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Ramkrishna Forgings swings to Q2 profit of ₹71 crore, revenue jumps 55%; declares ₹2 interim dividend - Published OnOct 30, 2026 | 18:18 IST - Last Updated OnOct 30, 2026 | 18:18 IST Robust domestic demand and surging international orders propelled a sharp operational turnaround for the manufacturer, supported by multi-segment contract wins and expanded capacity. Management also raised its financial commitment to a key rail joint venture. Discover how analysts view its valuation following recent share price declines. Ramkrishna Forgings reported a consolidated net profit of ₹71 crore for the second quarter of FY27, compared with a net loss of ₹9.5 crore in the year-ago period. Revenue from operations increased 54.9% year-on-year to ₹1,405.4 crore from ₹907.5 crore. EBITDA rose 35.1% to ₹223.4 crore from ₹165.3 crore, while EBITDA margin improved to 18.2% from 13.5%. The company said strong domestic demand, improving business in international markets and a focus on operational efficiency supported its performance during the quarter. It also secured new contracts worth ₹673 crore across various segments, strengthening its order book and growth visibility. Managing Director Naresh Jalan said investments in capacity expansion, new capabilities and a wider product portfolio were contributing to more balanced growth. He added that the company remains focused on improving capacity utilisation, operational efficiencies and profitability from investments made over the past few years. He added, "With a strong order pipeline and a more diversified business, we remain focused on sustaining growth momentum, improving cash flows, strengthening our balance sheet and enhancing return on capital, while creating long-term value for all stakeholders.” Ramkrishna Forgings is also scaling up its casting and aluminium forging operations, while its Mexico facility is strengthening its presence closer to international customers. The company sees opportunities across commercial vehicles, passenger vehicles, railways and industrial applications in India and overseas. Interim dividend, investment in rail wheels JV The company's board declared a first interim dividend of ₹2 per equity share of face value ₹2 for FY27. November 6, 2026, has been fixed as the record date, and the dividend will be paid within 30 days of declaration, subject to tax deducted at source. The board also approved an increase of ₹56.76 crore in the investment limit in Ramkrishna Titagarh Rail Wheels Ltd, its joint venture, through equity contribution in one or more tranches. Separately, the company appointed Subir Chakraborty and Anurag Vohra as non-executive independent directors for five consecutive years with effect from October 30, 2026. The appointments are subject to shareholder approval. Ramkrishna Forgings shares closed 4.03% lower at ₹645.10 on October 30, declining ₹27.10. The stock is up 24.91% year-to-date.
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