El Forge Ltd (531144)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, El Forge's revenue was ₹21.8 Cr (+5.9% year on year, -3.0% on the previous quarter), and net profit ₹1.2 Cr (+200.2% year on year); the operating margin was 7.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹21.8 | +5.9% | -3.0% |
| Operating profit | ₹1.7 | +96.9% | -4.3% |
| Net profit | ₹1.2 | +200.2% | -5.6% |
| EPS (₹) | 0.58 | +205.3% | -4.9% |
| Operating margin | 7.8% | — | — |
📢 Recent Corporate Announcements
El Forge Ltd reported a strong start to FY27 with Q1 net profit rising 200% YoY to ₹1.17 Cr, up from ₹0.39 Cr in Q1 FY26. Revenue from operations saw a modest growth of 5.6% YoY, reaching ₹21.92 Cr. The board also approved the reappointment of VRKSPJ & Co as internal auditors for a three-year term (FY27-FY29) and is seeking shareholder approval for independent director appointments. Despite the profit jump, the company continues to not recognize deferred tax assets as a conservative measure due to carried forward losses.
- Net profit increased by 200% YoY to ₹1.17 Cr in Q1 FY27 compared to ₹0.39 Cr in Q1 FY26
- Revenue from operations grew 5.6% YoY to ₹21.92 Cr from ₹20.75 Cr
- Earnings Per Share (EPS) improved significantly to ₹0.58 from ₹0.19 YoY
- VRKSPJ & Co reappointed as Internal Auditors for a 3-year term covering FY 2026-27 to 2028-29
- Forging segment profit nearly tripled YoY to ₹1.17 Cr from ₹0.39 Cr
El Forge reported a strong year-on-year performance for Q1 FY2026-27, with net profit surging to ₹1.17 Cr from ₹0.39 Cr in the same quarter last year. Revenue from operations grew 5.9% YoY to ₹21.83 Cr, although it saw a slight sequential dip from ₹22.51 Cr in March 2026. The company maintains a conservative accounting stance by not recognizing deferred tax assets despite carried forward losses. Operational margins improved significantly, with the forging segment contributing the entirety of the revenue.
- Net Profit increased by 200% YoY to ₹1.17 Cr from ₹0.39 Cr in June 2025.
- Revenue from operations grew to ₹21.83 Cr, representing approximately 27% of the TTM revenue of ₹80 Cr.
- Earnings Per Share (EPS) for the quarter rose to ₹0.58 from ₹0.19 in the year-ago period.
- Internal Auditors VRKSPJ & Co reappointed for a 3-year term covering FY 2026-27 to FY 2028-29.
- Total Equity stood at ₹26.38 Cr as of June 30, 2026, compared to ₹27.21 Cr in March 2026.
El Forge Ltd has announced a board meeting on August 12, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company is coming off a fiscal year (FY26) with a total revenue of ‡80.41 Cr and a net profit of ‡2.44 Cr. The trading window for insiders has been closed since July 1, 2026, and will remain so until 48 hours after the results are published. This is a routine regulatory filing for a micro-cap company with a market capitalization of ‡36 Cr.
- Board meeting scheduled for August 12, 2026, to approve Q1 FY27 results.
- Trading window closed from July 1, 2026, until 48 hours after the August 12 announcement.
- Company reported a TTM revenue of ‡80 Cr and TTM PAT of ‡2 Cr.
- Previous year's corresponding quarter (Jun 2025) revenue was ‡20.61 Cr with a PAT of ‡0.39 Cr.
El Forge Ltd has appointed Mr. M.S. Sivakaminathan as an Additional Director (Independent) effective August 5, 2026. Mr. Sivakaminathan is an IIM Ahmedabad graduate with over 40 years of experience in senior executive roles across various industries. The appointment is for a 5-year term, pending shareholder approval. This addition brings significant professional experience to the board of this small-cap auto component manufacturer, which has a market capitalization of Rs 36 crore.
- Appointment of Mr. M.S. Sivakaminathan as Independent Director effective August 5, 2026
- Appointee brings over 40 years of senior executive experience across multiple industries
- The fixed term of appointment is 5 years, subject to shareholder approval
- Company maintains a debt-free status with Rs 0 crore debt as of the latest financial context
- TTM revenue stands at Rs 80 crore with a thin operating margin of 5.3%
El Forge Ltd has appointed Mr. M.S. Sivakaminathan as an Additional Independent Director effective August 5, 2026. The appointee is an IIM Ahmedabad graduate with over 40 years of senior executive experience across various industries. This appointment is for a five-year term, pending shareholder approval. Given the company's small scale with a market cap of Rs 36 Cr, bringing in experienced board members is a standard governance step.
- Appointment of Mr. M.S. Sivakaminathan effective from August 5, 2026
- The term of appointment is fixed for 5 years subject to shareholder approval
- The appointee brings over 40 years (4 decades) of professional experience in senior executive positions
- The company reported a TTM revenue of Rs 80.41 Cr for FY26
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