RKFORGE Ramkrishna Forgings Q2 FY26 results (Jul–Sep 2025) and concall
Ramkrishna Forgings reported a challenging Q2 FY26 with a consolidated loss of ₹9.5 crores, driven by subdued demand, tariffs, and one-time forex losses totaling ₹25.26 crores. Despite the headwinds, the company secured new orders worth ₹1,116 crores and sees strong domestic traction post-GST cuts. Management expressed confidence in a recovery in Q3 and Q4, with new capacities like cold forging, aluminum forging, and the JV wheel plant set to ramp up utilization and contribute to revenue and margin improvement, targeting 17-18% blended EBITDA margins going forward.
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What they filed
Q2 FY26: revenue down 13.9%, net profit down 107.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 1,054 | 1,074 | 947 | 1,015 | 908 −14% |
| EBITDA | 165 | 126 | 98 | 142 | 118 −28% |
| Net profit | 140 | 21 | 200 | 12 | -10 −107% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
