Home / Business and Economy / Ramkrishna Forgings Sees Profit Surge on Strong Demand
Ramkrishna Forgings Sees Profit Surge on Strong Demand
30 Oct
Summary
- Net profit reversed to ₹71 crore from a loss in the prior year.
- Revenue grew 54.9% year-on-year to ₹1,405.4 crore.
- Company increased investment limit in a key rail wheels joint venture.
Ramkrishna Forgings has achieved a substantial operational turnaround, reporting a consolidated net profit of ₹71 crore for the second quarter of FY27. This marks a significant improvement from a net loss of ₹9.5 crore during the same period last year. The company's revenue from operations saw a 54.9% year-on-year increase, reaching ₹1,405.4 crore.
This performance was propelled by strong domestic demand, improving international market business, and a dedicated focus on operational efficiency. Ramkrishna Forgings secured new contracts totaling ₹673 crore across various segments, enhancing its order book and future growth visibility. The company also declared a first interim dividend of ₹2 per equity share for FY27.
Further strengthening its strategic position, the board approved an increase of ₹56.76 crore in the investment limit for Ramkrishna Titagarh Rail Wheels Ltd, its joint venture. This move underscores the company's commitment to expanding its capabilities and market presence, particularly in the railway sector.
