AMIC Forging Posts FY26 Margin Expansion And Phase One Commissioning
ECONOMY & POLICY

AMIC Forging Posts FY26 Margin Expansion And Phase One Commissioning

AMIC Forging Limited reported strong second half and full year results, with H2 revenue up 30 per cent and H2 EBITDA up 52 per cent while FY26 revenue rose 17 per cent and EBITDA increased 53 per cent. EBITDA margin expanded by around nine hundred basis points year-on-year in both periods, supported by improved realisation, a richer machined-product mix and disciplined execution. Phase One of the integrated capacity expansion is on track for commissioning on 15 June 2026.

The managing director characterised FY26 as a year of base-building ahead of a multi-year transformation in FY27 and said profit before tax excluding other income, the preferred operating metric, rose fifty seven per cent for the year and sixty six per cent in H2. Existing assets ran at near-full utilisation, constraining volume growth and prompting deliberate front-loaded hiring that increased employee cost. Organisational readiness has been prioritised to support rapid ramp up on commissioning.

Management stated Phase One involves an integrated capital expenditure programme of about Rs 1.5 bn and will be activated in mid June, with costs already absorbed ahead of revenue contribution. Phase Two is under planning and is expected to include a 5,000 t open die hydraulic forging press to target aerospace, nuclear and defence segments. The plant is intended to lift machining capability and enable a higher-value product mix to sustain margin improvement.

Key converted numbers include H2 revenue of Rs 752 mn, H2 EBITDA of Rs 245.4 mn and H2 profit before tax excluding other income of Rs 225.3 mn. FY26 revenue was Rs 1,417.8 mn and FY26 EBITDA was Rs 427.6 mn; profit before tax excluding other income was Rs 386.9 mn and reported PBT and PAT were Rs 397.3 mn and Rs 282.8 mn respectively. Operating cash flow rose to Rs 98.5 mn, loans and advances increased to Rs 480 mn and employee cost rose 197 per cent. Phase One will lift forging to 40,000 t from 18,000 t, machining to 33,000 t from 8,400 t and add 48,000 t of ingot, creating headroom for FY27.

AMIC Forging Limited reported strong second half and full year results, with H2 revenue up 30 per cent and H2 EBITDA up 52 per cent while FY26 revenue rose 17 per cent and EBITDA increased 53 per cent. EBITDA margin expanded by around nine hundred basis points year-on-year in both periods, supported by improved realisation, a richer machined-product mix and disciplined execution. Phase One of the integrated capacity expansion is on track for commissioning on 15 June 2026. The managing director characterised FY26 as a year of base-building ahead of a multi-year transformation in FY27 and said profit before tax excluding other income, the preferred operating metric, rose fifty seven per cent for the year and sixty six per cent in H2. Existing assets ran at near-full utilisation, constraining volume growth and prompting deliberate front-loaded hiring that increased employee cost. Organisational readiness has been prioritised to support rapid ramp up on commissioning. Management stated Phase One involves an integrated capital expenditure programme of about Rs 1.5 bn and will be activated in mid June, with costs already absorbed ahead of revenue contribution. Phase Two is under planning and is expected to include a 5,000 t open die hydraulic forging press to target aerospace, nuclear and defence segments. The plant is intended to lift machining capability and enable a higher-value product mix to sustain margin improvement. Key converted numbers include H2 revenue of Rs 752 mn, H2 EBITDA of Rs 245.4 mn and H2 profit before tax excluding other income of Rs 225.3 mn. FY26 revenue was Rs 1,417.8 mn and FY26 EBITDA was Rs 427.6 mn; profit before tax excluding other income was Rs 386.9 mn and reported PBT and PAT were Rs 397.3 mn and Rs 282.8 mn respectively. Operating cash flow rose to Rs 98.5 mn, loans and advances increased to Rs 480 mn and employee cost rose 197 per cent. Phase One will lift forging to 40,000 t from 18,000 t, machining to 33,000 t from 8,400 t and add 48,000 t of ingot, creating headroom for FY27.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code