Un-audited Financial Results for the third quarter and nine months ended December 31, 2025
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Amforge Industries reported its Q3 FY26 results, showing total income of Rs 85.30 lakhs for the quarter (up from Rs 73.68 lakhs in Q3 FY25) and Rs 187.77 lakhs for the nine-month period (down from Rs 204.93 lakhs in 9M FY25, an ~8.4% decline). Notably, revenue from operations is nil across all periods — the company's income comes entirely from other income (likely investment-related). Net profit for Q3 FY26 stood at Rs 17.90 lakhs versus Rs 20.80 lakhs in Q3 FY25, while 9M FY26 net profit dropped sharply to Rs 16.71 lakhs from Rs 26.35 lakhs in 9M FY25, a ~36.6% decline. EPS for 9M FY26 was Rs 0.12. The statutory auditor (Banka & Banka) issued an unmodified limited review opinion with no qualifications or emphasis of matter.
The continued absence of operating revenue and the sharp ~37% drop in nine-month profit year-on-year suggest weakening earnings, though the profit remains positive and the auditor's opinion is clean. Shareholders should note the company's reliance on non-operating income.