EL Forge Limited Posts 21.1% Revenue Growth Amid Margin Pressure in Q1
EL Forge Limited, a steel forgings manufacturer, reported a 21.1% year-over-year revenue increase to ₹2,060.67 lakh in Q1. The forgings segment drove growth with a 21.6% increase. However, net profit declined by 14.5% to ₹39.28 lakh, with EPS dropping to ₹0.19. EBITDA margin contracted from 6.2% to 4.8%, while net profit margin decreased from 2.7% to 1.9%. Total assets grew by 4.2%, and the current ratio improved slightly to 1.69. Operational expenses saw significant increases across materials, employee benefits, and other expenses.