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Ramkrishna Forgings expects to maintain the growth momentum seen in the April-June quarter through the rest of the financial year 2026-27 (FY27), supported by healthy demand in both domestic and export markets, Managing Director Naresh Jalan said.
The manufacturer and supplier of forged components, headquartered in Kolkata, also expects exports to grow faster than domestic sales over the next nine months, while working towards restoring earnings before interest, taxes, depreciation, and amortisation (EBITDA) margins of more than 20%.
Speaking after the company's April-June quarter earnings, Jalan said the demand outlook remains favourable despite global uncertainties and added that it remains very robust, both in domestic and in exports.
He also expects business activity to improve further after the monsoon season.
Ramkrishna Forgings reported more than 20% year-on-year growth in both revenue and EBITDA during the first quarter, while EBITDA margins improved to 18%. Although margins remained below the company's long-term goal, Jalan said the business is moving in the right direction.
The company expects exports to account for more than 35% of total revenue during the remainder of 2026-27 as overseas demand strengthens. Jalan also said Ramkrishna Forgings plans to expand its customer base during the year. After adding one new customer in the first quarter, the company expects to onboard more than 10 new customers across domestic and export markets over the full financial year.
The company's railway wheel joint venture with Titagarh Rail Systems is also moving closer to commercial operations. Jalan said trial production began last month, with the first batch of 300 wheels scheduled to be sent to Indian Railways for testing in August. Subject to regulatory approvals, commercial supplies are expected to begin from October.
Ramkrishna Forgings has committed to supply around 45,000 wheels to Indian Railways during the current financial year. Jalan said the joint venture is expected to contribute around ₹1,500 crore in revenue by FY28. At full capacity utilisation, the project is expected to deliver EBITDA margins of 19% to 20%, while margins are projected at 15% to 16% during the initial scale-up phase.
For the full interview, watch the accompanying videoCatch all the latest updates from the stock market here
The manufacturer and supplier of forged components, headquartered in Kolkata, also expects exports to grow faster than domestic sales over the next nine months, while working towards restoring earnings before interest, taxes, depreciation, and amortisation (EBITDA) margins of more than 20%.
Speaking after the company's April-June quarter earnings, Jalan said the demand outlook remains favourable despite global uncertainties and added that it remains very robust, both in domestic and in exports.
He also expects business activity to improve further after the monsoon season.
Ramkrishna Forgings reported more than 20% year-on-year growth in both revenue and EBITDA during the first quarter, while EBITDA margins improved to 18%. Although margins remained below the company's long-term goal, Jalan said the business is moving in the right direction.
Ramkrishna Forgings currently has a market capitalisation of ₹11,416.51 crore. The stock has gained more than 2% over the past year.
The company expects exports to account for more than 35% of total revenue during the remainder of 2026-27 as overseas demand strengthens. Jalan also said Ramkrishna Forgings plans to expand its customer base during the year. After adding one new customer in the first quarter, the company expects to onboard more than 10 new customers across domestic and export markets over the full financial year.
The company's railway wheel joint venture with Titagarh Rail Systems is also moving closer to commercial operations. Jalan said trial production began last month, with the first batch of 300 wheels scheduled to be sent to Indian Railways for testing in August. Subject to regulatory approvals, commercial supplies are expected to begin from October.
Ramkrishna Forgings has committed to supply around 45,000 wheels to Indian Railways during the current financial year. Jalan said the joint venture is expected to contribute around ₹1,500 crore in revenue by FY28. At full capacity utilisation, the project is expected to deliver EBITDA margins of 19% to 20%, while margins are projected at 15% to 16% during the initial scale-up phase.
For the full interview, watch the accompanying videoCatch all the latest updates from the stock market here
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