What explains the divergence between Amic's revenue growth and profit decline?

The filing shows revenue grew 16.8% but net profit fell 20.5%, implying higher operating costs or expenses outpaced sales growth, compressing margins.

How much did earnings per share drop?

EPS fell from ₹33.90 to ₹26.78 for the year, a direct result of the 20.5% net profit decline.

Is there any issue with the audit of these results?

No, the audit report carries an unmodified opinion, meaning the auditors found the financial statements present a true and fair view.

Earnings · Forgings · Small cap

Amic Forging's profit slips 21% on a 17% revenue gain

Revenue hit ₹141.78 crore for the year, but net profit dropped to ₹28.28 crore.

— 1 earlier story on Amic Forging Ltd. →

AMIC By Tipsheet Editorial 31 May 2026 · 12:49 AM IST Verify on BSE · NSE

Mkt cap₹1,911 cr

P/E53.76×

ROE28.58%

Debt / eq.0.00

20.5% Decline in Amic's net profit for FY26.

What's new

FY26 revenue grew 16.8% to ₹141.78 crore.
Net profit fell 20.5% to ₹28.28 crore, with EPS down from ₹33.90 to ₹26.78.
The annual results carry an unmodified audit opinion.

Why this matters

A revenue gain that fails to translate to profit growth points to margin pressure. The 16.8% top-line increase was overwhelmed by costs, compressing profitability for the year.

What we're watching

Whether the next quarter's results reveal any margin recovery.
Management's explanation for the profit decline.
The stock's reaction to the earnings miss.

The full read

Amic Forging's FY26 revenue climbed 16.8% to ₹141.78 crore. Its net profit did not keep pace. Profit dropped 20.5% to ₹28.28 crore, and EPS fell from ₹33.90 to ₹26.78. The divergence is the story. A nearly 17% top-line gain that delivers a 21% profit drop points squarely at margin compression. Costs rose faster than sales. The audit opinion is clean, so the numbers aren't in dispute. The open question for Amic now is whether this was a one-year cost spike or the beginning of a trend.

Questions answered

What explains the divergence between Amic's revenue growth and profit decline?: The filing shows revenue grew 16.8% but net profit fell 20.5%, implying higher operating costs or expenses outpaced sales growth, compressing margins.
How much did earnings per share drop?: EPS fell from ₹33.90 to ₹26.78 for the year, a direct result of the 20.5% net profit decline.
Is there any issue with the audit of these results?: No, the audit report carries an unmodified opinion, meaning the auditors found the financial statements present a true and fair view.

Mentioned: Amic Forging Ltd. · ₹141.78 cr revenue · ₹28.28 cr net profit

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on AMIC →

31 May 2026 · 12:49 AM IST Amic Forging's profit slips 21% on a 17% revenue gain
4d ago Amic Forging schedules board meeting for May 30