Ramkrishna Forgings Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Ramkrishna Forgings Limited reported FY26 standalone revenue of Rs 3,75,492 lakhs, up 3.3% from Rs 3,63,430 lakhs in FY25. However, profit after tax declined sharply to Rs 8,651 lakhs from Rs 40,182 lakhs in FY25—an 78% drop. The PAT decline was driven by exceptional items totaling Rs 969 lakhs including Rs 4,205 lakhs provision for expected credit losses on trade receivables due to West Asia conflict disruptions and US tariffs affecting exports, Rs 941 lakhs impact of new labour codes, partially offset by Rs 4,176 lakhs electricity duty recovery. Finance costs increased to Rs 17,606 lakhs from Rs 14,668 lakhs. The Board declared 1st interim dividend of Rs 1 per share and approved revised related party transactions policy. Joint statutory auditors S.R. Batliboi & Co. LLP and S.K. Naredi & Co. LLP issued an unmodified opinion. Two independent directors will cease upon completion of their second term on May 20, 2026.
The 78% PAT decline despite modest 3% revenue growth signals cost pressures and geopolitical headwinds impacting export customers. The Rs 4,205 lakh ECL provision on trade receivables suggests credit risk from US and Europe customers affected by tariffs and West Asia disruptions. Stock may face pressure near-term.