Now Reading: Ramkrishna Forgings swings to Q2 profit, declares Rs 2 dividend
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Ramkrishna Forgings swings to Q2 profit, declares Rs 2 dividend
Ramkrishna Forgings swings to Q2 profit, declares Rs 2 dividend
The Story in Brief
Ramkrishna Forgings swung to a consolidated net profit of Rs 71 crore in the second quarter of FY27, against a net loss of Rs 9.5 crore in the year-ago period. Revenue from operations rose 54.9 per cent to Rs 1,405.4 crore. The company's board declared a first interim dividend of Rs 2 per equity share, with 6 November fixed as the record date.
EBITDA increased 35.1 per cent to Rs 223.4 crore and margin improved to 18.2 per cent from 13.5 per cent. The company also secured new contracts worth Rs 673 crore across segments. The board approved an additional Rs 56.76-crore investment in the Ramkrishna Titagarh Rail Wheels joint venture. Subir Chakraborty and Anurag Vohra were appointed non-executive independent directors, subject to shareholder approval. Shares closed 4 per cent lower at Rs 645.10.
Indian Opinion Analysis
Both outlets reported nearly identical wire-based coverage of Ramkrishna Forgings's Q2 FY27 results, presenting the same headline facts: a Rs 71-crore net profit swing from a year-ago loss, a revenue jump of about 55%, and a Rs 2 interim dividend with a 6 November record date. Ndtvprofit.com led with the profit swing and interim dividend in its headline, while CNBC-TV18 added more operational detail, EBITDA margins, new contract wins worth Rs 673 crore, and Managing Director Naresh Jalan's comments. The coverage is uniform straight reporting with no discernible slant, no outlet omitted or foregrounded figures differently beyond story length. The key next step is the 6 November record date for the Rs 2 interim dividend.
Coverage: 2 sources, 2 neutral
Sources (2): ndtvprofit.com (neutral report), cnbctv18.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
