Ramkrishna Forgings Limited — PPTs, 01-08-2025: Investor Presentation

**1. Financial Highlights:**

Consolidated revenue rose 6% YoY to ₹1015.26 Cr in Q1 FY26. Consolidated EBITDA was ₹148.61 Cr, with a 14.6% margin, improving QoQ but down YoY. Domestic revenue surged 26% YoY, partially offsetting a 19% export decline. Capacity utilization stood at 69%.

**2. Strategic Initiatives & Growth Drivers:**

Strategic capacity expansion is underway, including new presses for EV components and a Horizontal Moulding Line, targeting increased forging and casting capabilities. Diversification into EV and non-automotive segments remains a core growth driver, with a focus on enhancing overall capacity utilization.

**3. Business Developments:**

Secured ₹683 Cr in Q1 FY26 new orders across export (₹502 Cr) and domestic (₹158 Cr) auto and non-auto segments, plus railways. The Rail Wheel JV is progressing for January 2026 operations, and the Mexico machining facility has commenced, attracting new orders.

**4. Market Position & Competitive Advantage:**

As India's 2nd largest forging company, it leverages a global footprint and a comprehensive 'one-stop solution' approach across diverse industries. Strategic diversification has reduced dependency on single segments and customers, bolstering resilience.

**5. Investor Implications:**

The robust order book and ongoing strategic capacity expansions into high-growth areas like EV signal positive growth potential. Investors should monitor the efficient utilization of new capacities and the recovery of export markets for sustained margin improvement.