Press Release
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AMIC Forging reported FY26 revenue of ₹141.78 Cr (up 17% YoY) and EBITDA of ₹42.76 Cr (up 53% YoY), with EBITDA margin expanding ~900 bps to 30% for the full year and 33% in H2FY26. PBT excluding Other Income grew 57% YoY to ₹38.69 Cr, reflecting structural margin improvement driven by better product mix and improved realisations. The company operated at near-full capacity utilisation, limiting volume growth in FY26. Phase 1 of its ₹150 Cr integrated capex programme is on track for commissioning on 15 June 2026, which will more than double forging capacity (18,000 to 40,000 MT/Yr), quadruple machining capacity (8,400 to 33,000 MT/Yr), and add 48,000 MT/Yr of in-house ingot production. Order booking has been secured ahead of commissioning. Phase 2 (~$165 Cr) will target aerospace, nuclear, advanced defence, and heavy oil & gas sectors using a planned 5,000-Ton Open Die Hydraulic Forging Press.
The 900 bps margin expansion and 57% growth in core operating profit signal a structural re-rating of the business. The Phase 1 commissioning in June 2026 opens substantial volume growth headroom for FY27, with orders already in hand.