Balu Forge FY26 Revenue at ₹11,074 Cr, PAT at ₹2,589 Cr; Secures Aerospace Order
Balu Forge reported FY26 revenue of ₹11,074 million (₹1,107.4 crore), up 19.9% YoY, with EBITDA at ₹2,995 million (₹299.5 crore) and PAT at ₹2,589 million (₹258.9 crore). Q4 FY26 revenue was ₹2,636 million (₹263.6 crore). The company secured its first aerospace order from Alpha Aircraft Systems Inc., USA, and a 5-year MOU for ammunition supply.
The significant YoY growth in revenue and profit, coupled with securing a maiden aerospace order and a long-term ammunition supply contract, are material events that are likely to have a substantial impact on the company's future financial performance and market position.
The company reported significant year-on-year growth in revenue and PAT for FY26, secured a maiden aerospace order, and signed a long-term MOU for ammunition supply, indicating positive business momentum and strategic advancements.
Balu Forge Industries Limited announced its financial results for the quarter and year ended March 31, 2026. For the full fiscal year 2026, the company reported a revenue from operations of ₹11,074 million (₹1,107.4 crore), marking a 19.9% year-on-year increase. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹2,995 million (₹299.5 crore) with an EBITDA margin of 27.0%. Profit After Tax (PAT) for FY26 was ₹2,589 million (₹258.9 crore), resulting in a PAT margin of 22.7%.
In the fourth quarter of FY26, revenue from operations was ₹2,636 million (₹263.6 crore). EBITDA for the quarter was ₹599 million (₹59.9 crore) with a margin of 22.7%, while PAT was ₹657 million (₹65.7 crore) with a margin of 22.9%. The company noted that the Q4 performance was sequentially impacted by geopolitical developments in the Middle East, affecting volumes and leading to a temporary increase in inventory and trade receivables.
Key strategic developments include the renaming of its subsidiary to Quantum Energetics Private Limited, expanding its scope to include the manufacturing of high-energy explosive compounds and allied products, subject to regulatory approvals. The company also reported that Defence, Aerospace, and Railways segments now account for approximately 50% of its total order book, reflecting a strategic shift towards higher-value engineering products.
Balu Forge secured its maiden aerospace order from Alpha Aircraft Systems Inc., USA, for precision-engineered components. Additionally, it entered into a 5-year Memorandum of Understanding (MOU) for the supply of large-caliber ammunition from its greenfield manufacturing campus in Belgaum, Karnataka. The company plans to further expand its manufacturing capacities through internal accruals to support this long-term supply opportunity.
The company's strategic focus remains on strengthening precision engineering, defence, and aerospace manufacturing capabilities through continued investments in advanced manufacturing technologies and capacity expansion. Balu Forge is well-positioned for its next phase of growth, driven by a strengthened manufacturing platform and an expanding presence across high-value engineering segments.
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