What was Ramkrishna Forgings's revenue in Q4 FY26?

Ramkrishna Forgings reported revenue of ₹1,217 Cr in Q4 FY26, a +28% change year-over-year.

Did Ramkrishna Forgings management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

RAMKRISHNAFORGINGS Diversified 15 May 2026

Ramkrishna Forgings Ltd — Q4 FY26

Q: What guidance did Ramkrishna Forgings management give?

Rail wheel JV to supply 40,000 wheels in FY27: Commercial production of rail wheel plant to start in Q1 FY27, with contractual obligation to supply 40,000 wheels to Indian Railways in FY27.

Ramkrishna Forgings delivered a strong Q4 FY26 with consolidated revenue of ₹1,216.78 crore (+28% YoY) and EBITDA of ₹208.19 crore (+111% YoY), driven by robust domestic auto demand and railway segment growth (7.5% of revenue vs 4.6% a year ago).

Revenue ₹1,217 Cr +28%

EBITDA ₹208 Cr +111%

PAT ₹56 Cr

EBITDA Margin 17.1% +220bps

Duration 51 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Ramkrishna Forgings delivered a strong Q4 FY26 with consolidated revenue of ₹1,216.78 crore (+28% YoY) and EBITDA of ₹208.19 crore (+111% YoY), driven by robust domestic auto demand and railway segment growth (7.5% of revenue vs 4.6% a year ago). EBITDA margin expanded 220 bps QoQ to 17.1%. The company secured new orders worth ₹594 crore, with 56% from automotive and 44% from non-automotive (energy storage). The rail wheel JV is on track for commercial production in Q1 FY27, targeting 40,000 wheels in FY27. Management guided for 80%+ capacity utilization by year-end, debt reduction of ₹400-500 crore, and margin improvement of 100-150 bps if energy cost pass-through is achieved. Key risk: inability to pass on rising energy costs could pressure margins.

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Energy cost pass-through uncertainty

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Quarter Snapshot

New orders won in Q4 ₹594 Cr

+42% YoY

Order book for FY27 execution stands at ₹1,550 crore, with 56% from automotive and 44% from non-automotive.

Railway revenue share 7.5%

+290 bps YoY

Railway segment share increased from 4.6% in FY25 to 7.5% in FY26, driven by strong order wins.

Casting capacity utilization target 85-90%

+45-50pp YoY

Management expects near-full utilization of 78,000-ton casting capacity in FY27, adding ₹400-500 crore revenue.

Trailer axle market share 4-5%

+4-5pp YoY

Trailer axle business generated ~₹120 crore in FY26; target is to double revenue to ₹250 crore and reach 10% market share in FY27.

Fast read

Guidance and risk preview

Top guidance Rail wheel JV to supply 40,000 wheels in FY27

Commercial production of rail wheel plant to start in Q1 FY27, with contractual obligation to supply 40,000 wheels to Indian Railways in FY27.

Top risk Energy cost pass-through uncertainty

Rising gas and energy costs due to geopolitical tensions may not be fully passed on to customers, pressuring margins.

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