Amic Forging's FY26 revenue grew to ₹141.78 crore, but consolidated profit fell to ₹28.27 crore. The company also resubmitted its audited results following a BSE notice.
Amic Forging Reports Revenue Growth, Profit Decline, and Audit Resubmission for FY26
Amic Forging Ltd's consolidated revenue for the fiscal year ended March 31, 2026, reached ₹141.78 crore, an increase from ₹121.32 crore in the previous fiscal year. However, the company's consolidated profit for FY26 declined to ₹28.27 crore, down from ₹35.56 crore in FY25. Reader Takeaway: Revenue growth is positive, but profit decline and audit compliance issues require attention. ## What just happened Amic Forging Limited announced its financial results for the year ended March 31, 2026. The company reported a consolidated revenue of ₹141.78 crore, showing year-on-year growth. Despite this, consolidated profit saw a decline, falling to ₹28.27 crore from ₹35.56 crore in the prior fiscal year. Additionally, on July 3, 2026, Amic Forging resubmitted its consolidated audit report. This was in response to a BSE notice dated June 30, 2026, regarding initial submission discrepancies. The statutory auditor, K. N. Gutgutia & Co., provided an unmodified opinion on the revised financial statements. A significant increase in Capital Work-in-progress on the consolidated balance sheet is also noted. This figure rose to ₹62.48 crore as of March 31, 2026, from ₹6.27 crore a year earlier, indicating substantial ongoing capital expenditure. ## Why this matters The revenue growth suggests sustained business activity, but the profit decline raises concerns about cost management or market conditions impacting margins. The resubmission of audited results highlights potential governance or procedural lapses, which could affect investor confidence if not adequately addressed. The substantial increase in Capital Work-in-progress signals future expansion or operational enhancements, but its immediate impact is on cash flow and requires careful monitoring for future returns. ## The backstory Amic Forging is a company primarily involved in manufacturing forged products. The recent BSE notice and subsequent resubmission of audited results point to a need for closer adherence to regulatory filing requirements. ## What changes now The company has rectified the issue with its audited financial results submission. Investors will now look towards the company's ability to convert its increased capital work-in-progress into operational assets that contribute to future profitability. ## Risks to watch Key risks include the continued pressure on profitability despite revenue growth, the potential for further regulatory scrutiny if compliance issues reoccur, and the successful execution of capital expenditure projects to yield expected returns. ## Peer comparison While specific peer data is not provided in the filing, companies in the forging and auto ancillary sectors typically face competitive pressures and raw material price volatility. Performance metrics like profit margins and return on capital employed are key comparison points. ## Context metrics (time-bound) * **Revenue (Consolidated):** FY2026 - ₹141.78 crore | FY2025 - ₹121.32 crore * **Profit (Consolidated):** FY2026 - ₹28.27 crore | FY2025 - ₹35.56 crore * **Capital Work-in-progress (Consolidated):** FY2026 - ₹62.48 crore | FY2025 - ₹6.27 crore ## What to track next Investors should closely monitor the company's future quarterly results, management commentary on profitability drivers, updates on the operationalization of new capital assets, and adherence to regulatory compliance.
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