Ramkrishna Forgings Limited — Investor Meet, 07-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Ramkrishna Forgings reported Q4 consolidated revenue of Rs. 947 Cr, down 3% YoY, with EBITDA at Rs. 99 Cr and PAT at Rs. 200 Cr, boosted by a Rs. 223 Cr deferred tax benefit. Full-year revenue grew 9% to Rs. 4,034 Cr; EBITDA was Rs. 560 Cr, PAT Rs. 332 Cr. New orders of Rs. 710 Cr in Q4 span automotive and non-automotive segments, supporting diversification. Management reset revenue recognition, deferring Rs. 170 Cr to future quarters but maintained FY26 revenue growth guidance of 15%-20%. Inventory discrepancies totaling Rs. 270 Cr were adjusted, with promoters infusing Rs. 205 Cr via warrants to restore net worth. Margins are expected to improve toward 24%-25% EBITDA by FY28 amid capacity expansion and export growth. The tone is cautiously optimistic, emphasizing operational controls and sustainable growth.