Financial Performance Highlights (Consolidated)

Half Year Performance (H1 FY27 vs H1 FY26):

  • Revenue from Operations: ₹625.1 Cr (vs ₹523.7 Cr) - 17.3% YoY growth
  • EBITDA: ₹178.5 Cr (vs ₹155.1 Cr) - 15.1% YoY growth
  • EBITDA Margin: 28.6% (vs 29.1%) - 50 bps decline
  • PAT: ₹142.7 Cr (vs ₹122.1 Cr) - 16.9% YoY growth
  • PAT Margin: 22.8% (vs 22.9%) - 10 bps decline
  • EPS: ₹12.1 (vs ₹10.8) - 12.3% YoY growth

Quarter Performance (Q2 FY27):

  • Revenue from Operations: ₹324.3 Cr
  • EBITDA: ₹93.7 Cr
  • EBITDA Margin: 28.9% (130 bps improvement from previous period)
  • PAT: ₹76.6 Cr
  • PAT Margin: 23.6%
  • EPS: ₹6.6

Operational and Financial Metrics

  • Operating Cash Flow: ₹245 Cr (7x increase year-over-year)
  • Receivables Reduction: ₹31.2 Cr
  • Net Debt-to-Equity: 0.04x
  • Promoter Investment Commitment: ₹162 Cr

Capacity Expansion Plans

  • Forging capacity expansion: From 100,000 MTPA to 168,000 MTPA
  • Precision machining capacity expansion: From 58,000 MTPA to 80,000 MTPA
  • New 6.7-metre ring rolling capability added

Business Outlook and Order Book

  • Current Order Book: ₹2,400 Cr
  • Business Mix: Defence, Aerospace and Railways contribute nearly 50% of order book
  • Revenue Growth Guidance: 25-30% for FY27
  • Defence dispatches are underway

Management Commentary

Mr. Jaspal Singh Chandock, Chairman & Managing Director, stated that H1 FY27 has been a record half for the company, reflecting business strength and progress toward next phase of growth. The company is creating a globally competitive, integrated precision manufacturing platform building on its 37-year engineering legacy. Investments in advanced machining, automated forging and specialized manufacturing will enable more complex, higher-value capabilities.

Company Background

Balu Forge Industries Limited, founded by Mr. Prehlad Singh Chandock, is a precision engineering company delivering forged and machined components across multiple global industries. Product portfolio ranges from 1 kg to 1,500 kg and up to 3 meters in length, serving automotive, industrial vehicles, earthmoving equipment, wind energy, aerospace, defence, oil and gas, railways, marine, and agriculture sectors. Operations include fully integrated forging and machining capabilities with advanced manufacturing facilities in Belgaum, Karnataka, spread over 46+ acre campus.

Additional Information

The information has been made available on the company website at www.baluindustries.com. The disclosure contains forward-looking statements subject to risks and uncertainties including government actions, local political or economic developments, and technological risks.