Forbes Precision Tools Q4 FY26 PAT up 21% to Rs 11.06 cr

Stronger Q4 finish lifts year-on-year profit

Forbes Precision Tools and Machine Parts Ltd reported a sharp improvement in profitability in the March 2026 quarter (Q4 FY26). Net profit for the quarter rose 21.27% year-on-year to Rs 11.06 crore. The company also delivered a steep sequential rebound, with net profit up 97.85% over the previous quarter. The quarterly numbers matter for investors because they show how quickly earnings can change even when revenues remain within a narrow range across quarters. The latest data also reflects how operating leverage and other income can shape bottom-line outcomes.

Q4 FY26 revenue rises to Rs 70.96 crore

For the March 2026 quarter, net sales were reported at Rs 70.96 crore. Other income stood at Rs 1.42 crore for the same period. Operating profit was Rs 18.23 crore, indicating a significantly stronger operating quarter compared with several recent periods. Profit before tax (PBT) was Rs 15.33 crore, and tax expense was Rs 4.27 crore. Profit after tax (PAT) came in at Rs 11.06 crore, and adjusted EPS was Rs 2.14.

How profits moved over the last five quarters

The reported sequence shows large quarter-to-quarter swings in profitability. PAT was Rs 9.12 crore in March 2025, then fell to Rs 3.81 crore in June 2025 and recovered to Rs 8.30 crore in September 2025. It softened again to Rs 5.59 crore in December 2025 before nearly doubling in March 2026 to Rs 11.06 crore. Over the same five-quarter window, net sales ranged from Rs 52.41 crore to Rs 70.96 crore, underscoring that margins and costs played a major role in earnings volatility.

Margin picture: operating strength, then compression, then rebound

Operating profit margin data shows the same uneven pattern as earnings. In the quarterly P&L series, the operating profit margin was 28.15% in March 2024, dropped to 18.72% in June 2024, improved to 25.17% in March 2025, and then fell to 16.05% in June 2025. In September 2025 it was shown at 23.04%, before easing to 18.22% in December 2025. The March 2026 quarter shows operating profit of Rs 18.23 crore on net sales of Rs 70.96 crore, pointing to a strong operating outcome for the quarter.

Q1 FY26 (June 2025): revenue up, profit down year-on-year

For the quarter ended June 30, 2025 (Q1 FY26), the company reported year-on-year revenue growth but weaker profits. Revenue increased 27.4% year-on-year to Rs 65.94 crore, while total income rose 26.8% to Rs 67.58 crore. Profit before tax declined 22% to Rs 5.08 crore, and profit after tax decreased 21.1% to Rs 3.81 crore. EBITDA rose 22.3% to Rs 6.46 crore, but margins tightened, with EBITDA margin at 9.8% versus 10.2% and PAT margin at 5.8% versus 9.3%. EPS for the quarter was reported at Rs 0.74 versus Rs 0.94 in the year-ago period.

Cost line items that shaped Q1 and Q4 outcomes

In the Q1 FY26 comparison data, total revenue was Rs 52.41 crore and operating income was Rs 4.66 crore, while net income was Rs 3.81 crore. The same dataset shows depreciation/amortisation at Rs 3.75 crore and selling, general and administrative expenses at Rs 11.31 crore for the June 2025 quarter. For Q4 FY26 (March 2026), interest cost was reported at Rs 0.40 crore and depreciation at Rs 3.92 crore. Exceptional items were shown as nil across the listed quarters in the March 2025 to March 2026 table.

Stock and valuation snapshot from the available data

Two different price points were cited in the provided data. One snapshot shows the share price at Rs 117.50, down Rs 2.50 (2.08%). Another market-close snapshot dated 07/08/2026 shows Rs 134.90 with a 4.61% move, alongside a 5-day change of 13.36% and a 1st January change of -2.25%. The company’s market cap was shown at Rs 707 crore, with ROE at 18.80%. Valuation metrics included a P/E (TTM) of 24.64, EPS (TTM) of 5.56, P/B of 4.63, dividend yield of 3.65%, and debt-to-equity of 0.13.

Business profile and segment disclosure

The company operates in a single segment: precision cutting tools and related components. The June 2025 quarter results were stated to be unaudited and were approved by the Board of Directors. The board also approved the results along with a Limited Review Report from statutory auditors, as per the provided text. The company’s registered address was listed in Mumbai, Maharashtra.

Why the Q4 rebound matters

The March 2026 quarter shows a meaningful improvement in earnings versus both the year-ago quarter and the immediately preceding quarter. With PAT nearly doubling sequentially, the data indicates that changes in operating profit and the overall cost structure had a direct impact on net profit. The quarter also coincided with a revenue uptick to Rs 70.96 crore, the highest net sales number shown in the March 2025 to March 2026 table. At the same time, earlier quarters like June 2025 demonstrate that revenue growth alone does not guarantee profit growth when margins compress.

What to watch next

Investors tracking Forbes Precision Tools will likely focus on whether operating profitability stays closer to the March 2026 level or reverts toward the more volatile pattern seen across FY25 and FY26 quarters. Key signposts will include the next quarterly trajectory of operating profit, interest and depreciation, and the balance between core operations and other income. Any further corporate filings around quarterly and full-year results will provide clarity on whether the Q4 performance represents a sustained shift or a one-quarter spike.