Amforge Industries turns profitable in Q1FY27 on other income surge

Amforge Industries reported a net profit of ₹36.97 lakh for the first quarter ended June 30, 2026, marking a significant turnaround from the net loss of ₹48.08 lakh recorded in the preceding quarter. The positive shift, driven by higher other income and controlled expenses, signals improved operational efficiency for the industrial manufacturing firm. Total income rose to ₹98.72 lakh compared to ₹61.81 lakh in the prior period, while total expenses fell sharply to ₹61.75 lakh from ₹110.37 lakh.

The Board of Directors approved the unaudited financial results on August 11, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, Banka & Banka, issued an unmodified limited review report on the financial statements. Additionally, the Board appointed M/s Hemanshu Kapadia and Associates as Secretarial Auditors and M/s J. Singh & Associates as Internal Auditors for the financial year 2026-27.

Financial Performance

The company’s total income for Q1FY27 stood at ₹98.72 lakh, primarily derived from other income, as revenue from operations remained nil. This represented an increase from ₹61.81 lakh in the corresponding quarter of FY26. Total expenses decreased to ₹61.75 lakh from ₹110.37 lakh in the previous quarter, contributing to the bottom-line improvement.

Particulars	Q1FY27 (₹ Lakh)	Q4FY26 (₹ Lakh)	Q1FY26 (₹ Lakh)
Revenue from Operations	-	-	-
Other Income	98.72	61.81	49.57
Total Income	98.72	61.81	49.57
Employee Benefit Expenses	9.63	19.52	8.18
Finance Cost	7.40	5.50	4.62
Depreciation & Amortisation	12.19	5.70	7.60
Other Expenses	32.53	79.65	31.14
Total Expenses	61.75	110.37	51.53
Profit Before Tax	36.97	(48.56)	(1.96)
Net Profit / (Loss)	36.97	(48.08)	(4.17)

Earnings per share (basic) stood at ₹0.26 for the quarter, compared to a loss per share of ₹0.33 in the preceding quarter. The company did not incur any current tax liability for the quarter based on its assessment of taxable income under the Income-tax Act, 2025.

Key Corporate Actions

In addition to approving the financial results, the Board took several key governance decisions. The re-appointment of Jayesh Vinodchandra Thakkar as Managing Director was approved for a term of three years, commencing from May 24, 2027, to May 23, 2030, subject to shareholder approval at the ensuing Annual General Meeting. Mr. Thakkar, a Chartered Accountant with over 25 years of experience, has been associated with the company for more than two decades.

The Board also appointed M/s Hemanshu Kapadia and Associates as Secretarial Auditors and M/s J. Singh & Associates as Internal Auditors for the financial year 2026-27. These appointments were made in accordance with the Listing Regulations and relevant SEBI Circulars, including Circular No HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

What the Numbers Show

The shift from a net loss to a net profit in Q1FY27 highlights a reduction in operational costs rather than growth in core business revenue, which remained at zero. While other income increased significantly to ₹98.72 lakh, the substantial drop in other expenses from ₹79.65 lakh to ₹32.53 lakh played a critical role in improving profitability. Investors should monitor whether this cost containment strategy can be sustained alongside potential revenue generation in future quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.77%	-9.95%	-26.98%	-24.79%	-45.82%	+40.37%

Amforge Industries Limited reported a net loss of ₹40.31 lakh for the financial year ended March 31, 2026, reversing from a net profit of ₹47.26 lakh in the prior year. The company recorded no revenue from operations for the year, while total income decreased to ₹253.72 lakh from ₹272.99 lakh in FY25. For the quarter ended March 31, 2026, the net loss widened to ₹48.08 lakh from a profit of ₹20.91 lakh in the corresponding period of the previous year.

The Board of Directors approved the audited financial results for the fourth quarter and financial year ended March 31, 2026, during a meeting held on May 28, 2026. The results were reviewed by the Audit Committee and subsequently approved by the Board. Statutory auditors M/s. Banka & Banka issued an audit report with an unmodified opinion on the financial results.

Total expenses for FY26 rose to ₹288.92 lakh from ₹209.68 lakh in the previous year. Employee benefit expenses increased to ₹48.15 lakh from ₹32.35 lakh, while other expenses surged to ₹193.62 lakh from ₹107.85 lakh. Finance costs decreased to ₹19.11 lakh from ₹24.06 lakh, and depreciation and amortisation costs reduced to ₹28.04 lakh from ₹45.42 lakh.

The basic and diluted earnings per share (EPS) for FY26 stood at a loss of ₹0.28 per share, compared to an EPS of ₹0.33 in the previous year. For the quarter ended March 31, 2026, the EPS was a loss of ₹0.33 per share. The company’s total assets stood at ₹1,845.65 lakh as of March 31, 2026, up from ₹1,705.10 lakh a year earlier.

Financial Results for FY26

Particulars	Year Ended March 31, 2026 (₹ in Lakhs)	Year Ended March 31, 2025 (₹ in Lakhs)
Total Income	253.72	272.99
Total Expenses	288.92	209.68
Profit/(Loss) before tax	(35.20)	63.30
Net Profit/(Loss)	(40.31)	47.26
Basic EPS (₹)	(0.28)	0.33

Quarterly Performance

Particulars	Quarter Ended March 31, 2026 (₹ in Lakhs)	Quarter Ended March 31, 2025 (₹ in Lakhs)
Total Income	61.81	68.05
Total Expenses	110.37	65.88
Net Profit/(Loss)	(48.08)	20.91

The company stated there are no reportable segments, and therefore, segment information is not provided in the context of Ind AS-108. The financial results will be available on the company's website and the Bombay Stock Exchange.