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Balu Forge Industries (531112) investor relations material
Balu Forge Industries Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 FY27 consolidated revenue from operations was ₹30,071.47 lakh, up 29.0% YoY; net profit was ₹6,608.82 lakh, up 15.9%.
Defence, Aerospace and Railways made up ~50% of the order book; a maiden US aerospace order, NATO-affiliated ammunition agreement and artillery-shell production advanced strategic-sector growth.
Financial highlights
Consolidated total income was ₹30,457.96 lakh vs ₹23,487.89 lakh YoY; PBT was ₹8,072.79 lakh vs ₹7,003.88 lakh.
EBITDA was ₹848 Mn, up 17.3% YoY; margin was 28.2%, vs 31.0% in Q1 FY26 and 22.7% in Q4 FY26.
Standalone revenue was ₹17,501.19 lakh and net profit ₹3,778.99 lakh; prior-year figures were ₹15,206.60 lakh and ₹3,404.31 lakh.
Consolidated finance cost was ₹459.53 lakh vs ₹223.17 lakh YoY; raw material costs rose 32.9% YoY to ₹1,915 Mn.
Outlook and guidance
The 46-acre Belgaum facility is expected to raise machining capacity to 80,000 MTPA by FY27; stated plans target forging capacity of 150,000 MTPA and machining capacity of 80,000 MTPA.
Additional heavy forging presses and machining lines are planned to support order execution, aerospace and defence programs, and global client onboarding.
The 3–5 year strategy prioritizes capacity, technology and global reach, with expansion into defence platforms, aerospace assemblies, aluminium and titanium.
- Integrated manufacturing supports global OEMs, with expansion focused on defence, rail and new energy.531112
Corporate presentation - Strategic sectors reach ~50% of order book as FY26 revenue and PAT grow.531112
Investor presentation - Q1 FY25 consolidated net profit reached Rs 3,416.71 lakh; Rs 0.15 dividend recommended.531112
Q1 24/25 - Q3 growth and new defence lines offset overdue subsidiary export receivables.531112
Q3 25/26 - FY24 earnings grew sharply, but operating cash flow turned negative.531112
Q4 23/24 - Nine-month consolidated net profit reached Rs. 6,539.47 lakh as equity and warrants were issued.531112
Q3 23/24 - Q3 revenue rose 73.91% and consolidated PAT increased 134.09% YoY.531112
Q3 24/25 - Q2/H1 FY25 profit surged as cash flow improved and Belgaum capacity ramp-up advanced.531112
Q2 24/25 - Revenue and profit rose YoY as a railways, defence and aerospace SPV was formed.531112
Q1 25/26
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