Balu Forge Industries Limited has informed the Exchange about Earnings Release For The Quarter And Nine Months Ended December 31, 2025.
BALUFORGE · price
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Balu Forge reported strong Q3 FY26 results with revenue from operations of Rs. 3,111 million, up 21.6% year-on-year and 3.9% sequentially. EBITDA grew 24.8% YoY to Rs. 845 million with margins expanding to 27.2%, while profit after tax rose 20.5% to Rs. 711 million. For the nine-month period, revenue grew 29% YoY to Rs. 8,438 million, EBITDA rose 36% to Rs. 2,396 million (28.4% margin, up from 26.9%), and PAT jumped 36.8% to Rs. 1,932 million (22.6% margin). Key milestones include commercialization of its 'Made in India' empty shell production line (360,000 shells/year capacity), induction into the NATO supply chain, and operationalization of 7-axis and 11-axis precision machining lines at the new Belgaum facility. ICRA upgraded its credit rating to A-(Stable)/A2+, and management guided gross block to Rs. 750-800 crore by FY27 with machining capacity reaching 80,000 TPA. The company also clarified that an Income Tax search at its premises is not expected to have any material adverse impact.
Strong revenue and margin expansion in 9M FY26, along with the NATO supply chain induction and defence shell line commercialization, reinforce the company's growth visibility in high-margin defence and aerospace segments. The credit rating upgrade and low-leverage balance sheet support continued capex, though investors should watch for any follow-up developments from the Income Tax search.