Ramkrishna Forgings announced on Thursday that its profit after tax for the September quarter has surged more than twofold to ₹183 crore, driven by increased revenue.In the same quarter of the previous fiscal year, the company reported a profit after tax of ₹80 crore, according to an exchange filing.
Total income for the company increased to ₹952.43 crore, up from ₹867.97 crore during the corresponding period last year. Additionally, the company’s board has approved a first interim dividend of ₹1 per equity share for the fiscal year 2025.
During the quarter, Ramkrishna Forgings entered into a share purchase agreement to divest its entire 100% stake in the wholly-owned subsidiary, Globe All India Services, to Yatra Online for a net cash consideration of ₹128 crore, after accounting for debt.
The board also approved the establishment of an aluminium forging facility in Jamshedpur, with an investment of ₹57.5 crore. This facility, aimed primarily at the electric vehicle (EV) market, will have an installed capacity of 3,000 MT per annum and is expected to begin operations by Q2 FY26.
The company has also finalized the acquisition of 100% equity shares of Resortes Libertad S.A. de C.V., a Mexican firm, making it a wholly-owned subsidiary as of August 13, 2024. The company has since been rebranded as Ramkrishna Forgings Mexico S.A. de C.V.
Naresh Jalan, Managing Director of Ramkrishna Forgings, highlighted that the company secured a substantial order inflow of ₹1,522 crore, which will be executed over the next four years across various regions and sectors. He also noted that ongoing capacity expansion efforts and corporate restructuring initiatives are progressing well.
Based in Kolkata, Ramkrishna Forgings is a prominent manufacturer of forged metal products, supplying various industries, including railways, automotive, oil and gas, power, construction, and bearings, with forgings made from carbon and alloy steel, as well as micro-alloy steel.
