Standalone Un-Audited Financial Results of the company approved by the Audit committee for the Quarter Ended 30/06/2025
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El Forge Limited reported standalone unaudited results for Q1 FY26 with revenue from operations of Rs 2,060.67 lakhs, up about 21% from Rs 1,702.24 lakhs in Q1 FY25, driven entirely by the steel forgings segment. However, net profit fell to Rs 39.28 lakhs from Rs 45.92 lakhs a year earlier and from Rs 55.24 lakhs in the previous quarter (Q4 FY25), with EPS at Rs 0.19 versus Rs 0.23 in Q1 FY25. The company has no long-term borrowings and total equity stood at Rs 2,517.02 lakhs as of 30 June 2025. The auditor issued an unmodified limited review report but drew attention to Note 4, noting that the deferred tax asset has not been recognized in the books because of large carried-forward business losses and unabsorbed depreciation. No shareholder complaints were received during the quarter.
Topline grew over 20% year-on-year, which is a positive signal, but profit actually shrank compared to both the year-ago and previous quarter, indicating margin pressure and limited operating leverage. The deferred tax note also confirms the company is still loss-making on a cumulative basis, so the focus for shareholders should be on whether margin recovery follows the revenue uptick in coming quarters.