Ramkrishna Forgings' Profit In March Quarter Up By 206%
By Ankur Chandra | Published at: Jun 2, 2025 05:07 PM IST
Kolkata | June 2, 2025: Ramkrishna Forgings Limited (NSE: RKFORGE | BSE: 532527) has announced the release of its strong financial performance for the quarter and year ended March 31, 2025.
Consolidated Financial Performance
| Particulars | Q4 FY25 | Q4 FY24 | YoY Change | FY25 | FY24 | YoY Change |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹94,721 lakh | ₹97,396 lakh | down 3% | ₹4,03,411 lakh | ₹3,70,454 lakh | up 9% |
| EBITDA | ₹9,850 lakh | ₹12,632 lakh | down 22% | ₹55,956 lakh | ₹77,291 lakh | up 28% |
| EBITDA Margin | 10.4% | 12.9% | — | 13.9% | 20.9% | — |
| PAT | ₹19,983 lakh* | ₹6,528 lakh | up 206% | ₹33,155 lakh* | ₹25,005 lakh | up 33% |
| ROE | — | — | — | 11.7% | — | — |
Standalone Results Snapshot
| Particulars | Q4 FY25 | Q4 FY24 | YoY Change | FY25 | FY24 | YoY Change |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹80,962 lakh | ₹89,589 lakh | down 10% | ₹3,63,430 lakh | ₹3,49,933 lakh | up 4% |
| EBITDA | ₹8,936 lakh | ₹17,229 lakh | down 48% | ₹48,934 lakh | ₹74,279 lakh | up 34% |
| PAT | ₹20,785 lakh* | ₹5,777 lakh | down 260% | ₹40,182 lakh* | ₹31,366 lakh | up 28% |
| ROE | — | — | — | 14.3% | — | — |
Key Developments and Orders
- Order Wins in Q4: ₹710 crore across segments
- Automotive: ₹524 crore
- Non-Automotive: ₹163 crore
- Railways: Order secured for fully assembled bogie frames for Indian Railways.
- Passenger Vehicle Segment: Positioned for revenue inflow from FY27 as part of growth diversification.
Strategic Expansion and Capex
Rail Wheel Project (JV with Titagarh Rail Systems)
- Ramkrishna holds a 51% stake; the project is under construction in Chennai
- Capacity: 2.28 lakh wheels/year
- Investment: ₹2,000 crore (₹345 crore equity infused)
- Operations are expected to begin by January 2026
Mexico Facility
- Operational plant in Monterrey with machining underway
- Orders received from a North American customer
- Local presence strengthens supply chain localisation and customer engagement
Capacity Augmentation
| Equipment | Status | Application Segment |
|---|---|---|
| 8000T Forging Press | Final commissioning | CV & Off-highway |
| 3000T Forging Press | Under installation | Aluminium for EV |
| 1600T Forging Press | Installed | 2W, PV, LV |
| 900T Cold Forging Press | Commissioned | LV |
| Horizontal Moulding Line | Under commissioning | Castings |
- Projected Capacity:
- Forgings: 333,400 MT/year
- Castings: 62,400 MT/year
Financial Position and Cash Flows
- FY25 Capex: ₹976 crore in plant & equipment; ₹116 crore in the wheel project
- Opening Net Debt: ₹818 crore
- Closing Debt: ₹1,821 crore
- Free Cash Flow: ₹258 crore
- Working Capital change: ₹104 crore
ESG and Sustainability Highlights
- 11% reduction in emissions and groundwater intensity per unit
- 52% increase in recycled wastewater
- Renewable energy share rose to 3.4% in FY25 from 1.4% in FY24 (137% growth)
- Scope 3 GHG emissions inventorisation completed across key categories
- 99% workforce trained in ESG and human rights principles
- Community initiatives include roads, healthcare, pond rejuvenation, and sanitation
Shareholding and Market Valuation
- Market Capitalisation (Mar 2025): ₹14,008 crore (vs ₹499 crore in Mar 2020)
- Promoter Holding: 43.13%
- FIIs: 24.98%
- Notable Institutional Holders: Smallcap World Fund, Nomura, MIT, Aditya Birla Sun Life
REF: https://nsearchives.nseindia.com/corporate/RKFORGE_01062025202509_InvestorsPresentation.pdf
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