Balu Forge Q3 FY26 Revenue Up 21.6% to ₹311.1 Crore, PAT Rises 20.5%
Balu Forge reported Q3 FY26 revenue of ₹311.1 crore, up 21.6% YoY. PAT increased 20.5% to ₹71.1 crore. Nine-month revenue grew 29.0% to ₹843.8 crore, with PAT up 36.8% to ₹193.2 crore. Key developments include the commercialization of a 100% 'Made in India' shell line and induction into the NATO supply chain.
The strong financial performance, coupled with strategic advancements like entry into the NATO supply chain and expansion of defense manufacturing capabilities, are expected to have a significant positive impact on the company's future growth and market position.
The company reported strong year-on-year growth in revenue and profits for both the quarter and nine-month period. Significant strategic developments like induction into the NATO supply chain and commercialization of new production lines further bolster the positive sentiment.
Balu Forge Industries Limited announced its financial results for the third quarter and nine months ended December 31, 2025. The company reported a consolidated revenue from operations of ₹3,111 million (₹311.1 crore) for Q3 FY26, marking a 21.6% increase year-on-year from ₹2,558 million (₹255.8 crore) in Q3 FY25. Profit After Tax (PAT) for the quarter grew by 20.5% to ₹711 million (₹71.1 crore) from ₹590 million (₹59.0 crore) in the same period last year. The EBITDA for the quarter stood at ₹845 million (₹84.5 crore), a 24.8% increase compared to ₹677 million (₹67.7 crore) in Q3 FY25. The EBITDA margin was 27.2% and the PAT margin was 22.5% for Q3 FY26.For the nine-month period ended December 31, 2025, revenue from operations increased by 29.0% to ₹8,438 million (₹843.8 crore) from ₹6,540 million (₹654.0 crore) in the corresponding period of FY25. PAT for the nine months surged by 36.8% to ₹1,932 million (₹193.2 crore) from ₹1,412 million (₹141.2 crore). EBITDA for the nine-month period was ₹2,396 million (₹239.6 crore), a 36.0% increase year-on-year. The EBITDA margin for 9M FY26 was 28.4% and the PAT margin was 22.6%.The company highlighted key developments including the commercialization of its 100% 'Made in India' shell line with a capacity of 360,000 shells per year, achieving near 100% automation. Balu Forge was also inducted into the NATO supply chain for manufacturing artillery shell bodies and mission-critical components, showcasing its advanced closed-die forging technology and precision multi-axis CNC machining capabilities. Furthermore, the company operationalized its highest precision machining line featuring 7-Axis and 11-Axis CNC machines, capable of handling parts up to 2.5 meters, enhancing capabilities for critical sectors like aerospace and defence. The company also clarified that the Income Tax Department's search at its premises concluded with full cooperation, and no material adverse impact is foreseen.
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