Frontier Springs Ltd. — Earnings Release 2026

Nov 13, 2025

Dhruv Digitally signed by Dhruv Bhasin Bhasin Date: 2025.11.13 17:08:30 +05'30'

Q2 & H1FY26 PRESS AND MEDIA RELEASE

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Kanpur, November 13, 2025

FRONTIER SPRINGS, ONE OF INDIA’S LEADING PLAYER IN COIL SPRINGS, FORGING & AIR SPRINGS, ANNOUNCED ITS FINANCIAL RESULTS FOR Q2 & H1FY26.

For Quarter ended September 30, 2025

REVENUE FROM OPERATIONS

EBITDA

₹ 82.74 Cr

₹ 22.07 Cr

58.39% Y-O-Y 106.53% Y-O-Y

PAT

₹ 15.71 Cr

115.50% Y-O-Y

For Half Year ended September 30, 2025

REVENUE FROM OPERATIONS

₹ 158.08 Cr

EBITDA

₹ 42.50 Cr

PAT

₹ 30.45 Cr

53.49% Y-O-Y 107.92% Y-O-Y 113.37% Y-O-Y

Commenting on the performance, Kapil Bhatia , Managing Director, said:

“Frontier Springs Limited has delivered a strong performance in the second quarter of FY26 in line with its stated guidance, driven by healthy demand across all product verticals. The Company continues to maintain a robust order book and remains well on track to achieve its full-year revenue guidance.

Profitability remained strong with a significant contribution from the Air Springs segment. The realisations from coil springs also continued to stay firm, supported by sustained demand across the railway sector. The Company has made commendable progress on the 6-tonne hammer project, and capacity utilisation is expected to improve from the next quarter, further strengthening operational performance.

A key highlight of the quarter was the progress on the new product development in the Air Spring segment — the Failure Indication and Brake Application (FIBA) system. Designed to enhance operational safety, the FIBA system automatically applies the service brake in case of any leakage or failure in Air Spring Bellows or associated pipe fittings while providing real-time alerts through indicator lights. Each coach will require two FIBA devices with four indicators to ensure continued stability and passenger safety during travel.

The Company has already applied for RDSO approvals and expects to receive them shortly. Subject to approvals, commercial contribution from FIBA is anticipated from the next financial year.

Looking ahead, Frontier Springs remains confident of sustaining its growth trajectory. The Company is progressing as per its planned capital expenditure for the year and continues to expand capacity to meet the rising demand. The management remains optimistic about achieving ₹ 375 crores in gross revenues for FY26 and ₹ 500 crores for FY27. With an expanding product portfolio, increasing capacity base, and the Government of India’s ongoing railway modernisation initiative, Frontier Springs is well-positioned to capture emerging opportunities and deliver long-term value to its stakeholders.”

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Q2 & H1FY26 PRESS AND MEDIA RELEASE

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Financial Highlights

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|---|---|---|---|---|---|---|---|---|
|PARTICULARS|Q2FY26|Q1FY26|Q2FY25|Q-o-Q|Y-o-Y|H1FY26|H1FY25|Y-o-Y|
|Revenue From Operations|82.74|75.34|52.24|9.82%|58.39%|158.08|102.99|53.49%|
|Other Income|0.17|0.60|0.13|-72.49%|29.57%|0.77|0.79|-3.19%|
|Total Income|82.91|75.94|52.36|9.17%|58.32%|158.85|103.78|53.06%|
|Total Operating Expenses|60.83|55.52|41.68|9.57%|45.96%|116.35|83.34|39.61%|
|EBITDA|22.07|20.42|10.69|8.08%|106.53%|42.50|20.44|107.92%|
|EBITDA Margin (%)|26.68%|27.11%|20.46%|-43 bps|622 bps|26.88%|19.85%|704 bps|
|Finance Cost|0.06|0.07|0.05|-2.90%|41.56%|0.13|0.09|43.19%|
|Depreciation And|1.09|1.04|1.02|5.42%|6.74%|2.13|1.98|7.64%|
|Amortisation Expenses|
|Profit Before Tax|21.08|19.92|9.75|5.83%|116.29%|41.01|19.16|113.99%|
|Profit After Tax|15.71|14.74|7.29|6.52%|115.50%|30.45|14.27|113.37%|

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About Frontier Springs Limited

Founded in 1981, Frontier Springs began its journey as a manufacturer of Leaf Springs and Laminated Bearing Springs for Automobiles and Railways. Today, the company primarily produces Hot Coiled Compression Springs and forging items, catering especially to the needs of Wagon, Locomotives, and Carriage sectors. Registered with RDSO since 1990, Frontier Springs is a trusted supplier to the Indian Railways.

Frontier Springs’ manufacturing prowess is spread across two state-of-the-art facilities located in Kanpur, Uttar Pradesh, and Poanta Sahib, Himachal Pradesh. The company's portfolio has witnessed significant diversification, now encompassing forging items from 100 gm to 20 Kg and a specialised Spring Division that addresses the needs of both national and international heavy engineering sectors. Recently, the Company made a strategic foray into the production of Air Springs, marking a significant expansion in its product portfolio.

For further details, please get in touch

Dhruv Bhasin Abhishek Mehra

Safe Harbour

This document which have been prepared by Frontier Springs Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This document has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Document. This Document may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Document is expressly excluded.

Certain matters discussed in this Document may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Document. The Company assumes no obligation to update any forward-looking information contained in this Document.

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