This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Memorandum widened for defence, aerospace, semiconductor and drone businesses
RKFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.4 pts more than Nifty Smallcap 250 and 6.2 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved a change to the memorandum of association allowing entry into semiconductor, aerospace, defence, drone and related engineering businesses, directly or through subsidiaries and joint ventures. It needs shareholder approval. The company also declared a Rs 2 per share interim dividend and approved a 56.76 crore equity investment in 51%-owned rail wheel joint venture RTRWL, identified as a related party transaction.
Shareholders must approve the expansion. It opens growth options, but added investment and execution risk may weigh on cash flow before returns.
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Revenue | ₹1,405 Cr | ₹907.5 Cr | +54.9% |
| Operating profit | ₹91.94 Cr | −₹11.18 Cr | turned positive |
| Profit after tax | ₹70.59 Cr | −₹9.50 Cr | turned positive |
| EBITDA margin | 18.2% | 13.0% | +5.2 pp |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.