Ramkrishna Forgings Ltd (NSE: RKFORGE) announced unaudited standalone financial results for Q3 and 9M FY25 ended December 31, 2024. Revenues rose 5.5% YoY in Q3 to \u20b9953 crore, with PAT up 21.0% YoY to \u20b9100 crore.<\/p>\n\n\n\n
Lead Summary<\/strong><\/h2>\n\n\n\n
Standalone Q3 FY25 revenue increased 5.5% YoY to \u20b9953 crore from \u20b9903 crore. EBITDA grew 3.8% YoY to \u20b9215 crore, with margins at 22.6%. 9M FY25 revenue rose 6.5% YoY to \u20b92,774 crore, PAT up 48.9% to \u20b9355 crore.<\/p>\n\n\n\n
Latest Quarterly Results and Highlights<\/strong><\/h2>\n\n\n\n
For the quarter ended December 31, 2024 (Q3FY25), the company reported standalone revenue of \u20b9953 crore, a 5.5% increase compared to \u20b9903 crore in Q3FY24. Standalone EBITDA rose 3.8% year-over-year to \u20b9215 crore, maintaining a margin of 22.6%. Profit After Tax (PAT) for the quarter grew 21.0% to \u20b9100 crore. Domestic revenue for the quarter reached \u20b9570.84 crore, up 2.9%, while export revenue grew 9.8% to \u20b9373.88 crore.<\/p>\n\n\n\n
9M FY25 Performance<\/strong><\/h2>\n\n\n\n
For the nine-month period ended December 31, 2024 (9MFY25), revenue totaled \u20b92,774 crore, representing a 6.5% year-over-year growth. PAT for 9MFY25 rose 48.9% to \u20b9355 crore, a figure that includes an exceptional gain of \u20b988 crore from the sale of Globe All India Services Limited. Domestic sales volume increased by 7.02% to 30,247 T, and export volume increased by 12.2% to 14,951 T in Q3FY25.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Company Profile and Business Model<\/strong><\/h2>\n\n\n\n
Incorporated in 1981 and headquartered in Kolkata, the company operates as an integrated forging, casting, and fabrication facility. It maintains 22 manufacturing plants and exports to 23 countries. As of December 31, 2024, the installed forging capacity was 272,400 MTPA and casting capacity was 33,600 MTPA. The business model involves supplying forged and machined components to eight industries, including automotive, railways, farm equipment, and energy.<\/p>\n\n\n\n
Operational Updates<\/strong><\/h2>\n\n\n\n
CRISIL Ratings reaffirmed ratings for bank facilities. Domestic revenue grew 2.9% YoY to \u20b9570.84 crore. Exports revenue up 9.8% YoY to \u20b9373.88 crore.<\/p>\n\n\n\n
Management Commentary and Future Outlook<\/strong><\/h2>\n\n\n\n
Management indicated that growth was driven by a higher share of business from existing customers and new components. This performance occurred despite a 4% de-growth in domestic commercial vehicle volumes. The company secured new orders worth \u20b9697 crore for the non-auto segment, specifically railways, to be executed over four years.<\/p>\n\n\n\n
The future outlook is based on entry into two-wheeler and passenger vehicle segments. Plans include capacity additions in cold forging and aluminum forging to address electric vehicle (EV) and hybrid market opportunities. The company is also streamlining subsidiaries to scale its casting offerings.<\/p>\n\n\n\n
Guidance and Outlook<\/strong><\/h2>\n\n\n\n
Outlook positive from new products, customers, verticals, and capacities. Entry planned into two-wheelers and passenger vehicles. Capacity additions in cold forging, aluminum forging for EV\/hybrid opportunities. Streamlining subsidiaries to scale castings offerings.<\/p>\n\n\n\n
Broader Industry Context<\/strong><\/h2>\n\n\n\n
Company positioned as supplier to OEMs like TATA Motors, Ashok Leyland, VE Commercial, Daimler in India, and Volvo, Mack Trucks, Iveco abroad. Supplies to Tier 1 axle makers like Dana, Meritor. Diversified growth strategy across segments.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ramkrishna Forgings Ltd (NSE: RKFORGE) announced unaudited standalone financial results for Q3 and 9M FY25 ended December 31, 2024. Revenues rose 5.5% YoY in Q3 to \u20b9953 crore, with PAT up 21.0% YoY to \u20b9100 crore. Lead Summary Standalone Q3 FY25 revenue increased 5.5% YoY to \u20b9953 crore from \u20b9903 crore. EBITDA grew 3.8% YoY […]<\/p>\n","protected":false},"author":2385,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,5753],"tags":[14812,14815,14817,14814,14818,14819],"class_list":["post-177846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-industrials","tag-ramkrishna-forgings","tag-ramkrishna-forgings-earnings","tag-ramkrishna-forgings-press-release","tag-ramkrishna-forgings-price","tag-rkforge","tag-rkforge-recent-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":169711,"url":"https:\/\/alphastreet.com\/india\/ramkrishna-forgings-ltd-q1-fy26-earnings-results-78-fall-in-profits\/","url_meta":{"origin":177846,"position":0},"title":"Ramkrishna Forgings Ltd Q1 FY26 Earnings Results – 78% fall in Profits","author":"Chirag Gupta","date":"August 4, 2025","format":false,"excerpt":"Ramkrishna Forgings Ltd is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons & coaches and engineering parts. It is the 2nd largest forging player in India. Presenting below are its Q1 FY26 earnings. \u00a0 Q1 FY26 Earnings Results Consolidated Revenue from Operations: \u20b91,015 crore, up\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Ramkrishna Forgings Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":177841,"url":"https:\/\/alphastreet.com\/india\/ramkrishna-forgings-ltd-stock-dips-amid-mixed-quarterly-results\/","url_meta":{"origin":177846,"position":1},"title":"Ramkrishna Forgings Ltd Stock Dips Amid Mixed Quarterly Results","author":"Staff Correspondent","date":"January 27, 2026","format":false,"excerpt":"Ramkrishna Forgings Limited (NSE: RKFORGE) shares traded at \u20b9496, down 2.51% intraday on January 27, 2026. Equity analysts note revenue growth but highlight profit declines and high valuations as key concerns. The company maintains operations across 22 manufacturing plants and exports to 23 countries to support its global metal forming\u2026","rel":"","context":"In "Analysis"","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":144491,"url":"https:\/\/alphastreet.com\/india\/ramkrishna-forgings-ltd-q4fy23-results-out-revenue-soars-by-24\/","url_meta":{"origin":177846,"position":2},"title":"Ramkrishna Forgings Ltd Q4FY23 results out, Revenue soars by 24%","author":"Chirag Gupta","date":"April 28, 2023","format":false,"excerpt":"Ramkrishna Forgings Ltd is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons & coaches and engineering parts.\u00a0 Ramkrishna Forgings Ltd reported Total revenue for Q4 FY23 of \u20b9892 Crore, up from \u20b9719 Crore year on year depicting a growth of 24%.Total Expenses for Q4 FY23\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":168996,"url":"https:\/\/alphastreet.com\/india\/ramkrishna-forgings-ltd-q4fy25-203-rise-in-profits\/","url_meta":{"origin":177846,"position":3},"title":"Ramkrishna Forgings Ltd Q4FY25; 203% rise in Profits","author":"Chirag Gupta","date":"July 2, 2025","format":false,"excerpt":"Ramkrishna Forgings Ltd is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons & coaches and engineering parts. 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