Quarterly results for Ramkrishna Forgings Ltd
Ramkrishna Forgings Limited – Q1 FY26 Results Summary
Announcement Date: 1 August 2025
Key Financial Metrics (INR Lakhs):
| Metric | Q1 FY26 Standalone | Q1 FY26 Consolidated | Q4 FY25 Standalone | Q4 FY25 Consolidated | Q1 FY25 Standalone (Restated) | Q1 FY25 Consolidated (Restated) |
|---|---|---|---|---|---|---|
| Revenue from operations | 93,669 | 101,526 | 80,962 | 94,721 | 88,634 | 95,948 |
| Profit before tax | 2,938 | 1,732 | (1,766) | (2,365) | 6,511 | 7,856 |
| Net Profit | 2,151 | 1,179 | 20,785 | 19,983 | 4,252 | 5,473 |
| EPS (Basic, ₹) | 1.19* | 0.65* | 11.48* | 11.04* | 2.35* | 3.03* |
*Not annualised
Financial Highlights:
- Standalone revenue increased 5.7% QoQ to ₹93,669 lakhs; net profit recovered to ₹2,151 lakhs after Q4 FY25 loss.
- Consolidated revenue rose to ₹101,526 lakhs; net profit at ₹1,179 lakhs impacted by joint venture losses (₹666 lakhs).
- Deferred tax assets of ₹18,737 lakhs recognized following merger with ACIL Limited; tax benefits utilized in Q1 FY26.
- Excess managerial remuneration of ₹693 lakhs for FY25 pending shareholder approval.
Balance Sheet and Investments:
- Acquisition of Ramkrishna Forgings Mexico S.A. DE. C.V. completed in August 2024; total investment ₹2,920 lakhs as of Q1 FY26.
- Investment in joint venture Ramkrishna Titagarh Rail Wheels Limited (RTRWL) increased by ₹1,275 lakhs in Q1 FY26; total ₹18,870 lakhs.
- Disinvestment of 100% stake in Globe All India Services Limited (GAISL) completed in Q2 FY25; gain of ₹10,287 lakhs recognized.
Management Commentary:
- Inventory discrepancies identified in FY25 were addressed with restatement of Q1 FY25 comparatives; no fraud detected.
- Merger accounting adjustments related to ACIL Limited completed.
- No changes in accounting policies; no further inventory adjustments expected.
- Awaiting shareholder ratification of excess managerial remuneration at upcoming AGM.
Segment Performance:
- Operations focused on a single segment: Forging Components.
- Non-core segments (tourism, sanitization, cargo services) divested post GAISL sale.
Outlook:
- No specific guidance provided for upcoming quarters.
- Strategic focus on core forging business with ongoing expansion via acquisitions and joint ventures.
This summary reflects Ramkrishna Forgings Limited’s Q1 FY26 financial and operational performance, corporate actions, and key management disclosures as of 1 August 2025.
Note: This is an AI generated summary of the results. There may be inaccuracies in the summary. Please refer to the original document before making investment decisions.