Ramkrishna Forgings shares surged 10% on Monday, 2 November, after the company reported a strong turnaround in its September quarter performance, posting a consolidated net profit of ₹70.59 crore in Q2 FY27 against a loss of ₹9.5 crore in the corresponding quarter last year.
The Kolkata-headquartered forged metal products manufacturer reported a sharp increase in revenue from operations, which rose to ₹1,405.42 crore in the July-September quarter from ₹907.53 crore a year earlier.
Earnings before interest, tax, depreciation and amortisation (EBITDA) more than doubled to ₹256.23 crore in Q2 FY27, compared with ₹122.54 crore in the year-ago period.
For the first half of FY27, consolidated net profit climbed to ₹117.47 crore from ₹2.29 crore in the corresponding period of the previous financial year. Revenue during the six-month period increased to ₹2,622.09 crore from ₹1,922.79 crore.
Commenting on the performance, Managing Director Naresh Jalan said domestic demand remained healthy during the September quarter, supported by firm commercial vehicle production schedules. Customer activity across key export markets also remained resilient, he added.