RFRamkrishna Forgings532527Auto components, forging

Ramkrishna Forgings reported strong Q2 results with 55% revenue growth, EBITA more than doubling, and profit before tax near ₹100 crore versus a loss a year ago; stock up 5%

By ScoutQuest · Mon 2 Nov 2026, 11:02 AM IST · 1 min read

Revenue growth

55 percent

Profit before tax

100 crore rupees

Prior year loss

5 crore rupees

Margin expansion

13.5 percent to 18 percent

Quarterly margin improvement guidance

30 to 40 basis points

Heard on business television between 11:08:43 - 11:11:43 IST.

• Revenue grew 55% YoY, EBITA more than doubled, and profit before tax came in near ₹100 crore versus a loss of ₹5 crore last year, per MD Manish Jalan
• Margins expanded from about 13.5% to 18%, with guidance of 30-40 basis points improvement per quarter going forward
• Forging volumes grew 35% and casting volumes doubled quarter on quarter; casting utilization expected at 80-85% by year end
• North American exports more than doubled with ~₹400 crore of new order wins last quarter, while European revenue declined about 18% in percentage terms though absolute growth was sustained
• Mexican facility, started two quarters ago, did about $1 million revenue this quarter, with $40-45 million business expected from there over next two years
• Order wins of ₹673 crore in Q2, including ₹350 crore from exports; railway and wheel production cited as major growth drivers, passenger vehicle exports expected to see double-digit growth in FY28

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