Balu Forge Industries Limited announced the outcome of its Board meeting held on February 12, 2026. The Board approved the Un-audited Standalone and Consolidated Financial Results for the Quarter and nine months ended December 31, 2025. Key highlights include Total Income reaching ₹29,930.94 Lakhs for the quarter and ₹84,281.58 Lakhs for the nine months on a standalone basis. The firm also noted external auditor findings regarding outstanding export receivables.
Board Approves Q3 FY2026 Financials
The Board of Directors of Balu Forge Industries Limited convened on Thursday, February 12, 2026, from 04:30 p.m. to 07:00 p.m. The primary agenda item was the consideration and approval of the Un-audited Standalone & Consolidated Financial Results for the Quarter and nine months ended December 31, 2025. The Board also formally accepted the Limited Review Report from the auditors on these results.
Standalone Financial Performance (Quarter Ended Dec 31, 2025)
The standalone results show robust top-line performance for the third quarter:
- Revenue from Operation stood at ₹29,930.94 Lakhs, compared to ₹25,536.39 Lakhs in the previous corresponding quarter (Q3 FY25).
- Total Income (1+2) was ₹31,446.95 Lakhs for the quarter.
- Total Expenses for the quarter amounted to ₹22,056.82 Lakhs.
- Profit Before Tax (PBT) for the quarter was ₹8,044.55 Lakhs.
- Profit After Tax (PAT) for the quarter was reported at ₹4,811.48 Lakhs.
- Earnings Per Share (EPS) for the quarter were ₹3.37 (Basic) and ₹3.37 (Diluted).
Consolidated Financial Performance (Nine Months Ended Dec 31, 2025)
Reviewing the nine-month period performance (April 1, 2025, to December 31, 2025) on a consolidated basis:
- Total Income reached ₹84,553.22 Lakhs.
- Total Expenses amounted to ₹62,526.30 Lakhs.
- Profit Before Tax (PBT) for the nine months was ₹23,042.55 Lakhs.
- Profit After Tax (PAT) for the nine months was ₹14,563.20 Lakhs.
Auditor’s Review and Other Matters
The review report by M.B. Agrawal & Co., Chartered Accountants, confirmed the figures based on their review procedures, which are substantially less in scope than an audit. A specific point noted under “Other Matters” concerns export receivables outstanding from a wholly owned subsidiary, amounting to Rs 13.01 Crores, where the realization timelines prescribed by the Reserve Bank of India appear to have been exceeded.
In the consolidated review, the auditors reported that the results included financial information from subsidiaries whose reports were furnished by other auditors, covering a foreign subsidiary with assets of Rs. 24,372.21 Lakhs and a net profit of Rs. 3,457.41 Lakhs for the quarter.
Source: BSE
