Ramkrishna Forgings Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Ramkrishna Forgings reported standalone revenue of Rs. 3,75,492.46 lakhs for FY2026, up 3.3% from Rs. 3,63,429.92 lakhs in FY2025. However, profit after tax (PAT) declined sharply to Rs. 8,650.53 lakhs from Rs. 40,182.01 lakhs (down 78%) primarily due to exceptional items including Rs. 4,204.84 lakhs ECL provision on trade receivables due to West Asia conflict and US tariffs, Rs. 4,176.40 lakhs electricity duty reversal, and Rs. 940.83 lakhs labour code impact. Last year's PAT was boosted by Rs. 10,287.33 lakhs gain from subsidiary sale. The Board declared 1st interim dividend of Rs. 1 per share, allotted 1,64,413 ESOP shares at Rs. 556 each, reappointed Managing Director Naresh Jalan for 3 years, and noted cessation of two independent directors. Auditors issued unmodified (clean) opinion.
The sharp PAT decline despite modest revenue growth signals margin pressure from geopolitical disruptions and one-time charges; however, the clean audit opinion and dividend declaration provide some stability for shareholders. The stock may face near-term weakness given the profit contraction.