Ramkrishna Forgings Limited
Financial Results Approval
Standalone Results for Q2 FY27 (Quarter ended September 30, 2026):
- Revenue from operations: ₹1,255.02 crore
- Other income: ₹7.78 crore
- Total income: ₹1,262.80 crore
- Profit before tax: ₹91.74 crore
- Profit for the period: ₹67.73 crore
- Basic EPS: ₹3.72; Diluted EPS: ₹3.65
Standalone Results for H1 FY27 (Six months ended September 30, 2026):
- Revenue from operations: ₹2,352.24 crore
- Other income: ₹12.24 crore
- Total income: ₹2,364.48 crore
- Profit before tax: ₹163.21 crore
- Profit for the period: ₹119.91 crore
- Basic EPS: ₹6.60; Diluted EPS: ₹6.46
Consolidated Results for Q2 FY27:
- Revenue from operations: ₹1,405.42 crore
- Other income: ₹4.20 crore
- Total income: ₹1,409.62 crore
- Profit before tax: ₹95.45 crore
- Profit for the period: ₹70.59 crore
- Basic EPS: ₹3.80; Diluted EPS: ₹3.80
Consolidated Results for H1 FY27:
- Revenue from operations: ₹2,620.90 crore
- Other income: ₹7.64 crore
- Total income: ₹2,628.54 crore
- Profit before tax: ₹160.19 crore
- Profit for the period: ₹117.47 crore
- Basic EPS: ₹6.33; Diluted EPS: ₹6.33
Dividend Declaration
- Declared first interim dividend of ₹2 per equity share (face value ₹2 each) for FY2026-27
- Dividend will be paid within 30 days from declaration date (October 30, 2026)
- Record date fixed: November 6, 2026
- Subject to TDS as applicable
Director Appointments
- Appointed Mr. Subir Chakraborty (DIN: 00130864) as Non-Executive Independent Director for 5 years effective October 30, 2026
- Appointed Mr. Anurag Vohra (DIN: 10253815) as Non-Executive Independent Director for 5 years effective October 30, 2026
- Both appointments subject to shareholder approval
- Mr. Chakraborty: B-Tech (IIT Madras), PGDM (IIM Calcutta), former MD & CEO of Exide Industries
- Mr. Vohra: BE (Mechanical, NIT Surat), PG Diploma in Business Administration, former COO at TI Clean Mobility
- Neither director has any inter-se relationships with other directors/KMPs
Memorandum of Association Alteration
- Proposed alteration to object clause to enable diversification into new business areas
- New business areas: semiconductors, aerospace applications, drones, defense, and related technologies
- To be conducted through company or subsidiaries
- Requires shareholder approval
- Specific new sub-clause 9 added to Clause IIIA of MOA covering design, development, manufacturing of engineering products for commercial, industrial, defense and space applications
ESOP Scheme Amendment
- Approved amendment to RKF Limited Employee Stock Option Scheme 2023
- Extension of scheme applicability to employees of subsidiaries
- Requires shareholder approval
Joint Venture Investment
- Approved additional investment of ₹56.76 crore in Ramkrishna Titagarh Rail Wheels Limited (joint venture)
- Investment to be made in one or more tranches by way of equity contribution
- Company holds 51% stake in JV; Titagarh Rail Systems Limited holds 49%
- JV is setting up Asia's second-largest forged wheel manufacturing plant in Puduvoyal Village, Tiruvallur District, Tamil Nadu
- Total project cost: ₹2,181.41 crore (divided into two phases)
- Annual capacity: ~228,000 wheels
- Paid-up capital as on date: ₹532.65 crore
- JV incorporated on June 9, 2023; yet to commence commercial production
Policy Amendments
Approved amendments to following policies:
- Policy on Anti-Bribery and Anti-Corruption
- Policy on preservation & archival of documents/records
- Policy on prevention, prohibition and redressal of sexual harassment at workplace
- Policy For Determining Material Subsidiary
- Corporate Social Responsibility Policy
Meeting Details
- Board meeting commenced at 2:30 PM IST and concluded at 4:00 PM IST on October 30, 2026
- Information available on company website: www.ramkrishnaforgings.com
Additional Financial Information
Standalone Assets and Liabilities (as of September 30, 2026):
- Total assets: ₹6,814.04 crore
- Total equity: ₹3,561.48 crore
- Non-current assets: ₹4,183.74 crore
- Current assets: ₹2,630.30 crore
Consolidated Assets and Liabilities (as of September 30, 2026):
- Total assets: ₹7,728.78 crore
- Total equity: ₹3,546.67 crore
- Non-current assets: ₹4,860.34 crore
- Current assets: ₹2,868.44 crore
Auditor Details:
- Joint statutory auditors: S.R. Batliboi & Co. LLP and S.K. Naredi & Co. LLP
- Limited review reports issued for both standalone and consolidated results