The company reported a net profit of ₹70.59 crore for Q2 FY27, completely reversing a ₹9.5 crore loss posted in the corresponding period last year. Operational revenues climbed substantially to ₹1,405.42 crore, while operating earnings more than doubled to ₹256.23 crore. Additionally, the manufacturer is nearing commercial production at its Chennai forged wheels joint venture with Titagarh Rail Systems to supply Indian Railways. Technical analysts observe strong support between ₹655 and ₹660, with potential targets reaching ₹850 if critical resistance levels are breached.
Key points
Production diversification into non-ferrous forgings like titanium and aluminium targets…: Production diversification into non-ferrous forgings like titanium and aluminium targets growth within aerospace, robotics, and semiconductor markets.
A commercial joint venture alongside Titagarh Rail Systems establishes a strategic footho…: A commercial joint venture alongside Titagarh Rail Systems establishes a strategic foothold for supplying forged wheels to Indian Railways.
Analysts indicate that a decisive technical breakout above the ₹740 resistance zone could…: Analysts indicate that a decisive technical breakout above the ₹740 resistance zone could open a path toward ₹850.
Sources checked by our analysis pipeline: 1
Ramkrishna Forgings shares surged 10% on Monday, 2 November, after the company reported a strong turnaround in its September quarter performance, posting a consolidated net profit of ₹70.59 crore in Q2 FY27 against a loss of ₹9.5 crore in the corresponding quarter last year.
The Kolkata-headquartered forged metal products manufacturer reported a sharp increase in revenue from operations, which rose to ₹1,405.42 crore in the July-September quarter from ₹907.53 crore a year earlier.
Earnings before interest, tax, depreciation and amortisation (EBITDA) more than doubled to ₹256.23 crore in Q2 FY27, compared with ₹122.54 crore in the year-ago period.
For the first half of FY27, consolidated net profit climbed to ₹117.47 crore from ₹2.29 crore in the corresponding period of the previous financial year. Revenue during the six-month period increased to ₹2,622.09 crore from ₹1,922.79 crore.
Commenting on the performance, Managing Director Naresh Jalan said domestic demand remained healthy during the September quarter, supported by firm commercial vehicle production schedules. Customer activity across key export markets also remained resilient, he added.
Looking ahead, the company is expanding its presence in non-ferrous…
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