Ramkrishna Forgings Limited submitted its Q2 & H1 FY 2026-27 Investors Presentation to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of SEBI Listing Regulations.

Financial Performance (Consolidated)

The company reported consolidated revenues of ₹1,405 crore in Q2 FY27, representing a 55% year-on-year increase. For the half year ended 30 September 2026, consolidated revenue stood at ₹2,622 crore.

Standalone Financial Highlights (Q2 FY27)

  • Total Revenue: ₹1,262.80 crore (56.1% YoY growth)
  • Domestic Revenue: ₹821.57 crore (59.1% YoY growth)
  • Export Revenue: ₹424.52 crore (52.7% YoY growth)
  • Other Income & Export Incentive: ₹16.71 crore (14.9% YoY growth)

Half Yearly Standalone Performance (H1 FY27)

  • Total Revenue: ₹2,364.48 crore (35.1% YoY growth)
  • Domestic Revenue: ₹1,556.64 crore (38.1% YoY growth)
  • Export Revenue: ₹778.39 crore (30.4% YoY growth)
  • Other Income & Export Incentive: ₹29.45 crore (13.4% YoY growth)

Operational Metrics and Capacity Utilization

Production volumes and capacity utilization showed significant improvement across all segments:

Ring Rolling Segment:

  • Installed Capacity: 24,000 MT
  • Q2 FY27 Production: 8,674 MT (145% utilization)
  • Q1 FY27 Production: 7,621 MT (127% utilization)
  • Q2 FY26 Production: 5,267 MT (88% utilization)

Forgings Segment:

  • Installed Capacity: 70,350 MT
  • Q2 FY27 Production: 12,165 MT (69% utilization)
  • Q1 FY27 Production: 11,227 MT (64% utilization)
  • Q2 FY26 Production: 9,341 MT (53% utilization)

Press Segment:

  • Total Installed Capacity: 239,050 MT
  • Q2 FY27 Production: 36,297 MT (61% utilization)
  • Q1 FY27 Production: 35,689 MT (60% utilization)
  • Q2 FY26 Production: 27,112 MT (61% utilization)

Casting Segment:

  • Total Installed Capacity: 62,400 MT
  • Q2 FY27 Production: 13,789 MT (88% utilization)
  • Q1 FY27 Production: 12,357 MT (79% utilization)
  • Q2 FY26 Production: 5,769 MT (69% utilization)

Capacity Expansion

Recent capacity additions include:

  • Press line capacity of 3,000 MT added on January 20, 2026
  • Press line capacity of 40,000 MT added on March 06, 2026
  • Casting capacity of 28,800 MT added on March 31, 2026
  • Press line capacity of 18,000 MT added in Ramkrishna Casting Solutions Limited on December 31, 2025

Order Wins

During Q2 FY27, the company secured new orders worth ₹673 crore with a program life of 4 years:

  • 48% from Domestic Markets
  • 52% from Export market
  • Segment breakdown: 45% from CV Segment, 41% from LV Segment, 13% from Farm Equipment Segment, 1% from EV Segment

Revenue Breakup by Segment (Historical Trend)

The presentation showed evolving revenue mix from FY22 to H1 FY27, with domestic auto increasing from 39.2% in FY22 to 48.4% in H1 FY27, and railways growing from 1.7% to 5.5% over the same period.

Export Market Breakdown (Q2 FY27)

  • North America: ₹301.69 crore (58.0% of total exports)
  • Europe: ₹120.95 crore (41.3% of total exports)
  • Asia & others: ₹1.88 crore (0.7% of total exports)

Management Commentary

Naresh Jalan, Managing Director, stated: "Against the backdrop of continued pressure in the global economic environment, we are pleased to report a solid performance this quarter." He highlighted strong domestic demand, improving international markets, operational efficiency focus, and progress in capacity expansion including casting, aluminium forging operations, and Mexico facility.

ESG Initiatives

The company reported progress on sustainability goals including 3% decrease in energy intensity, 26% increase in renewable energy consumption, 18% decrease in water intensity, and 50% decrease in hazardous waste intensity. They have trained 98.5% of permanent employees on ESG and human rights principles.

Corporate Governance

The document was signed by Rajesh Mundhra, Company Secretary & Compliance Officer (ACS12991), and submitted to the exchanges in compliance with SEBI Listing Regulations.