Shares of Ramkrishna Forgings Ltd declined over 2% after the company reported its Q4 FY26 results.
For the March quarter, the company posted a solid 28.5% year-on-year (YoY) rise in revenue, which came in at ₹1,216.8 crore compared to ₹947.2 crore in the same period last year. The growth reflects healthy demand across its core forging and automotive segments.
Operating performance also improved significantly. EBITDA nearly doubled to ₹208.2 crore from ₹98.5 crore in Q4 FY25, while EBITDA margin expanded to 17.1% from 10.4%. This sharp margin improvement indicates better cost efficiencies and improved product mix.
However, net profit saw a steep decline of 72% YoY, falling to ₹55.93 crore from ₹199.8 crore. The drop was largely due to a one-time tax write-back of ₹223.5 crore recorded in Q4 FY25, which had boosted last year’s profit. Excluding this exceptional item, the profitability trend appears more stable.
Another drag on the bottom line was lower other income, which declined to ₹1.9 crore compared to ₹11.5 crore in the previous year’s quarter.