Ramkrishna Forgings Q1 FY27 Earnings Call Transcript Released
Ramkrishna Forgings reported Q1 FY27 consolidated revenue of ₹1,217 crore, up 19.84% YoY. EBITDA grew 47% YoY to ₹218.47 crore, with margins at 17.96%. PAT surged 297% YoY to ₹46.88 crore. The company secured ₹278 crore in new auto orders and ₹15 crore from Indian Railways Metro. Net debt reduced to ₹1,900 crore.
The announcement details significant financial performance improvements, substantial new order wins, strategic expansion into high-growth sectors like aerospace and semiconductors, and clear financial targets (ROCE, debt reduction), all of which are material to investors.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT. New order wins and positive commentary on future growth prospects and expansion into new segments contribute to a positive sentiment.
Ramkrishna Forgings Limited has released the transcript of its Earnings Conference Call for Q1 FY27, which was held on July 24, 2026. The company reported consolidated revenue of ₹1,217 crores for the quarter, showing a year-on-year growth of 19.84% and remaining flat quarter-on-quarter. EBITDA, excluding other income, rose by 47% year-on-year to ₹218.47 crores, with EBITDA margins improving to 17.96% from 17.11% in the previous quarter.
Profit Before Tax (PBT) for the quarter stood at ₹65.34 crores, a significant increase from ₹23.9 crores year-on-year. Profit After Tax (PAT) grew by 297% year-on-year to ₹46.88 crores from ₹11.7 crores. The company secured new business worth ₹278 crores from the automobile segment with a program life of four years, and an additional ₹15 crores from the Metro segment of Indian Railways.
Management highlighted the integration of casting operations is substantially complete, with a focus on scaling production and improving efficiencies. The company is also expanding its presence in passenger vehicles, electric vehicles, and advanced materials like aluminum and specialty alloy forgings. Future growth is anticipated from non-ferrous products such as aluminum, titanium, Inconel, and nimonic grades for aerospace, robotics, and semiconductors, though significant revenue from these areas is expected in 12-18 months.
The company aims to reduce leverage, targeting a ROCE of 12-15% for FY27 and 20% for FY28. Net debt has reduced by ₹100 crores to ₹1,900 crores in Q1 FY27, with a target to reduce leverage by at least ₹500 crores in FY27. Planned capex for the year is around ₹350 crores, including an investment of ₹20-30 crores in the Rail JV. The company expects export revenue to be robust, contributing approximately 35% of the consolidated balance sheet, with a projected growth of over 20%. The Rail Wheel project is on track, with trial production started and bulk production expected by September or October 2026. Mexico operations are expected to contribute significant revenues from Q3 FY27, with ₹6 crores already recorded in Q1 FY27.
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Ramkrishna Forgings Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Ramkrishna Forgings Limited. Read the original for the full detail.