Simplex Castings Ltd — Important, 24-08-2026: Company Update

Simplex Castings posted strong Q1 FY27 results with revenue up 35% YoY to 60.95 Cr and PAT climbing 45% to 6.86 Cr. Its order book exceeds 150 Cr, boosting revenue visibility. Working capital is being optimized for 60-70 days by FY28 through a product mix shift. Expansion continues into railways, defense, and shipbuilding, securing significant orders. A green hydrogen project was abandoned due to GST issues on its government grant. The company reiterated its 300 Cr FY27 revenue guidance and 500 Cr FY28 target, backed by capacity and EPC exploration.