RKFORGE2023-07-012023-09-30 RKFORGE2023-07-012023-09-30 RKFORGE2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member RKFORGE2023-07-012023-09-30in-bse-fin:OneOperatingExpenses02Member RKFORGE2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member RKFORGE2023-07-012023-09-30in-bse-fin:FourOperatingExpenses02Member RKFORGE2023-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532527 RKFORGE NOTLISTED Ramkrishna Forgings Limited Equity 2023-04-01 2024-03-31 2023-10-19 2023-09-30 INR Lakhs Half yearly 11:30:00 14:15:00 2023-10-19 2023-10-19 true Cash Flow Indirect Not applicable Single segment Single Segment 2023-07-01 2023-09-30 Unaudited Standalone 8646226000.00 33486000.00 8679712000.00 4413221000.00 0.00 -106190000.00 402931000.00 365755000.00 592251000.00 1956832000.00 7624800000.00 1054912000.00 0.00 1054912000.00 270494000.00 -11047000.00 259447000.00 0.00 795465000.00 0.00 0.00 0.00 0.00 795465000.00 -3283000.00 792182000.00 0.00 0.00 328979000.00 2 4.98 4.88 4.98 4.88 9.96 9.76 3.The above unaudited standalone financial results (financial results) have been reviewed by the Audit Committee and thereafter approved by the Board of Directors of the Company at their respective meetings held on October 19 2023. The Statutory Auditors have carried out a limited review of the financial results. 4.The Board of Directors of the Company has recommended an interim dividend of Rs.1.00 per shares on Equity Shares of Rs.2/- each. 5.The Company manufactures Forging components and the management reviews the performance of the Company as a single operating segment in accordance with Ind AS-108 Operating Segments notified pursuant to the Companies (Indian Accounting Standards) Rules 2015. Accordingly no separate segment information has been furnished herewith. 6.The Company has not yet exercised the option permitted under Section 115BAA of the Incometax Act 1961 as introduced by the Taxation Laws (Amendment) Ordinance 2019. However the Company expects to be in lower tax regime (22% plus surcharge and cess as applicable) in current financial year and the estimated tax expense for the period ended September 30, 2023 has been calculated accordingly. Tax expense for earlier periods were measured under the erstwhile tax regime (30% plus surcharge and cess as applicable) and as a results of this, tax expenses for the year ended March 31, 2023 and quarter and half-year ended September 30, 2022 are not comparable. 7.The resolution plan, submitted for the corporate insolvency resolution of JMT Auto Limited by Company as the resolution applicant, which was approved by the committee of creditors of JMT Auto Limited by way of e-voting which concluded on January 16, 2023 under the terms of the Insolvency and Bankruptcy Code, 2016, has been approved by Hon’ble National Company Law Tribunal, New Delhi (NCLT) on August 21, 2023. The Company has 90 (ninety) days to complete the acquisition from the order date. 8.On September 30, 2023, the Board of Directors of the Company considered and approved conversion of warrants and issue and allotment of 46,00,000 equity shares of face value of Rs. 2/- each on exercise of 46,00,000 warrants upon receipt of balance amount aggregating to Rs. 7,072.50 lakhs (being 75% of the issue price of Rs. 205/- each) from the warrant holders pursuant to the exercise of their rights of conversion into equity shares. This has been considered for calculating diluted earnings per equity shares, as per Ind AS 33-Earnings Per Share. 9.A Joint Venture company named Ramkrishna Titagarh Rail Wheels Limited (RTRWL) was incorporated on June 09, 2023 having Ramkrishna Forgings Limited (RKFL) and Titagarh Rail Systems Limited (TRSL) as Joint Venturers. RTRWL will be engaged in manufacturing and supply of forged wheels under long term agreement under Aatma Nirbhar Bharat. 10.On July 21, 2023, the Board of Directors of the Company had approved acquisition of Multitech Auto Private Limited (MAPL) and Mal Metalliks Private Limited (MMPL, a wholly owned subsidiary of MAPL). On August 23, 2023, the Company has acquired 100% equity in MAPL including it's wholly owned subsidiary MMPL at a consideration of Rs. 20,500.00 lakhs. 11.The Code on Social Security, 2020 (Code) relating to employee benefits during employment and post-employment benefits received presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified and the final rules/interpretation have not yet been issued. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective. 12.The figures for the corresponding previous periods/year have been the regrouped/reclassified wherever necessary to confirm to current periods presentation. Single segment 2023-04-01 2023-09-30 Unaudited Standalone 17005679000.00 80867000.00 17086546000.00 8678778000.00 0.00 -90881000.00 841051000.00 707828000.00 1162921000.00 3721918000.00 15021615000.00 2064931000.00 0.00 2064931000.00 549063000.00 -49255000.00 499808000.00 0.00 1565123000.00 0.00 0.00 0.00 0.00 1565123000.00 -6567000.00 1558556000.00 0.00 0.00 328979000.00 2 9.79 9.63 0.00 0.00 9.79 9.63 Other Expenses 1416180000.00 Power and Fuel 540652000.00 Other Expenses 2673046000.00 Power and Fuel 1048872000.00 17208057000.00 1779095000.00 0.00 0.00 404825000.00 0.00 0.00 0.00 2339203000.00 0.00 17231000.00 185050000.00 2541484000.00 24958000.00 1083959000.00 23042378000.00 9533210000.00 0.00 7904533000.00 227953000.00 328989000.00 7221000.00 217405000.00 8686101000.00 1436000.00 905374000.00 19126121000.00 0.00 0.00 42168499000.00 328979000.00 15106125000.00 15435104000.00 15435104000.00 8366935000.00 0.00 0.00 8366935000.00 0.00 1120107000.00 0.00 684677000.00 10171719000.00 5897647000.00 8832676000.00 1311364000.00 16041687000.00 309638000.00 119102000.00 91249000.00 0.00 16561676000.00 0.00 0.00 26733395000.00 42168499000.00 707828000.00 -847999000.00 -571524000.00 0.00 0.00 0.00 -44101000.00 82537000.00 0.00 1175712000.00 0.00 0.00 0.00 1162921000.00 0.00 22721000.00 0.00 51179000.00 0.00 -151331000.00 0.00 13516000.00 0.00 0.00 0.00 0.00 -5365000.00 -58370000.00 0.00 1510692000.00 3575623000.00 0.00 0.00 0.00 640096000.00 0.00 2935527000.00 0.00 1847040000.00 0.00 100000000.00 0.00 5724000.00 0.00 0.00 11682000.00 2664805000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15028000.00 0.00 -313612000.00 0.00 -4904471000.00 0.00 0.00 707250000.00 0.00 0.00 0.00 0.00 0.00 2465633000.00 1219107000.00 0.00 37588000.00 79945000.00 694974000.00 0.00 646223000.00 1787492000.00 -181452000.00 0.00 -181452000.00 0.00 -181452000.00 -4388000.00 -8776000.00 -1105000.00 -2209000.00 0.00 0.00