Consolidated Financial Performance (FY26 Annual)

  • Revenue from Operations: ₹11,074 million, up 19.9% YoY from ₹9,236 million in FY25
  • EBITDA: ₹2,995 million, up 19.3% YoY from ₹2,511 million in FY25
  • EBITDA Margin: 27.0% (vs 27.2% in FY25)
  • PAT: ₹2,589 million, up 27.0% YoY from ₹2,039 million in FY25
  • PAT Margin: 22.7% (vs 21.7% in FY25)
  • EPS: ₹2.43, up 24.2% YoY from ₹1.92 in FY25

Consolidated Financial Performance (Q4 FY26)

  • Revenue from Operations: ₹2,636 million, down 2.3% YoY from ₹2,696 million in Q4 FY25 and down 15.3% sequentially from ₹3,111 million in Q3 FY26
  • EBITDA: ₹599 million, down 20.1% YoY from ₹750 million in Q4 FY25 and down 23.3% sequentially from ₹845 million in Q3 FY26
  • EBITDA Margin: 22.7% (vs 27.8% in Q4 FY25 and 27.2% in Q3 FY26)
  • PAT: ₹657 million, up 4.9% YoY from ₹627 million in Q4 FY25 and down 0.4% sequentially from ₹711 million in Q3 FY26
  • PAT Margin: 22.9% (vs 22.9% in Q4 FY25 and 22.5% in Q3 FY26)
  • EPS: ₹0.64, up 10.6% YoY from ₹0.57 in Q4 FY25 and up 5.8% sequentially from ₹6.41 in Q3 FY26

Management Commentary

Mr. Jaspal Singh Chandock, Chairman & Managing Director, stated that Q4 FY26 was impacted by geopolitical developments in the Middle East leading to sequential moderation in volumes across India-UAE operations. The increasing contribution of high value engineering segments helped moderate margin impact.

Strategic Developments

  • Entered into 5-year MOU for supply of large calibre ammunition from greenfield manufacturing campus in Belgaum, Karnataka
  • Secured maiden aerospace order from Alpha Aircraft Systems Inc., USA for precision engineered components
  • Initiated plans to expand manufacturing capacities through internal accruals aligned with large calibre ammunition segment strategy

Manufacturing Facilities

  • Advanced manufacturing facilities in Belgaum, Karnataka spread over 46+ acre campus
  • Equipped with high-capacity hydraulic hammers, forging presses, dedicated tool room, metallurgical labs, and CNC machining units

Business Overview

Balu Forge is a precision engineering company delivering forged and machined components (1 kg to 1,000 kg, up to 3 meters length) for automotive, industrial vehicles, earthmoving equipment, wind energy, aerospace, defence, oil and gas, railways, marine, and agriculture applications.

FY27 Outlook

Company remains focused on strengthening precision engineering, defence, and aerospace manufacturing capabilities through continued investments in advanced manufacturing technologies and capacity expansion.

Additional Information

Results available on company website: www.baluindustries.com