EL Forge Q3FY26 Results: Revenue Growth of 6.2% YoY, Net Profit at Rs 50.77 Lakh
EL Forge Limited reported Q3FY26 revenue of Rs 2,017.45 lakh, up 6.2% from Rs 1,897.86 lakh in Q3FY25, but net profit declined to Rs 50.77 lakh from Rs 55.66 lakh. Nine-month revenue reached Rs 5,760.56 lakh versus Rs 5,663.15 lakh in the previous year, while nine-month net profit dropped 31.3% to Rs 119.96 lakh. The steel forging manufacturer operates through two segments and maintains a strong balance sheet with total assets of Rs 4,148.30 lakh as of December 31, 2025.
*this image is generated using AI for illustrative purposes only.
EL Forge Limited has announced its unaudited standalone financial results for the third quarter of FY26 ended December 31, 2025. The Chennai-based steel forging manufacturer reported mixed performance with revenue growth but declining profitability compared to the corresponding quarter of the previous year.
Financial Performance Overview
The company's quarterly performance showed revenue growth alongside margin pressures:
| Metric | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Revenue from Operations | Rs 2,017.45 lakh | Rs 1,897.86 lakh | +6.2% |
| Total Income | Rs 2,023.03 lakh | Rs 1,906.42 lakh | +6.1% |
| Net Profit | Rs 50.77 lakh | Rs 55.66 lakh | -8.8% |
| Earnings Per Share | Rs 0.25 | Rs 0.27 | -7.4% |
Nine-Month Performance Analysis
For the nine-month period ended December 31, 2025, EL Forge demonstrated consistent operational performance:
| Parameter | 9M FY26 | 9M FY25 | Variance |
|---|---|---|---|
| Revenue from Operations | Rs 5,760.56 lakh | Rs 5,663.15 lakh | +1.7% |
| Net Profit | Rs 119.96 lakh | Rs 174.54 lakh | -31.3% |
| Earnings Per Share | Rs 0.59 | Rs 0.86 | -31.4% |
Cost Structure and Expenses
The company's expense analysis reveals key operational metrics for Q3FY26:
- Cost of materials and services consumed: Rs 1,171.07 lakh
- Employee benefits expense: Rs 351.96 lakh
- Finance costs: Rs 11.63 lakh
- Depreciation and amortization: Rs 28.10 lakh
- Other expenses: Rs 460.47 lakh
Total expenses for the quarter amounted to Rs 1,972.26 lakh compared to Rs 1,850.76 lakh in Q3FY25.
Business Segments
EL Forge operates through two distinct business segments as per Indian Accounting Standards (Ind AS) 108:
- Steel Forgings Manufacturing and Sales: Primary revenue generator
- Land and Development: Classified under "Other Operating Income-Land"
The forgings segment contributed Rs 2,023.29 lakh in revenue for Q3FY26, with segment profit of Rs 50.77 lakh.
Financial Position
As of December 31, 2025, the company's financial position showed:
| Balance Sheet Item | December 31, 2025 | March 31, 2025 |
|---|---|---|
| Total Assets | Rs 4,148.30 lakh | Rs 3,922.08 lakh |
| Total Equity | Rs 2,597.58 lakh | Rs 2,477.75 lakh |
| Paid-up Equity Share Capital | Rs 2,032.43 lakh | Rs 2,032.43 lakh |
Corporate Governance
The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 9, 2026. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, and comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company's statutory auditor, D. Venkatesan, conducted a limited review of the financial results and confirmed that nothing came to attention suggesting the statements were not prepared in accordance with applicable accounting standards.
Historical Stock Returns for EL Forge
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.91% | +3.13% | -1.78% | -23.20% | -36.46% | +152.73% |
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