Ganga Forging Q1 FY27 Results: Net Profit at ₹1.06 Crore, Approves UAE Subsidiary
Ganga Forging Limited reported a Net Profit of ₹1.06 Crore for the quarter ended June 30, 2026. This marks a significant improvement from a Net Loss of ₹(0.49) Crore in the same period last year. The company also approved the incorporation of a Wholly Owned Subsidiary in the UAE.
The approval of a new subsidiary in the UAE is a strategic move that could lead to future growth, while the turnaround in quarterly results is also a positive indicator for the company's performance.
The company reported a profit after a loss in the previous year's quarter and approved the incorporation of a new subsidiary, indicating positive business developments.
Ganga Forging Limited announced the outcome of its Board Meeting held on Saturday, 18th July, 2026. The Board considered and approved the Standalone Unaudited Financial Results for the quarter ended 30th June, 2026, along with the Limited Review Report.
The financial results, reviewed and recommended by the Audit Committee, showed a Net Profit of ₹1.06 Crore for the quarter ended June 30, 2026. This compares to a Net Loss of ₹(0.49) Crore in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹499.33 Lakhs, compared to ₹666.90 Lakhs in the prior year's quarter.
In addition to the financial results, the Board also approved the incorporation of a Wholly Owned Subsidiary of the company in the United Arab Emirates (UAE). The Board meeting commenced at 03:45 PM and concluded at 05:20 PM.
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