Ramkrishna Forgings Q1 FY27 profit jumps 298% YoY

Key takeaway from the June-quarter print

Ramkrishna Forgings Limited reported a sharp year-on-year rise in profitability for the quarter ended June 30, 2026 (Q1 FY27). Consolidated profit after tax (PAT) came in at ₹46.88 crore, up from ₹11.79 crore in Q1 FY26. Consolidated revenue from operations was ₹1,216.67 crore, reflecting about 19.8% growth year-on-year and remaining broadly flat sequentially. Operating performance improved as EBITDA (excluding other income) rose to ₹218.47 crore, with EBITDA margin expanding to 17.96%. The company presented its Q1 FY27 investor slides on July 24, 2026, framing the quarter as an early outcome of diversification and tighter execution.

What the company presented on July 24, 2026

In the investor presentation dated July 24, 2026, Ramkrishna Forgings highlighted a “dramatic turnaround” in profitability, linking it to improved operating leverage and product mix. Management commentary in the slides described the start of what it called “the best period for RKFL.” The presentation also reiterated that revenue was largely steady quarter-on-quarter while growing strongly versus the year-ago quarter. Within operating metrics, the company pointed to an improvement in EBITDA margin from 17.11% in the previous quarter to 17.96% in Q1 FY27. The quarter was also used to highlight business wins, including a large order intake from the automobile segment.

Consolidated financial performance: growth with improving margins

The headline numbers showed both top-line expansion and margin improvement. Consolidated revenue from operations increased to ₹1,216.67 crore in Q1 FY27 from ₹1,015.26 crore in Q1 FY26. Total income rose to ₹1,220.11 crore from ₹1,018.89 crore over the same period. EBITDA (excluding other income) was reported at ₹218.47 crore, up 47% year-on-year and 5% quarter-on-quarter, indicating that operating profit grew faster than revenue. EBITDA margin improved to 17.96%, compared with 17.11% in the previous quarter.

Profitability details: PBT, PAT, EPS and comprehensive income

Profit before tax (PBT) for Q1 FY27 was reported at ₹64.73 crore, compared with ₹17.32 crore in Q1 FY26, and ₹58.86 crore in Q4 FY26. The company also disclosed a ₹0.61 crore share of loss from its joint venture within the quarter. PAT rose to ₹46.88 crore from ₹11.79 crore a year earlier, while it declined sequentially from ₹55.94 crore in Q4 FY26. Earnings per share (EPS) reflected the same pattern, with basic EPS at ₹2.58 in Q1 FY27 versus ₹0.65 in Q1 FY26 (and ₹3.09 in Q4 FY26), while diluted EPS stood at ₹2.53. Total comprehensive income was ₹47.51 crore, up from ₹10.58 crore in Q1 FY26, supported by other comprehensive income of ₹0.63 crore.

Other operating metrics highlighted by the company

The company reported gross margin of 54.07% for the quarter, compared with 48.99% in FY26. It also attributed the improvement in EBITDA margin to better operating leverage and an improved product mix. Separately, the investor commentary in the provided material noted that the quarter’s performance was supported by robust domestic demand, export growth, and disciplined execution across a diversified portfolio. These points were presented as operational drivers behind the sharp year-on-year improvement in profitability.

Business win disclosed: ₹278 crore order with four-year program life

Alongside financial results, Ramkrishna Forgings disclosed that during Q1 FY27 it secured business worth ₹278 crore from the automobile segment. The company stated that the program life for this business is four years. While the company did not provide additional customer-level details in the provided information, the disclosure indicates continued order flow even as quarterly revenue stayed flat sequentially.

Stock market reaction and trading context

Despite the quarter’s strong year-on-year profit growth, the stock moved lower around the results and presentation date. One data point in the provided material said the stock edged down 0.57% to 580.7, trading about 8.1% below its 52-week high of 632. Another market snapshot referenced the stock at ₹579.05, down 0.85% on July 24, 2026. Taken together, the updates show the market reaction was cautious on the day, even as the company reported higher margins and a large jump in PAT compared with the year-ago quarter.

Corporate and governance updates alongside results

The company also announced leadership and audit-related updates. Chaitanya Jalan was re-designated from Whole-Time Director to Joint Managing Director, with effect from July 24, 2026. Separately, M/s Singhi & Co., Chartered Accountants, was re-appointed as internal auditors of the company for FY27. These disclosures were presented along with the quarter’s financial results information.

Summary table: Q1 FY27 vs Q1 FY26 and Q4 FY26 (consolidated)

Why this quarter matters for investors tracking RKFORGE

The Q1 FY27 numbers show a combination of year-on-year revenue growth and a much sharper improvement in profits, supported by higher operating profitability and a stronger margin profile. At the same time, the sequential comparison highlights that revenue was flat and PAT declined versus Q4 FY26, which is relevant when assessing the sustainability of quarterly earnings momentum. Investors also have new data points from the company’s disclosures, including the ₹278 crore order win with a four-year program life, and the margin improvement to 17.96% on an EBITDA (excluding other income) basis. The next key reference points will be subsequent quarterly updates and any further disclosures tied to order execution and operating margin trajectory.