Integrated Filing — IndAS



General information about company
Scrip Code 532527
NSE Symbol RKFORGE
MSEI Symbol NOTLISTED
ISIN INE399G01023
Name of company RAMKRISHNA FORGINGS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 31-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 27-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment FORGINGS
Start date and time of board meeting 30-May-2025   21:00:00
End date and time of board meeting 01-Jun-2025   04:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 9472137000 40341068000
Other income 114556000 263860000
Total income 9586693000 40604928000
2 Expenses
(a) Cost of materials consumed 5059909000 20854065000
(b) Purchases of stock-in-trade 25209000 45621000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -275350000 -904193000
(d) Employee benefit expense 570171000 2498059000
(e) Finance costs 486439000 1658639000
(f) Depreciation, depletion and amortisation expense 846953000 2712823000
(f) Other Expenses
1 Power and Fuel 617502000 2459577000
2 Other Expenses 2489661000 9792388000
Total other expenses 3107163000 12251965000
Total expenses 9820494000 39116979000
3 Total profit before exceptional items and tax -233801000 1487949000
4 Exceptional items -2689000 -11078000
5 Total profit before tax -236490000 1476871000
6 Tax expense
7 Current tax -385898000 91638000
8 Deferred tax -1848925000 -1930272000
9 Total tax expenses -2234823000 -1838634000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 1998333000 3315505000
12 Profit (loss) from discontinued operations before tax 0 991778000
13 Tax expense of discontinued operations 0 157031000
14 Net profit (loss) from discontinued operation after tax 0 834747000
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 1998333000 4150252000
17 Other comprehensive income net of taxes 34863000 -6611000
18 Total Comprehensive Income for the period 2033196000 4143641000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 1998333000 4150252000
Total profit or loss, attributable to non-controlling interests 0 0
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 2033196000 4143641000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 0
21 Details of equity share capital
Paid-up equity share capital 362061000 362061000
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 30011656000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 11.04 18.33
Diluted earnings (loss) per share from continuing operations 11.04 18.33
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 4.62
Diluted earnings (loss) per share from discontinued operations 0 4.62
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 11.04 22.95
Diluted earnings (loss) per share from continuing and discontinued operations 11.04 22.95
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) As mentioned in PDF of Audited Consolidated Financial Results for Quarter and Financial Year ended 31 March, 2025



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 26595856000
Capital work-in-progress 4975342000
Investment property 0
Goodwill 706685000
Other intangible assets 2621477000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 1792759000
Non-current financial assets
Non-current investments 16900000
Trade receivables, non-current 0
Loans, non-current 16434000
Other non-current financial assets 375353000
Total non-current financial assets 408687000
Deferred tax assets (net) 447912000
Other non-current assets 2948659000
Total non-current assets 40497377000
2 Current assets
Inventories 12542865000
Current financial asset
Current investments 88714000
Trade receivables, current 9753546000
Cash and cash equivalents 160297000
Bank balance other than cash and cash equivalents 41476000
Loans, current 13608000
Other current financial assets 304749000
Total current financial assets 10362390000
Current tax assets (net) 8181000
Other current assets 2162062000
Total current assets 25075498000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 65572875000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 362061000
Other equity 30011656000
Total equity attributable to owners of parent 30373717000
Non controlling interest
Total equity 30373717000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 10826943000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 0
Total non-current financial liabilities 10826943000
Provisions, non-current 35668000
Deferred tax liabilities (net) 325256000
Deferred government grants, Non-current 0
Other non-current liabilities 1261505000
Total non-current liabilities 12449372000
Current liabilities
Current financial liabilities
Borrowings, current 9300742000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 298877000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 10503366000
Total Trade payable 10802243000
Other current financial liabilities 1528891000
Total current financial liabilities 21631876000
Other current liabilities 910439000
Provisions, current 188278000
Current tax liabilities (Net) 19193000
Deferred government grants, Current 0
Total current liabilities 22749786000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 35199158000
Total equity and liabilites 65572875000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement Income/(Loss) on defined benefit plans 28678000 -20110000
Total Amount of items that will not be reclassified to profit and loss 28678000 -20110000
2 Income tax relating to items that will not be reclassified to profit or loss 7461000 -5078000
3 Amount of items that will be reclassified to profit and loss
1 Exchange difference on transaction of foreign exchange 13624000 8408000
Total Amount of items that will be reclassified to profit and loss 13624000 8408000
4 Income tax relating to items that will be reclassified to profit or loss -22000 -13000
5 Total Other comprehensive income 34863000 -6611000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1476871000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 1658639000
Adjustments for decrease (increase) in inventories -2031380000
Adjustments for decrease (increase) in trade receivables, current -1901344000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -670052000
Adjustments for decrease (increase) in other non-current assets -7100000
Adjustments for other financial assets, non-current -353897000
Adjustments for other financial assets, current -234581000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 1029227000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 188230000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 2712823000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -12000000
Adjustments for provisions, non-current -43821000
Adjustments for other financial liabilities, current 50336000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains -225592000
Adjustments for dividend income 0
Adjustments for interest income 49514000
Adjustments for share-based payments 136409000
Adjustments for fair value losses (gains) -8595000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -1027708000
Other adjustments to reconcile profit (loss) -7982000
Other adjustments for non-cash items -2223000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 1013934000
Total adjustments for reconcile profit (loss) 213809000
Net cash flows from (used in) operations 1690680000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 1365196000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 325484000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 1218712000
Cash flows used in obtaining control of subsidiaries or other businesses 19950000
Other cash receipts from sales of equity or debt instruments of other entities 30000000
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 1173272000
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships -34000
Proceeds from sales of property, plant and equipment 126900000
Purchase of property, plant and equipment 9768678000
Proceeds from sales of investment property 1975277000
Purchase of investment property 1500000000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received -23356000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -29542000
Net cash flows from (used in) investing activities -9163875000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 116489000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 12787968000
Repayments of borrowings 3354972000
Payments of lease liabilities 281220000
Dividends paid 361605000
Interest paid 1641466000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 2212000
Net cash flows from (used in) financing activities 7267406000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -1570985000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -1570985000
Cash and cash equivalents cash flow statement at beginning of period 0
Cash and cash equivalents cash flow statement at end of period -1570985000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 S.R. Batliboi & Co. LLP Yes 31-Jul-2027
2 S. K. Naredi & Co. Yes 31-May-2028


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 40604928000 40604928000
2 Total Expenditure 39116979000 39116979000
3 Net Profit/(Loss) 4150252000 4150252000
4 Earnings Per Share 22.95 22.95
5 Total Assets 65247619000 65247619000
6 Total Liabilities 34874306000 34874306000
7 Net Worth 30373313000 30373313000


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Whether appeared first time Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) As more fully disclosed in Note 19 to the accompanying consolidated financial results during our observation of the physical verification based on testing of sample of work in progress inventory with the book records of Holding Company we noted that book stock was higher as compared to the physical stock and we requested management to initiate an independent investigation. The external agencies Interim Joint Fact-Finding Report highlights shortages in WIP raw material scrap inventory quantities as at March 31 2025 and as at March 31 2024 which have been valued by the management at Rs 22052.43 lakhs and Rs 5022.26 lakhs respectively. Such shortages have been recorded in the accompanying financial results for the quarter and year ended March 31, 2025. Consequently, the prior period comparatives for the quarter ended December 31, 2024, quarter ended March 31, 2024 and the year ended March 31, 2024 have been restated. Pending completion of the independent investigation, we are unable to comment on further consequential impact if any on the consolidated financial results.
Textual Information(2) Not Applicable
Textual Information(3) The management does not expect any further significant accounting impact on the books of accounts arising out of the balance part of fact-finding exercise being carried out by the Independent External Agencies.
Textual Information(4) Not Applicable
Textual Information(5) As stated in Basis for Qualified Opinion paragraph of our Audit Report dated 31 May, 2025, pending completion of the investigation by the Independent External Agencies, we are unable to comment on its consequential impact.


Signatories detail
Name of CEO / Managing director CHAITANYA JALAN, WHOLE-TIME DIRECTOR
Name of CFO LALIT KUMAR KHETAN
Name of audit committee chairman PARTHA SARATHI BHATTACHARYYA
Name of statutory auditor S.R. Batliboi & Co.
Name of other signatory, if any, with designation S.K. Naredi & Co.
Place KOLKATA
Date 31-May-2025