Balu Forge Industries Ltd (BFIL), a precision engineering and manufacturing company, reported strong financial results for the quarter ended June 30, 2026, with growth across revenue and profitability. Consolidated Revenue from Operations stood at ₹3,007 million in Q1 FY27, compared with ₹2,332 million in the same quarter last year, registering a 29% year-on-year increase. Total income for the quarter was ₹3,046 million, up 29.7% from the year-ago period.
EBITDA rose 17.3% YoY to ₹848 million, compared with ₹723 million in Q1 FY26. The EBITDA margin stood at 28.2%. Profit After Tax increased 15.9% YoY to ₹661 million, compared with ₹570 million in the corresponding quarter. PAT margin was 21.7%, while earnings per share stood at ₹5.49.
The company also recorded strong sequential growth. Revenue from operations increased 14.1% from ₹2,636 million in Q4 FY26, while EBITDA rose 41.5% from ₹599 million. PAT remained broadly stable at ₹661 million compared with ₹657 million in the previous quarter.
Commenting on the results, Jaspal Singh Chandock, Chairman and Managing Director, Balu Forge Industries, said the company continued to expand its presence in high-value and technology-intensive engineering segments during the quarter.
He said the company’s entry into the global aerospace supply chain gained momentum with its first aerospace order from the United States. The order marks an important step in expanding BFIL’s aerospace business and reflects its capabilities in precision manufacturing, advanced alloys and quality control.
BFIL also reported progress in defence manufacturing, including additional orders for large-calibre artillery shells. The company is also developing precision forged components for armoured vehicles and aerospace defence applications. Automated production lines are being developed to support higher volumes and consistent quality.
The company is further expanding its precision heavy engineering business to meet demand from heavy mobility, industrial machinery and energy-related applications. Investments in forging and machining capabilities are enabling BFIL to manufacture larger and more complex components with tighter tolerances.
Additional manufacturing capacity is also being commissioned, including advanced heavy forging presses and machining lines. The new capacity is expected to improve production volumes and support the company’s growing order book, while providing additional capacity for aerospace, defence and other high-value programmes.
BFIL said its focus remains on automation, advanced manufacturing, metallurgical development and forward integration. The company expects these initiatives to support customer diversification, improve manufacturing capabilities and strengthen its position in global engineering markets.
Balu Forge Industries manufactures forged and machined components ranging from 1 kg to 1,000 kg and up to three metres in length. Its products serve automotive, industrial vehicles, earthmoving equipment, wind energy, aerospace, defence, oil and gas, railways, marine and agricultural applications. The company operates integrated forging and machining facilities at Belgaum, Karnataka, supported by tooling, metallurgical testing and CNC machining capabilities.
