Submission of Annual Audited financial results alongwith Audit Report for the fourth quarter and year ended March 31, 2026
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Amforge Industries reported a net loss of Rs 40.31 lakhs for FY2026, swinging from a profit of Rs 47.26 lakhs in FY2025. Total income declined to Rs 25,372 lakhs from Rs 27,299 lakhs, representing a revenue decline of approximately 7%. The company posted a quarterly loss of Rs 48.08 lakhs in Q4 FY26. Operating cash flow turned negative at Rs 159.73 lakhs for the year. Borrowings increased significantly to Rs 166.78 lakhs (from Rs 71 lakhs), while cash reserves dropped to Rs 30.57 lakhs from Rs 59.85 lakhs. Statutory auditors Banka & Banka issued an unmodified (clean) opinion on the financial results.
The company swung to a loss with negative operating cashflow and declining revenue, which is concerning for shareholders. However, the clean audit opinion indicates no going concern or material misstatement issues. The increased debt and depleted cash reserves warrant close monitoring.