Forge Auto International H1 FY27 Profit Rises 21.7% to ₹7.3 Crore

Forge Auto International Limited reported consolidated net profit of ₹7.3 crore for H1 FY27, up 21.7% year-on-year, while revenue from operations increased 7.2% to ₹143.6 crore. The result shows profit growth outpacing sales growth, supported by an improvement in operating margin to 7.0% from 6.2% a year earlier.

What did Forge Auto International report for H1 FY27?

Forge Auto International reported total income of ₹143.8 crore for the six months ended September 30, 2026, compared with ₹134.4 crore in H1 FY26. Revenue from operations was ₹143.6 crore, against ₹133.9 crore a year earlier. Other income declined to ₹0.3 crore from ₹0.6 crore, but the increase in operating revenue lifted total income during the period.

Profit before exceptional items and tax rose to ₹10.0 crore from ₹8.3 crore in H1 FY26. Profit before tax was also ₹10.0 crore, indicating that no exceptional item was reported in the supplied consolidated result summary. Net profit increased to ₹7.3 crore from ₹6.0 crore. The reported year-on-year rise in net profit was 21.7%.

How did profitability change during the half year?

Profitability improved faster than revenue in H1 FY27. Operating margin rose by 0.8 percentage points to 7.0%, from 6.2% in the comparable prior-year half. The company also reported operating profit growth of 26.0% year-on-year, exceeding the 7.2% growth in revenue from operations.

The improvement is also visible in the movement from the immediately preceding H2 FY26 period. Revenue rose from ₹136.3 crore in H2 FY26 to ₹143.6 crore in H1 FY27, while net profit increased from ₹6.3 crore to ₹7.3 crore. The company reported quarter-on-quarter net profit growth of 15.9% and operating profit growth of 24.4%, though the available disclosure does not provide a separate consolidated quarter ended September 30, 2026.

Why is the absence of quarterly data relevant?

The available information does not include consolidated financial figures for the quarter ended September 30, 2026. As a result, a comparison with the quarter ended September 30, 2025 cannot be made from the disclosed data. Investors assessing Forge Auto International's performance therefore have half-yearly figures rather than a standalone September-quarter earnings update.

This reporting format is relevant because the supplied information notes that SME companies report every six months. The H1 FY27 numbers should consequently be read as performance for the full six-month period, rather than as a quarterly result. The reported alert was issued on November 13, 2026 and described the figures as consolidated results.

What does the balance sheet data show?

Forge Auto International's consolidated borrowings stood at ₹77.06 crore, slightly above equity of ₹76.98 crore, based on the supplied financial data. This makes the relationship between debt, cash generation and future profitability important for investors tracking the company. The information also states that operating cash flow was positive.

Positive operating cash flow is a relevant operational indicator because it shows that the business generated cash from its core activities in the reported period. However, the supplied data does not provide a cash-flow amount, interest expense for H1 FY27, or a detailed maturity profile of borrowings. Those details would be necessary to make a fuller assessment of leverage and financing costs.

How does H1 FY27 compare with Forge Auto International's recent history?

Forge Auto International closed FY26 with revenue from operations of ₹270.19 crore and profit after tax of ₹12.33 crore. The company reported total income of ₹271.89 crore and total expenses of ₹254.70 crore for that financial year. Its basic and diluted earnings per share for FY26 stood at ₹11.29.

For the half year ended March 31, 2026, Forge Auto International reported revenue of ₹136.33 crore and profit after tax of ₹6.32 crore. H1 FY27 revenue of ₹143.6 crore was therefore higher than that preceding half-year revenue, and the H1 FY27 profit of ₹7.3 crore was also higher. The H1 FY27 result extends the reported progression in operating margin from 6.2% in H1 FY26 to 6.5% in H2 FY26 and 7.0% in the latest half year.

Conclusion

Forge Auto International's H1 FY27 performance was marked by a 21.7% year-on-year increase in net profit to ₹7.3 crore, compared with 7.2% growth in revenue to ₹143.6 crore. The rise in operating margin to 7.0% and the reported 26.0% increase in operating profit indicate stronger profit conversion during the six-month period.

Investors will next watch whether the company sustains its higher margin and revenue trajectory in subsequent half-yearly disclosures. Borrowings of ₹77.06 crore remaining marginally above equity of ₹76.98 crore, along with the extent of operating cash generation, will remain relevant measures alongside future earnings updates.