Rectified press release.
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Amic Forging has submitted a corrected version of its May 30 press release, fixing the existing machining capacity figure to 700 MT per month (instead of the previously stated 'per year'). The underlying press release covers FY25 results, where revenue from operations dipped 3.83% to Rs. 123.14 crore, but EBITDA jumped 183% to Rs. 48.71 crore and PAT rose 178% to Rs. 38.56 crore, helped by a sharp rise in other income. The company detailed major capacity expansion: forging capacity rising from 8,000 to 30,000 MT/year, machining from 8,400 to 24,000 MT/year, and a new greenfield ingot manufacturing line of 36,000 MT/year, all targeted to be operational from September 1, 2025. Management expects triple-digit growth over the next 2-3 years once these investments come on stream. The correction is purely a typographical fix and does not change the substance of the original release.
For shareholders, the correction is technical and immaterial to financials. The bigger story is the significant capex pipeline and expected multi-year growth, though short-term revenue softness and heavy reliance on other income for headline PAT growth are points to watch.