Unaudited financial results for the quarter and half year ended 30th September, 2025
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Samrat Forgings reported weak numbers for Q2 and H1 FY26. Revenue from operations grew modestly to Rs. 5,179.87 lakhs in Q2 (up 2.6% YoY) and Rs. 10,236.98 lakhs in H1 (up 7% YoY). However, profitability fell sharply — Q2 PAT dropped to Rs. 81 lakhs from Rs. 147.26 lakhs (down ~45% YoY) and H1 PAT fell to Rs. 185.54 lakhs from Rs. 320.94 lakhs (down ~42% YoY). Total expenses rose faster than revenue, compressing margins significantly. EPS fell to Rs. 1.62 (Q2) and Rs. 3.71 (H1) versus Rs. 3.71 and Rs. 6.42 a year ago. The auditor (Rattan Kaur & Associates) issued an unqualified limited review report.
Profitability is under clear pressure even as top-line inches up, which is negative for the stock. The balance sheet also remains heavily levered (total debt roughly Rs. 8,667 lakhs against equity of Rs. 3,869 lakhs, implying D/E above 2x), keeping financial risk elevated for shareholders.