Outcome of the Meeting of the Board of Directors held on May 15, 2026
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LGB Forge Limited reported audited financial results for FY ended March 31, 2026. Revenue from operations grew 9.7% to Rs. 10,318.66 Lakhs from Rs. 9,403.76 Lakhs in the previous year. However, the company continued to incur losses with Loss Before Tax of Rs. 221.73 Lakhs (worsening from Rs. 122.45 Lakhs loss in FY25) and Loss After Tax of Rs. 201.64 Lakhs (vs Rs. 188.09 Lakhs loss previously). EBITDA margin expanded from approximately 2.8% to 4.3%, showing operational improvement. An exceptional item of Rs. 69.34 Lakhs was recorded due to a one-time provision increase for employee benefits under the New Labour Codes. The Statutory Auditors issued an Unmodified Opinion (clean audit). Cash generated from operations was Rs. 494.56 Lakhs. Borrowings increased significantly with current borrowings rising from Rs. 703.33 Lakhs to Rs. 1,118.90 Lakhs.
Despite revenue growth and improving EBITDA margins, the company remains loss-making with negative PAT and eroded equity (Other Equity at negative Rs. 754.90 Lakhs). Shareholders should monitor if operational improvements can translate to profitability; the rising debt levels and continued losses are concerning.