Frontier Springs Limited reported a 76.88% increase in net profit for the financial year ended March 31, 2026, to ₹61.31 crore, compared to ₹34.66 crore in the previous year. Revenue from operations for the year grew 39.22% to ₹322.06 crore from ₹231.34 crore in FY25. The company delivered a strong performance with an EBITDA of ₹86.31 crore, up 73.80% year-on-year, while EBITDA margin expanded to 26.80%.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹16.59 crore, a rise of 42.22% from ₹11.66 crore in the corresponding quarter of the previous year. Revenue from operations for Q4FY26 stood at ₹82.54 crore, compared to ₹70.08 crore in Q4FY25. EBITDA for the quarter increased 40.54% to ₹23.54 crore.

Financial Performance

The company's total expenses for FY26 amounted to ₹236.88 crore, compared to ₹182.66 crore in the previous year. Profit before tax for the year was ₹82.25 crore, a significant increase from ₹46.41 crore in FY25. The following table summarises the full-year and quarterly financial performance:

Management Commentary

Kapil Bhatia, Managing Director, stated that the company surpassed its annual gross sales target of approximately ₹375 crores for FY26. He noted that while raw material costs increased, favourable vendor terms and high-value tenders helped offset margin pressure. Frontier Springs has entered FY27 with an order book of over ₹370 crores and maintained its guidance of ₹500 crores in gross revenues for the year. The company has earmarked a capex of ₹15–20 crores to enhance capacity. Additionally, orders for the 6-tonne hammer have commenced, and forging components for Vande Bharat trains have been approved.

Frontier Springs has appointed Sushil Kumar Luthra as an Additional Director designated as a Non-Executive Independent Director effective May 28, 2026. The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee. This strategic move strengthens the company's governance structure with the induction of a seasoned professional.

The Board has further approved the appointment of Shri Sushil Kumar Luthra as an Independent Director for a term of five years effective from May 28, 2026. This appointment is subject to the approval of the shareholders of the company, in accordance with regulatory requirements. The company has disclosed the details of the appointment as required under SEBI LODR read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Shri Sushil Kumar Luthra is a distinguished railway professional and business leader with over 32 years of experience in the Indian Railways (IRSME cadre). He last served as Chief Administrative Officer, Diesel Modernisation Works (DMW), Patiala, heading a major production unit of Indian Railways. His career includes key positions such as Divisional Railway Manager, Jabalpur, and Additional Divisional Railway Manager, Allahabad.

Director Profile

Luthra possesses significant experience in consulting and railway projects during his deputation with RITES Limited. He served as Advisor and Director on the Board of All Fresh Supply Management Pvt. Ltd. until December 2024 and is currently associated as the Editor of Rail Business magazine. He holds degrees in Mechanical, Electrical, and Metallurgical Engineering and is a Member of the Institution of Engineers (India).

The company confirmed that Shri Sushil Kumar Luthra is not related to any Director of Frontier Springs and satisfies the criteria of independence prescribed under the Companies Act, 2013, and SEBI LODR. Additionally, he is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority, as per the disclosures required pursuant to BSE Circular reference No. LIST/COMP/14/2018-19 dated June 20, 2018.