Whalesbook
El Forge Reports Flat FY26 Performance
El Forge Limited's Board of Directors approved its audited standalone financial results for the fiscal year ending March 31, 2026. The company declared a net profit of ₹229.78 lakh (approximately ₹2.30 crore) on total revenue from operations of ₹7,612.96 lakh (approximately ₹76.13 crore).
The statutory auditors, D. Venkatesan, issued an unmodified opinion on these financial results, indicating they are presented fairly.
Year-on-Year Stagnation
Interestingly, the reported total income and net profit figures for FY26 are identical to those from the year ended March 31, 2025. In the previous fiscal year, El Forge also reported total income of ₹7,671.72 lakh and a net profit of ₹229.78 lakh. This indicates a lack of year-on-year growth in both revenue and profit for these specific metrics.
Disclosure and Next Steps
El Forge Limited will proceed with the public dissemination of these audited results. The company plans to publish the results in the newspapers MALAI MALAR and THE FINANCIAL EXPRESS, and upload them to its official website, www.elforge.com.
Unrecognized Deferred Tax Asset
A point noted in the filing is the company carrying forward business loss or unabsorbed depreciation. This has resulted in a deferred tax asset that has not been recognized in the company's accounts as a conservative measure. Investors will want to monitor how this situation develops in future financial reporting.