Ramkrishna Forgings Ltd · NSE:RKFORGE
Ramkrishna Forgings — H1 FY27 Earnings Presentation
25 slides from Ramkrishna Forgings's earnings presentation, Oct 30, 2026
Slide 1: Exchange filing cover letter: Q2 & H1 FY27 Investor Presentation
RAMKRISHNA FORGINGS LIMITED Date: 30 October 2026 To, National Stock Exchange of India Limited ~ BSE Limited Listing Department Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Floor 25, Phiroze Jeejeebhoy Towers Bandra (East) Dalal Street Mumbai 400 051 Mumbai 400 001 Symbol: R
Slide 2: Forging the next frontier – Investor Presentation Q2 & H1 FY27
Forging the next frontier Investor Presentation – Q2 & H1 FY27
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ramkrishna Forgings Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 4: Content
1 Q2 & H1 FY27 Financial Overview Content 2 About Ramkrishna Forgings 3 Our Commitment 3
Slide 5: Q2 & H1 FY27 Financial Overview
Q2 & H1 FY27 Financial Overview 4
Slide 6: MD's Insights and Reflections
MD’s Insights and Reflections “Against the backdrop of continued pressure in the global economic environment, we are pleased to report a solid performance this quarter. We have reported consolidated revenues of Rs. 1,405 crore in Q2 FY27, an increase of 55% YoY, accompanied by improved profitability
Slide 7: Key Performance Indicators (Standalone)
Key Performance Indicators (Standalone) Revenue* EBITDA* & EBITDA Margin (%) PBT & PBT Margin (%)# Y-O-Y 56.7% Y-O-Y 99.1% Q-O-Q 14.4% Q-O-Q 11.1% Q-O-Q 28.4% 1,255 92 1,097 215 71 801 193 108 0.5 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 13.5% 17.6% 17.1% 0.1% 6.5% 7.3
Slide 8: Key Performance Indicators (Consolidated)
Key Performance Indicators (Consolidated) Revenue* EBITDA* & EBITDA Margin (%) PBT & PBT Margin (%)# Y-O-Y 54.9% Y-O-Y 109.1% Q-O-Q 15.5% Q-O-Q 17.3% Q-O-Q 47.1% 1,405 1,217 256 96 908 218 65 123 -5 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 13.5% 18.0% 18.2% NM 5.4% 6.8
Slide 9: Volumes and Realisation
Volumes and Realisation Volume (tons) Forgings Realisation (₹ Lac/ton) Export Markets Y-O-Y 34.8% 1,00,116 53,104 83,580 47,012 39,409 30,686 16,056 26,003 14,630 12,646 2.42 2.52 2.47 2.19 2.29 Domestic Markets 37,048 69,430 32,382 57,577 26,763 2.13 2.08 2.11 1.78 1.81 Q2 FY26 Q1 FY27 Q2 FY27 H1 F
Slide 10: Revenue Breakup
Revenue Breakup Total Revenue Breakup (₹ Crores) Total Revenue Breakup (₹ Crores) Particulars Q2 FY27 Q2 FY26 YoY Q1 FY27 QoQ Particulars H1 FY27 H1 FY26 YoY Domestic 821.57 516.42 59.1% 735.07 11.8% Domestic 1,556.64 1,127.36 38.1% Export 424.52 277.97 52.7% 353.87 20.0% Export 778.39 5,96.72 30.4%
Slide 11: Capacity Utilization
Capacity Utilization Production (MT) Q2 FY27 Q1 FY27 Q2 FY26 Installed Particulars Capacity Utilization Utilization Utilization FY26 Production (MT) Production (MT) Production (MT) (%)* (%)* (%)* Ring Rolling 24,000 26,372 8,674 145% 7,621 127% 5,267 88% Forgings 70,350 43,626 12,165 69% 11,227 64%
Slide 12: Diversified Product Portfolio
Diversified Product Portfolio Q1 H1 Revenue Break-up FY22 FY23 FY24 FY25 FY26 FY27 FY27 Domestic Auto 39.2% 41.9% 39.7% 40.8% 47.0% 48.8% 48.4% Railways 1.7% 2.7% 3.6% 4.6% 7.5% 6.0% 5.5% Mining, Earth Moving & Farm Equipment 4.1% 4.5% 4.5% 4.8% 5.9% 5.7% 5.7% Miscellaneous (Industrial Components, S
Slide 13: Export Break Up by Geography
Export Break Up by Geography Particulars (₹ in crores) Q2 FY27 Q1 FY27 Q2 FY26 FY26 FY26 (%) FY25 FY25 (%) North America 301.69 222.25 128.74 688.12 58.0% 1,056.42 71.3% Europe 120.95 128.41 146.96 489.83 41.3% 413.51 27.9% Asia & others 1.88 3.21 2.27 8.61 0.7% 12.16 0.8% Total 424.52 353.87 277.97
Slide 14: Order Wins in Q2 FY27
Order Wins in Q2 FY27 Break up of Geography Break up of Segment North Farm America, 272 LV, 272 Equipment, Europe, 90 78 India ₹ 673 Cr North America ₹ 673 Cr Europe EV, 7 CV, 304 India, 323 • During Q2, the Company secured new orders worth ₹ 673 crore, with a program life of 4 years from various se
Slide 15: Income Statement
Income Statement Particulars (₹ in Crore) FY22 FY23 FY24 FY25 FY26 H1 FY27 Revenue from Operations 2,320 3,193 3,705 4,034 4,238 2,622 Cost of Goods Sold 1,161 1,611 1,862 2,000 2,162 1,221 Gross Profit 1,159 1,582 1,843 2,034 2,076 1,401 Gross Profit Margin 49.96% 49.55% 49.74% 50.42% 48.99% 53.43%
Slide 16: Balance Sheet
Balance Sheet Particulars (₹ in Crore) FY22 FY23 FY24 FY25 FY26 H1 FY27 Net block (Tangible assets) 1,566 1,748 2,334 3,157 3,776 3,965 Intangible assets 6 6 127 123 119 117 Investments - - 63 179 237 266 Right-of-use assets 31 30 183 210 203 197 Other non-current assets 74 97 227 381 395 296 Total
Slide 17: Cash Flow
Cash Flow Particulars (₹ in Crore) FY22 FY23 FY24 FY25 FY26 H1 FY27 Cash Flow from Operating Activities Profit before share of profit / (loss) of joint venture and tax from continuing operations 253 374 398 149 84 160 Profit before tax from discontinued operations - - 11 99 - - Adjustment for Operat
Slide 18: About Ramkrishna Forgings
About Ramkrishna Forgings 17
Slide 19: One Stop Solution Provider
One Stop Solution Provider Hot Forging Warm forging Cold Forging Gear Grinding Machining Fabrication Aluminium Forging Casting Providing solutions to Hammer & Upsetter Facilities Ring Rolling Commercial Railways Mining, Earth Industrial Electric Passenger Oil & Gas Vehicles Moving & Components, Vehi
Slide 20: Our Global Presence
Our Global Presence Revenue By Geography * Europe 13.0% North America 18.4% FY26 India Others 68.4% 0.2% Revenue By Geography * Europe 10.6% Headquarters & Manufacturing facilities: Sales & support services: Warehousing facility: North Headquarters – Kolkata • Detroit, USA • Shelbyville, USA • Veron
Slide 21: Our Commitment
Our Commitment 20
Slide 22: Our ESG Vision - Delivering shared value to the planet and people
Our ESG Vision - Delivering shared value to the planet and people RKFL’s 5 Pillars of Sustainability REWARDING EMPOWERED ROBUST ENVIRONMENTAL VALUABLE WORKPLACE COMMUNITIES GOVERNANCE CONSCIOUSNESS PARTNERSHIPS We are aligned with 9 United Nations Sustainability Development Goals 3 GOOD HEALTH AND W
Slide 23: Key Sustainability Highlights
Key Sustainability Highlights Where Growth Meets Green: Y-o-Y Progress Update from Q2 FY2026 26% 3% 18% Increase in Renewable Decrease in Energy Decrease in water Energy Consumption 1 Intensity 1 intensity1 98.5% 98.5% 50% 22% Permanent employees Permanent employees Decrease in hazardous Decrease in
Slide 24: Our Goals and Initiatives
Our Goals and Initiatives Committed to preserving and protecting the environment and supporting the local community YoY Progress YoY Progress Our Goals and Target Year Key Initiatives Baseline: Q2 FY2026 Baseline: H1 FY2026 3% decrease 1% decrease Power Quality & Energy Efficiency Enhancements: Achi
Slide 25: Conference Call Details Q2 FY27 Earnings Call
Conference Call Details Q2 FY27 EARNINGS CALL Time Pre-registration HOSTED BY: 6:00 PM IST on To enable participants to connect to Friday, 30th October 2026 the conference call without having to wait for an operator, please register at the below mentioned link: 24