Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Amic Forging Limited reported H1 FY 2025-26 results with revenue of Rs 6,658 lakhs, up 4.57% YoY, constrained by operating at near 100% capacity. EBITDA surged 53.61% YoY to Rs 1,823 lakhs, with margin expanding sharply from 18.64% to 27.38%, driven by better product mix and boiler steel approval enabling premium pricing. PBT (excluding other income) rose 45% YoY, but reported PAT fell 45.42% YoY to Rs 1,240 lakhs due to a sharp drop in non-recurring other income (from Rs 1,762 lakhs to Rs 54 lakhs). Revenue growth is expected to accelerate once ongoing capex (backward integration into ingot manufacturing and capacity expansion) becomes commercially operational by January 31, 2026, with actual capacity rising to 48,000 MT ingots, 40,000 MT forging, and 33,000 MT machining.
Strong operational performance with significant margin expansion signals quality of earnings; PAT decline reflects a non-operating base effect, not weakness. Capacity expansion, new approvals, and partnerships position the company for a growth phase, though execution risk remains given the capex delay caused by heavy rainfall.