Springform's first full-year post-acquisition: ₹140 cr revenue, profit in black.
Audited results for the year to March 2026 show the Inertia Aluminium acquisition has completely reshaped Springform's business, with revenue jumping from near-zero to ₹140 crore.
What's new
- Springform's first full-year consolidated results show revenue of ₹14,018.54 lakhs, versus just ₹13.80 lakhs a year ago.
- The company swung to a net profit of ₹124.10 lakhs, reversing a loss of ₹100.52 lakhs in FY25.
- Board approved a name change to either Inertia Alu Tech or Inertia Alu Roll, subject to approvals.
Why this matters
This is the first hard evidence of the Inertia Aluminium deal's scale. The acquisition turned a shell-like entity (₹13.80 lakhs in revenue) into a ₹140 crore operation. The proposed name change is a signal that management sees the aluminium business as the company's permanent identity.
What we're watching
- The operational profitability and margin profile of the core aluminium business, now visible.
- Timeline for the name-change approvals from RoC, MCA, and shareholders.
- Whether the new identity leads to any change in investor perception or coverage.
The full read
Springform Technology is a different company. Its first full-year consolidated results since acquiring Inertia Aluminium show revenue of ₹14,018.54 lakhs, a leap from a pre-deal base of just ₹13.80 lakhs. The business is also profitable, posting a net profit of ₹124.10 lakhs versus a loss of ₹100.52 lakhs a year earlier. The numbers provide the first concrete post-deal financial picture. To cement the shift, the board has proposed a name change to either Inertia Alu Tech or Inertia Alu Roll, pending regulatory and shareholder approvals. The filing confirms the acquisition, previously a disclosed event, has delivered tangible top-line and bottom-line scale. The new name is the symbolic completion of the transition.
Questions answered
- Why is the revenue jump so extreme?
- The prior-year figures were from a time before Springform acquired Inertia Aluminium. The 2025 acquisition was a transformative deal that added an entirely new, larger business. The ₹13.80 lakhs prior-year figure represents the legacy business, while the ₹14,018.54 lakhs is the combined entity.
- What does the profit reversal mean?
- Springform moved from a net loss of ₹100.52 lakhs in FY25 to a net profit of ₹124.10 lakhs in FY26. This indicates the newly consolidated Aluminium business is profitable on a full-year basis.
- Why change the company's name now?
- The board stated the name change is to reflect its strategic pivot to the aluminium processing business. It's a formal acknowledgment that the acquisition defines the company's future, not its past.
- Are these numbers preliminary or final?
- These are audited figures. The filing specifies the results are audited and consolidated, meaning they represent the verified, final accounts for the full year.