Ramkrishna Forgings Q2 Revenue Rises 54.9% to Rs 1,405 Crore

Ramkrishna Forgings Limited reported consolidated revenue from operations of Rs 1,405 crore in Q2 FY27, a 54.9% year-on-year increase from Rs 908 crore in Q2 FY26. The performance was disclosed during the company's earnings call transcript for the quarter and half year ended September 30, 2026.

What did Ramkrishna Forgings report for Q2 FY27?

Ramkrishna Forgings reported consolidated revenue from operations of Rs 1,405 crore for the quarter ended September 30, 2026. This represented year-on-year growth of 54.9% compared with revenue of Rs 908 crore in the corresponding quarter of FY26.

The company shared the figure in its earnings conference call transcript filed under Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015. The call with analysts and investors was held on October 30, 2026, at 18:00 hours IST.

The filing states that revenue was also higher sequentially, although the source material does not specify the quarter-on-quarter percentage or the comparable Q1 FY27 revenue figure. As a result, the disclosed year-on-year growth rate remains the clearest measure of the reported Q2 performance.

Ramkrishna Forgings is listed on the BSE under scrip code 532527 and on the National Stock Exchange of India under the symbol RKFORGE. The Kolkata-headquartered company manufactures and sells forged components used in automobiles, railway wagons and coaches, and engineering applications.

How did the company communicate the quarterly update?

Ramkrishna Forgings communicated the Q2 FY27 financial update through an earnings conference call transcript submitted to the stock exchanges. The disclosure followed an earlier intimation dated October 27, 2026 regarding the planned analyst and investor call.

The transcript covers the unaudited financial results for both the quarter and half year ended September 30, 2026. Such disclosures enable investors to review management commentary alongside the reported financial results, although the supplied material primarily provides the Q2 consolidated revenue figure.

The company has also issued Regulation 30 disclosures on other corporate developments. One press release cited in the source material was titled "Opens Offices in Russia & Europe." However, the provided text does not state the opening dates, locations, investment amount, expected financial contribution, or operational scope of those offices.

What is Ramkrishna Forgings' operating background?

Ramkrishna Forgings was incorporated in 1981 and is headquartered in Kolkata. It describes itself as an integrated manufacturer of rolled, forged, machined and cast products, serving automotive, railways, farm equipment, earth-moving, mining and construction, oil and gas, power, and general engineering sectors.

Its manufacturing operations include facilities in Jamshedpur and Adityapur Industrial areas, according to the supplied disclosures. The company has expanded capacity at its press and forging facilities during 2025. Press capacity increased from 149,050 metric tonnes to 174,050 metric tonnes on January 31, 2025, while forging capacity increased from 56,100 metric tonnes to 70,350 metric tonnes on March 27, 2025.

The group structure disclosed in its June 2026 results includes Ramkrishna Forgings LLC, Ramkrishna Casting Solutions Limited, Ramkrishna Forgings Mexico S.A. de C.V., and the Ramkrishna Titagarh Rail Wheel Limited joint venture. Ramkrishna Forgings Mexico was acquired by the company and operates as a wholly owned subsidiary.

Why does the revenue growth matter for investors and industry?

The 54.9% year-on-year rise in Q2 FY27 revenue indicates a substantial increase in the group's reported operations compared with the same period a year earlier. For investors, revenue is a central indicator of business scale, particularly for a manufacturer exposed to automotive, railway and industrial demand.

The capacity additions completed in 2025 provide important context to the reported growth. The press facility added 25,000 metric tonnes of capacity, while the forging facility added 14,250 metric tonnes. The disclosure does not attribute the Q2 revenue increase to these expansions, but the additions show that the company had increased its manufacturing capability before the FY27 reporting period.

The company had previously reported EBITDA excluding other income of Rs 218.47 crore for Q1 FY27. It said this was 47% higher year-on-year and 5% higher quarter-on-quarter, with EBITDA margin improving to 17.96% from 17.11% in the previous quarter. The supplied Q2 material does not provide EBITDA or margin figures, so a direct profitability comparison for Q2 cannot be made from the available information.

What should investors note from the latest disclosure?

Investors should distinguish between the reported Q2 revenue growth and details that have not been disclosed in the supplied material. The company confirmed Q2 FY27 revenue of Rs 1,405 crore and the 54.9% annual increase, but it did not provide a sequential revenue growth percentage, Q2 profitability metrics, or a financial outlook in the text provided.

Ramkrishna Forgings' overseas operations and referenced offices in Russia and Europe are relevant to its international footprint. Yet the available release does not quantify their likely effect on revenue, costs, export volumes, or order flows. Similarly, the Mexico subsidiary is identified as part of the group, without a separate financial contribution in the Q2 filing excerpt.

For the wider forging industry, the update is relevant because the company serves several capital-intensive and transport-linked end markets. However, the disclosure alone does not establish demand trends for individual segments or the broader sector. The reported figures should therefore be assessed with subsequent quarterly filings and any additional company guidance.

Conclusion

Ramkrishna Forgings' Q2 FY27 consolidated revenue of Rs 1,405 crore, up 54.9% from Rs 908 crore a year earlier, is the key finding from its latest earnings call disclosure. The result follows manufacturing capacity increases completed in 2025 and comes from a business with exposure to automotive, rail and engineering markets.

Investors should watch for future financial disclosures that provide Q2 profitability, segment-level commentary, and further information on the Russia and Europe offices. Updates on the contribution from overseas subsidiaries, including the Mexico operation, would also help clarify the scale and composition of the group's international business.