Balu Forge H1 FY27 Revenue Hits Record ₹625 Cr, PAT Up 17% to ₹143 Cr
Balu Forge Industries reported record H1 FY27 revenue of ₹625 crore, up 17.3% YoY. PAT grew 16.9% to ₹143 crore. Q2 FY27 EBITDA margin improved to 28.9%. Operating cash flow rose 7x to ₹245 crore. The company is expanding forging and machining capacities and expects 25-30% revenue growth in FY27.
The announcement details record financial performance, significant capacity expansions, a strong order book, and positive future growth guidance, all of which are material factors for investors.
The company reported record revenues, significant growth in PAT and EBITDA, improved margins, strong operating cash flow, and a healthy order book. Expansion plans and promoter investment further indicate a positive outlook.
Balu Forge Industries Ltd. announced its unaudited financial results for the quarter and half year ended September 30, 2026. For the half year ended H1 FY27, the company achieved a record revenue from operations of ₹625.1 crore, a year-on-year increase of 17.3% from ₹523.7 crore in H1 FY26. EBITDA stood at ₹178.5 crore, up 15.1% from ₹155.1 crore, with the EBITDA margin at 28.6%. Profit After Tax (PAT) grew by 16.9% to ₹142.7 crore from ₹122.1 crore in the prior year period. Earnings Per Share (EPS) was ₹12.1, an increase of 12.3% from ₹10.8.
For the second quarter of FY27 (Q2 FY27), revenue from operations was ₹324.3 crore. The EBITDA for Q2 FY27 was ₹93.7 crore, with an improved EBITDA margin of 28.9%, up 130 basis points. PAT for Q2 FY27 was ₹76.6 crore, and EPS was ₹6.6.
Chairman & Managing Director, Mr. Jaspal Singh Chandock, commented that H1 FY27 was a record half for Balu Forge, reflecting business strength and progress towards growth. He highlighted strong cash generation with operating cash flow reaching ₹245 crore, nearly 7x the previous year. Receivables reduced by ₹31.2 crore, and net debt-to-equity remained low at 0.04x. The company is scaling forging capacity from 100,000 MTPA to 168,000 MTPA and precision machining capacity from 58,000 MTPA to 80,000 MTPA. The business mix is shifting towards higher-value applications, with Defence, Aerospace, and Railways contributing nearly 50% of the ₹2,400 crore order book. The company is confident of delivering 25-30% revenue growth in FY27. The promoter group has committed up to ₹162 crore through investments.
What to do with a filing like this
Balu Forge Industries Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Balu Forge Industries Limited. Read the original for the full detail.