Balu Forge Q1 FY27 Net Profit Rises, Approves $60M FCCBs

Board Meeting Details

The Board meeting commenced at 05:45 PM IST and concluded at 07:00 PM IST on August 12, 2026.

Key Board Approvals

1. Financial Results Approval

• Approved unaudited Standalone and Consolidated Financial Results for quarter ended June 30, 2026 (Q1 FY27)
• Results were reviewed and recommended by the Audit Committee
• Statutory Auditors issued Limited Review Reports

2. Fundraising via FCCBs

• Approved raising funds through issuance of Foreign Currency Convertible Bonds (FCCBs)
• Aggregate amount: Up to USD 60 million
• Mode: Private placement basis
• Subject to shareholder approval and regulatory/statutory approvals

3. Borrowing Limits Increase

• Approved increase in overall borrowing limits under Section 180(1)(c) of Companies Act, 2013
• New limit: Up to ₹1,000 crore
• Subject to shareholder approval via special resolution at EGM

4. Security Creation Authorization

• Approved creation of mortgage(s), charge(s) and/or other security interest(s) on company properties
• Covers movable and immovable properties, present and future
• For borrowings up to ₹1,000 crore (including existing borrowings)
• Under Section 180(1)(a) of Companies Act, 2013
• Subject to shareholder approval via special resolution at EGM

5. EGM Convening

• Approved convening Extraordinary General Meeting on Friday, September 04, 2026
• Purpose: Seeking shareholder approval for matters in the EGM Notice

Financial Results - Standalone (Q1 FY27)

Income Statement (₹ in Lakhs)

• Revenue from Operations: 17,501.19 (vs 15,000.46 in Q1 FY26)
• Other Income: 276.98 (vs 206.14 in Q1 FY26)
• Total Income: 17,778.17 (vs 15,206.60 in Q1 FY26)
• EBIDTA: 5,242.96 (vs 4,705.50 in Q1 FY26)
• Profit Before Tax: 5,242.96 (vs 4,705.50 in Q1 FY26)
• Tax Expense: 1,463.97 (Current: 0.00, Deferred: 253.97, Prior Period: 0.00)
• Net Profit After Tax: 3,778.99 (vs 3,404.31 in Q1 FY26)
• Total Comprehensive Income: 3,775.31

Earnings Per Share

• Basic EPS: ₹3.11 (vs ₹3.01 in Q1 FY26)
• Diluted EPS: ₹3.11 (vs ₹2.92 in Q1 FY26)

Capital Structure

• Paid-up equity share capital: ₹12,139.19 lakhs (Face Value ₹10 per share)
• Other Equity: ₹1,24,834.15 lakhs

Financial Results - Consolidated (Q1 FY27)

Income Statement (₹ in Lakhs)

• Revenue from Operations: 30,071.47 (vs 23,319.60 in Q1 FY26)
• Other Income: 386.49 (vs 168.29 in Q1 FY26)
• Total Income: 30,457.96 (vs 23,487.89 in Q1 FY26)
• EBIDTA: 8,072.79 (vs 7,003.88 in Q1 FY26)
• Profit Before Tax: 8,072.79 (vs 7,003.88 in Q1 FY26)
• Tax Expense: 1,463.97 (Current: 0.00, Deferred: 253.97, Prior Period: 0.00)
• Net Profit After Tax: 6,608.82 (vs 5,702.69 in Q1 FY26)
• Total Comprehensive Income: 6,667.21

Earnings Per Share

• Basic EPS: ₹5.49 (vs ₹5.04 in Q1 FY26)
• Diluted EPS: ₹5.49 (vs ₹4.89 in Q1 FY26)

Capital Structure

• Paid-up equity share capital: ₹12,139.19 lakhs (Face Value ₹10 per share)
• Other Equity: ₹1,47,313.03 lakhs

Subsidiaries Included in Consolidation

• Balu Advanced Technologies & Systems Pvt Ltd
• Naya Energy Works Pvt Ltd
• Safa Otomotiz FZE-LLC

Auditors' Emphasis of Matter

• Company entered agreement dated May 26, 2026 with Managing Director Mr. Jaspalsingh Prehladsingh Chandock for property purchase
• Agreed consideration: ₹2,250.00 Lakhs
• Advance paid: ₹958.33 Lakhs as of June 30, 2026
• Transaction subject to terms and conditions including completion of formalities and conditions precedent
• Considered as related party transaction

Other Matters Noted by Auditors

1. Export Receivables

• Export receivables outstanding from wholly owned subsidiary: ₹524.13 Lakhs
• Realization exceeds prescribed timelines per RBI Master Direction on Export of Goods and Services

2. Income Tax Proceedings

• Search operation conducted by Income Tax Department in Q4 of preceding financial year
• Block assessment proceedings initiated consequent to search
• Proceedings ongoing as of June 30, 2026
• Outcome, consequential liability and implications cannot be determined with reasonable certainty