Simplex Castings Reports Strong FY26 Growth and Approves Stock Split

Simplex Castings Ltd. has reported a robust financial performance for the fiscal year ended March 31, 2026, with net profit surging by 40.51% to ₹21.26 crore. Revenue from operations increased by 18.05% to ₹202.90 crore. The company's board has also approved a 1:5 stock split, pending shareholder approval.

Reader Takeaway: Strong profit growth and a stock split aimed at boosting liquidity.

What just happened

Simplex Castings announced its financial results for the fiscal year 2026. Net profit rose to ₹21.26 crore from ₹15.13 crore in the previous year. Revenue grew to ₹202.90 crore from ₹171.88 crore. The company also approved a stock split, dividing each share of face value ₹10 into five shares of face value ₹2.

Why this matters

The significant profit growth indicates improved operational efficiency. The stock split aims to make shares more accessible to retail investors and increase trading liquidity, which could potentially boost market interest.

The backstory

In the fiscal year 2025, Simplex Castings had reported a net profit of ₹15.13 crore on revenues of ₹171.88 crore. The current year's performance marks a substantial improvement over the previous period.

What changes now

Shareholders will vote on the proposed 1:5 stock split via a postal ballot. If approved, the face value of shares will change from ₹10 to ₹2. Leadership changes include Mr. Avinash Hariharno's appointment as Whole-Time Director and Mr. Rajesh Kumar Acharya taking over as CFO.

Risks to watch

The stock split's finalization is contingent on shareholder approval through a postal ballot. The company also noted a transition to 'New Labour Codes,' with the impact on future operational costs yet to be fully assessed, though currently deemed not material.

Peer comparison

(No peer comparison data available in the filing.)

Context metrics (time-bound)

Revenue from operations for FY26 stood at ₹202.90 crore, up 18.05% from FY25's ₹171.88 crore. Net profit for FY26 was ₹21.26 crore, a 40.51% increase from FY25's ₹15.13 crore. An exceptional loss of ₹0.859 crore was recorded due to the sale of Property, Plant & Equipment.

What to track next

Investors should closely monitor the outcome of the postal ballot for the stock split approval and observe the company's financial performance in the upcoming quarters, especially in light of leadership changes and potential impacts from new labor codes.