Stockrabit · Analysts
Questions across 2 calls

Siddharth Bassi

Sass & B

Ramkrishna Forgings Limited

Ramkrishna Forgings Limited CC-Jun25.pdf · 2025-08-01
Good Evening Sir, thank you for the opportunity. A few questions actually. So, I'll ask a question, wait for an answer and then ask the next. That's the best way to go forward. So, sir, firstly, we have obviously reported a sharp drop in profitability. So, if we were to adjust for the one-time expenses that have happened, the losses on the currency, etc, and let's assume that that would have not happened, what would our profit have been in this quarter? Because you mentioned there was a margin shift due to domestic and export mix. So, what would our profit have been had the onetime machining costs and currency expenses not happened, assuming they will not happen in the future?
Okay. So, Rs.17 Crores should have been, say -- what would have been the ballpark number?
Ramkrishna Forgings Limited CC-Nov25.pdf ·
I will ask a few questions and I'd like it, if you could answer them one by one. So that will be great. Firstly, regarding the drop in revenue and the drop in EBITDA margin. In the last con call, the management had told us that from Q1 onwards, Q2, Q3, Q4 will be looking progressively better, Q2& H1FY’26 Earnings Conference Call Transcript Page 5 where there'll be an expansion in margins and a growth in revenue. So, what made the revenue drop and the margins reduce? Because in the last call, you had also mentioned that the impact of tariffs was only Rs. 6 crores on a U.S. customer. So that's nothing compared to our top line. So, management now saying that the tariffs have led to a reduction in revenue. Does seem a little off from the last call. So , could you just explain the disparity, please? And then I'll ask the other questions.
Okay. So, you're saying basically that post Q1, so Jan, Feb, March onwards, you're going to see traction in the U.S. market. Now obviously, since they're already halfway through the middle of Q3 as well, what sort of traction are you seeing in Q3? Is it Q3 better than Q2?