Balu Forge Industries Limited submitted a disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015, containing unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27).

Financial Performance (Consolidated)

Quarterly Comparison:

  • Revenue from Operations: ₹3,007 Mn in Q1 FY27 vs ₹2,332 Mn in Q1 FY26 (29.0% YoY growth) and ₹2,636 Mn in Q4 FY26 (14.1% QoQ growth)
  • EBITDA: ₹848 Mn in Q1 FY27 vs ₹723 Mn in Q1 FY26 (17.3% YoY growth) and ₹599 Mn in Q4 FY26 (41.5% QoQ growth)
  • EBITDA Margin: 28.2% in Q1 FY27 vs 31.0% in Q1 FY26 and 22.7% in Q4 FY26
  • PAT: ₹661 Mn in Q1 FY27 vs ₹570 Mn in Q1 FY26 (15.9% YoY growth) and ₹657 Mn in Q4 FY26 (0.5% QoQ growth)
  • PAT Margin: 21.7% in Q1 FY27 vs 24.3% in Q1 FY26 and 22.9% in Q4 FY26
  • EPS: ₹5.49 in Q1 FY27 vs ₹5.04 in Q1 FY26 (8.9% YoY growth) and ₹6.35 in Q4 FY26 (13.5% QoQ decline)

Total Income for Q1 FY27 was ₹3,046 Mn, representing 29.7% YoY growth.

Strategic and Operational Highlights

Management Commentary by Mr. Jaspal Singh Chandock, Chairman & Managing Director:

  • The company continued scaling the value chain across high-value, technology-intensive engineering segments
  • Secured maiden aerospace order from the United States, marking entry into highly regulated global aerospace supply chain
  • Significant progress in defence manufacturing with incremental orders for large-calibre artillery shells
  • Expanding presence in precision defence through development of complex forged components for armoured vehicles and aerospace defence applications
  • Fully automated, indigenously developed production lines provide foundation for scale and efficiency
  • Expanding precision heavy engineering capabilities for heavy mobility, specialized industrial machinery and energy transition sectors
  • Continued upgrades in forging and machining capabilities to address complex geometries and heavy-duty applications

Capacity Expansion

  • Upcoming commissioning of additional capacities equipped with advanced heavy forging presses and sophisticated machining lines
  • This will enhance throughput and delivery capabilities to execute growing order book
  • Provides headroom to scale aerospace and defence programs and onboard new global clients

Company Background

Balu Forge Industries Limited is a precision engineering company delivering forged and machined components across multiple global industries. The company offers products ranging from 1 kg to 1,000 kg and up to 3 meters in length for applications in automotive, industrial vehicles, earthmoving equipment, wind energy, aerospace, defence, oil and gas, railways, marine, and agriculture.

Manufacturing Facilities: Strategically located in Belgaum, Karnataka, spread over 46+ acre campus with high-capacity hydraulic hammers and forging presses, dedicated in-house tool room, metallurgical labs, and CNC machining units.

Strategic Initiatives: Expanding defence production, enhancing automation, strengthening global partnerships, with focus on operational scalability and customer diversification.

Additional Information

The information will be made available on the company website at www.baluindustries.com.