LGB Forge reported a 10.76% rise in total income to ₹104.95 crore and a 136.33% jump in EBITDA to ₹4.82 crore for FY26. However, net loss widened to ₹2.22 crore. Investors will watch capacity expansion and cost pressures.
LGB Forge Ltd FY26 Results
LGB Forge Ltd announced its financial results for the fiscal year 2025-26, reporting a total income of ₹104.95 crore, a 10.76% increase from ₹94.75 crore in the previous fiscal year. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) saw a significant surge of 136.33%, reaching ₹4.82 crore compared to ₹2.04 crore in FY 2024-25.
Despite the strong top-line growth and improved operational profitability, the company registered a net loss of ₹2.22 crore for FY26, an increase from the ₹1.22 crore loss in FY25. The company also recorded one-time charges of ₹0.69 crore due to implications of the New Labour Code.
Reader Takeaway: Strong revenue and EBITDA growth offset by widening net loss and macro-economic headwinds.
What just happened
LGB Forge reported a 10.76% increase in total income to ₹104.95 crore and a 136.33% jump in EBITDA to ₹4.82 crore for the fiscal year ended March 31, 2026. The company's net loss widened to ₹2.22 crore from ₹1.22 crore in the previous year.
Why this matters
The substantial EBITDA growth indicates improved operational efficiency and margin expansion. However, the widening net loss, despite revenue growth, highlights pressure on the bottom line, influenced by factors like one-time charges and external economic conditions.
The backstory
In the previous fiscal year, LGB Forge had reported a total income of ₹94.75 crore and an EBITDA of ₹2.04 crore, with a net loss of ₹1.22 crore. The company has been focused on strategic expansions and operational improvements.
What changes now
Investors will monitor the impact of the new hot forging plant in Kinathukadavu, Coimbatore, which became operational in January 2025, and the upcoming Chennai facility. The company also received shareholder approval for material related party transactions up to ₹75 crore.
Risks to watch
The company faces risks from the West Asia energy crisis, which could lead to rising input and processing costs. The widening net loss, even with revenue growth, points to persistent bottom-line challenges.
Peer comparison
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Context metrics (time-bound)
- Total Income: ₹104.95 crore (FY26) vs ₹94.75 crore (FY25) - up 10.76%.
- EBITDA: ₹4.82 crore (FY26) vs ₹2.04 crore (FY25) - up 136.33%.
- Net Loss: ₹2.22 crore (FY26) vs ₹1.22 crore (FY25).
- Inventory Turnover Ratio: 6.36 (FY26) vs 4.17 (FY25).
What to track next
Investors should track the performance of the new Coimbatore facility, the planned commissioning of the Chennai plant, and management's strategies to mitigate the impact of macro-economic pressures on profitability.