Ganga Forging Limited returned to profitability in the first quarter of FY26, reporting a standalone net profit of ₹105.82 lakh for the period ended June 30, 2026. This marks a significant turnaround from the net loss of ₹29.01 lakh posted in the corresponding quarter of the previous year. The company’s financial performance was bolstered by exceptional items and a reduction in total expenses, despite a decline in revenue from operations.

Revenue from operations for Q1FY26 stood at ₹718.50 lakh, a decrease from ₹774.55 lakh in Q1FY25. Total income for the quarter was ₹732.41 lakh, compared to ₹775.92 lakh in the same period last year. The company managed to control costs, with total expenses falling to ₹701.29 lakh from ₹831.28 lakh in the year-ago quarter. Profit before exceptional items and tax was ₹31.12 lakh, an improvement from the loss of ₹55.36 lakh in Q1FY25.

Exceptional items for the quarter included a charge of ₹65.00 lakh. Consequently, profit before tax for the quarter was ₹96.12 lakh, compared to a loss before tax of ₹19.71 lakh in the corresponding previous period. The tax expense showed a deferred tax credit of ₹9.70 lakh. Earnings per share (EPS) for the quarter were reported at ₹0.08 on a basic and diluted basis, compared to a loss per share of ₹0.02 in the same quarter last year.

The Board of Directors, in its meeting held on July 18, 2026, approved the standalone unaudited financial results for the quarter ended June 30, 2026. The results were reviewed by the Audit Committee and subsequently approved by the Board. M. N. Manvar & Co., Chartered Accountants, conducted the limited review of the financial results and issued an unqualified report.

In addition to the financial results, the Board approved the incorporation of a wholly owned subsidiary in the United Arab Emirates (UAE). The company stated that it operates in a single business segment manufacturing closed die forged products and does not require consolidation of financial statements as it currently has no subsidiaries, associates, or joint ventures. Revenue from Star Techno Mech Pvt. Ltd. exceeded 10% of the company's total revenue during the period under review.

Financial Summary for Q1FY26

Ganga Forging Limited's Board approved the standalone unaudited financial results for the quarter ended June 30, 2026. The meeting, held on July 18, 2026, also sanctioned the incorporation of a wholly owned subsidiary in the United Arab Emirates (UAE). The financial results were reviewed by the Audit Committee prior to approval.

Financial Results

The Board considered and approved the unaudited standalone financial results for the period. The documents have been hosted on the Stock Exchange website and the company's investor relations portal.

Key Details

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Copies of the newspaper publication of the results were submitted to the National Stock Exchange of India Limited.