Ramkrishna Forgings reported a consolidated net profit of Rs 70.59 crore for Q2 FY27, a recovery from a net loss of Rs 9.50 crore reported in the corresponding period of the previous financial year. On a sequential basis, net profit expanded by 50.6 percent compared to Rs 46.88 crore recorded in Q1 FY27.
Consolidated revenue from operations for Q2 FY27 grew 55 percent year-on-year to Rs 1,405.42 crore compared to Rs 907.53 crore in Q2 FY26. Total consolidated income reached Rs 1,409.62 crore, supported by other income of Rs 4.20 crore.
Total consolidated expenses for the period rose 43 percent year-on-year to Rs 1,313.48 crore from Rs 918.70 crore in Q2 FY26. Operational expenditure was driven by raw material consumption of Rs 690.72 crore, other expenses of Rs 337.09 crore, depreciation and amortisation charges of Rs 102.73 crore, employee benefit expenses of Rs 77.77 crore, power and fuel charges of Rs 72.26 crore, and finance costs of Rs 61.56 crore.
Auditors noted that one unnamed subsidiary contributed total revenue of Rs 239.37 crore and a net profit of Rs 7.09 crore for the quarter, while two other unnamed subsidiaries recorded a combined revenue of Rs 83.70 crore with a net loss of Rs 2.49 crore.
On a standalone basis, Ramkrishna Forgings posted a net profit of Rs 67.73 crore for Q2 FY27, surging from Rs 0.37 crore in Q2 FY26. Standalone operational revenue rose 57 percent to Rs 1,255.02 crore from Rs 800.79 crore in the prior-year period. Standalone expenses stood at Rs 1,171.06 crore compared to Rs 808.44 crore in Q2 FY26, with material costs accounting for Rs 642.14 crore.
For H1 FY27, consolidated revenue from operations reached Rs 2,622.09 crore, reflecting a 36 percent increase over Rs 1,922.79 crore in H1 FY26. Consolidated H1 FY27 net profit rose to Rs 117.47 crore against Rs 2.29 crore in the corresponding prior-year period.
Additionally, the Board approved an additional equity investment limit of Rs 56.76 crore in its rail wheel joint venture and inducted Subir Chakraborty and Anurag Vohra as Non-Executive Independent Directors for five-year terms.