Mumbai, June 01: Balu Forge Industries Ltd. (the “Company” or “BFIL”), a leading precision engineering and manufacturing company, has announced its audited financial results for the quarter and full year ended 31st March 2026.
Consolidated Financial Performance:
|
Rs. Mn
|
Q4 FY26
|
Q4 FY25
|
Y-o-Y
(%)
|
Q3 FY26
|
Q-o-Q
(%)
|
FY26
|
FY25
|
Y-o-Y
|
|
Revenue from Operations
|
2,636
|
2,696
|
(2.3)%
|
3,111
|
(15.3)%
|
11,074
|
9,236
|
19.9%
|
|
EBITDA
|
599
|
750
|
(20.1)%
|
845
|
(23.3)%
|
2,995
|
2,511
|
19.3%
|
|
EBITDA Margin%
|
22.7%
|
27.8%
|
|
27.2%
|
|
27.0%
|
27.2%
|
|
|
PAT
|
657
|
627
|
4.9%
|
711
|
(0.4)%
|
2,589
|
2,039
|
27.0%
|
|
PAT Margin%
|
22.9%
|
22.9%
|
|
22.5%
|
|
22.7%
|
21.7%
|
|
|
EPS (Rs.)
|
0.64
|
0.57
|
10.6%
|
6.41
|
5.8%
|
2.43
|
1.92
|
24.2%
|
Commenting on the performance, Mr. Jaspal Singh Chandock, Chairman & Managing Director of BFIL stated: “For FY26, Revenue from Operations increased by 19.9% YOY to Rs. 11,074 million, while EBITDA was Rs. 2,995 million with an EBITDA margin of 27.0%. PAT for the year was Rs. 2,589 million, reflecting a PAT margin of 22.7%. The performance during the year was supported by continued execution across operations and increasing scale across the Company’s manufacturing platform.
In Q4 FY26, Revenue from Operations was Rs. 2,636 million. EBITDA for the quarter was Rs. 599 million with an EBITDA margin of 22.7%, while PAT was Rs. 657 million, translating into a PAT margin of 22.9%. This quarter was impacted by geopolitical developments in the Middle East, leading to a sequential moderation in volumes across the Company’s India-UAE operations. However, the increasing contribution of high value engineering segments helped moderate the impact on margins during the quarter. We continue to closely monitor the evolving geopolitical environment and movements in input prices and will pass on any material increase in input costs to customers.
Following our induction into the NATO supply chain and commercialization of the empty shell production line, we entered into a 5 year MOU for the supply of large calibre ammunition from our greenfield manufacturing campus in Belgaum, Karnataka. The agreement provides long term demand visibility and further strengthens our presence in the large calibre ammunition segment.
In line with this long-term supply opportunity, we have initiated plans to further expand our manufacturing capacities through internal accruals. The planned expansion is aligned with our strategy of strengthening scaled capabilities across the large calibre ammunition segment.
Further strengthening our presence in high-value engineering segments, we secured our maiden aerospace order from Alpha Aircraft Systems Inc., USA, for the supply of precision-engineered components. This development marks our entry into the global aerospace supply chain and reflects the capabilities developed through our continued investments in advanced manufacturing and precision engineering.
As we enter FY27, we remain focused on strengthening our precision engineering, defence, and aerospace manufacturing capabilities through continued investments in advanced manufacturing technologies and capacity expansion. With a strengthened manufacturing platform, entry into global defence and aerospace supply chains, and an expanding presence across high-value engineering segments, Balu Forge remains well-positioned for its next phase of growth.”
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