 crore, up 36.4%, with PAT of 117 crore.

🏭 Forgings volume rose 34.8% YoY to 53,104 tons in Q2 FY27 and castings volume rose 126.5% to 11,583 tons. Overall utilisation reached 72% on installed capacity of 3,95,800 MT after press and casting additions during FY26.

🌍 The company won new orders worth ₹ 673 crore in Q2 FY27 with a 4-year program life, about 48% domestic and 52% export, which it says reflects progress in its diversification strategy.

🏭 Management states its priorities are higher capacity utilisation, efficiency and profitability from past investments, scaling casting and aluminium forging, and growth in Railways, passenger vehicles and higher value-added products, while improving cash flows and return on capital.

2,622 (₹ in Crore)
FY264,238 (₹ in Crore)H1 FY272,622 (₹ in Crore)
Revenue from operations: 4,238 (₹ in Crore) (FY26) and 2,622 (₹ in Crore) (H1 FY27).
More numbers
  • Consolidated revenue, Q2 FY27Rs. 1,405 crore
  • Consolidated revenue growth YoY, Q2 FY2754.9%
  • Consolidated EBITDA margin, Q2 FY2718.2%
  • Consolidated EBITDA growth YoY, Q2 FY27109.1%
  • New order wins, Q2 FY27₹ 673 crore
  • Revenue from operations, H1 FY272,622 (₹ in Crore)
  • Profit after tax, H1 FY27117 (₹ in Crore)
  • Revenue from operations, FY264,238 (₹ in Crore)
  • Total equity, H1 FY273,595 (₹ in Crore)
  • Forgings volume, Q2 FY27 (tons)53,104
  • Total capacity utilisation, Q2 FY2772%
  • Export share of revenue, H1 FY2733.1%
Source: BSE · 30 Oct 2026

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