Ramkrishna Forgings Limited has informed the Exchange about Q4 & FY 26 Earnings Call Transcript
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Ramkrishna Forgings reported strong Q4 FY26 results with consolidated revenue of Rs. 1,216.78 crores, up 28% YoY, and EBITDA of Rs. 208.19 crores, more than doubling YoY with margins improving to 17.1% (up 220 bps Q-on-Q). Full year FY26 revenue was Rs. 4,238 crores (up 5% YoY) with EBITDA of Rs. 642.70 crores (up 15% YoY). The company secured new orders worth Rs. 594 crores in Q4, with 56% from auto and 44% from non-auto segments including Rs. 258 crores from energy storage. Railway business now contributes 7.5% of revenue vs 4.6% last year. Management guided for 80-85% capacity utilization by FY27 end, export mix improving above historical 40%, and margins expected to be 100-150 bps better than Q4 levels. Class 8 truck demand in North America is expected to remain strong through Q3 CY27. Rail wheel JV plant expected to commence production in Q1 FY27 with 40,000 wheel supply target.
The strong Q4 performance with margin improvement demonstrates operational leverage as capacity utilization increases. Management's confident guidance on better margins, improving export mix, and debt reduction of Rs. 400-500 crores signals a positive trajectory for FY27 earnings and cash flows.