Ganga Forging Q1 FY27 results: profit of Rs 105.82 lakh, UAE subsidiary approved
GANGAFORGE · price
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Ganga Forging reported Q1 FY27 (June 2026) standalone unaudited results. Total income came in at Rs 682.39 lakh versus Rs 2,650.43 lakh in Q1 FY26, a sharp year-on-year drop of about 74 percent. Despite the weak top line, the company swung to a net profit of Rs 105.82 lakh from a loss of Rs 29.01 lakh a year ago, aided by lower costs and Rs 35.65 lakh in exceptional items. The auditor issued an unqualified limited review report. The board also cleared incorporation of a wholly owned subsidiary in the UAE.
Mixed signals - steep revenue fall versus return to profit and overseas expansion. Sustained recovery remains the key watch point for shareholders.