Now Reading: RK Forgings targets Rs 10,000 crore revenue by FY30
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RK Forgings targets Rs 10,000 crore revenue by FY30
Ramkrishna Forgings aims for Rs 10,000 crore in revenue by FY30, backed by 15-20% annual volume growth, said Whole Time Director and CFO Lalit Khetan in an interview with ETCFO. The company,…
The Story in Brief
Ramkrishna Forgings aims for Rs 10,000 crore in revenue by FY30, backed by 15-20% annual volume growth, said Whole Time Director and CFO Lalit Khetan in an interview with ETCFO. The company, which operates 22 plants, plans to first use existing capacity to reach Rs 7,500-8,000 crore before adding more. It expects export mix to return to 40% from 32% in FY26, driven by North America and Europe demand recovery. For FY26, consolidated revenue rose 5% to Rs 4,238 crore, but net profit fell 78% to Rs 86.51 crore due to higher finance costs and provisions.
Khetan flagged state-level policy inconsistency as a key challenge for India's manufacturing sector. He said governments change and commitments go unfulfilled, making it hard to plan investments. He urged extending PLI to sectors like forgings and core manufacturing to improve export competitiveness and import substitution. He also cited shipping cost volatility as a structural issue, saying India needs better ports and shipping capacity to stabilise freight costs.
The Indian Opinion
The narrative that India's manufacturing is simply 'taking off' misses the ground reality that RK Forgings' CFO highlights: policy flip-flops at state level and inadequate port infrastructure are real brakes. The PLI scheme's limited sector scope and shipping volatility are not minor irritants, they decide whether export economics work. The real test will be whether the government addresses these structural issues or just celebrates GST collections. Can India fix state-level policy consistency before the next global tariff shock?
Source: cfo.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
