Balu Forge Industries Ltd. has announced its unaudited financial results for the quarter and half year ended September 30, 2026. The company achieved a record H1 FY27 revenue of ₹625 crore, a 17% increase year-on-year. Profit After Tax (PAT) also grew by 17% to ₹143 crore. EBITDA stood at ₹179 crore, with a margin of 28.6%. The company highlighted strong cash generation and strategic investments for future growth.
Balu Forge Reports Record Half-Year Financial Performance
Balu Forge Industries Ltd. has posted its unaudited financial results for the first half and second quarter of FY27, revealing a record performance. The company achieved a Revenue from Operations of ₹625.1 crore for H1 FY27, marking a substantial 17.3% year-on-year growth compared to ₹523.7 crore in H1 FY26. This growth signifies the highest-ever revenue for the company in a half-year period.
Profitability and Margins
Profitability also saw significant improvement. Profit After Tax (PAT) grew by 16.9% to ₹142.7 crore in H1 FY27, up from ₹122.1 crore in the same period last year. The company’s EBITDA for H1 FY27 was ₹178.5 crore, an increase of 15.1% over H1 FY26. The EBITDA margin stood at a healthy 28.6% for H1 FY27. Notably, the Q2 FY27 EBITDA margin saw a further improvement, reaching 28.9%.
Key Financial Highlights and Growth Drivers
Balu Forge highlighted several key financial achievements, including an Operating Cash Flow that rose 7x to ₹245 crore. Receivables were reduced by ₹31.2 crore, and the Net Debt-to-Equity ratio remained low at 0.04x. The company is scaling its forging capacity from 100,000 MTPA to 168,000 MTPA and precision machining capacity from 58,000 MTPA to 80,000 MTPA. Strategic initiatives focusing on defence production, automation, and global partnerships are driving growth, with the Defence, Aerospace, and Railways sectors contributing nearly 50% to its ₹2,400 crore order book.
Promoter Confidence and Future Outlook
The promoter group has demonstrated confidence in the company’s vision and growth plans by committing up to ₹162 crore through investments. Balu Forge remains confident in delivering 25-30% revenue growth in FY27, driven by technological expansion, operational excellence, prudent capital allocation, and strengthened customer relationships. The company aims to build a globally trusted precision engineering business that creates sustainable, long-term value for all stakeholders.
Source: BSE
