Balu Forge Industries Limited has informed the Exchange about Earnings Release for the Quarter and year ended March 31, 2026.
BALUFORGE · price
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Balu Forge Industries reported FY26 revenue of Rs. 11,074 million, up 19.9% YoY, with EBITDA of Rs. 2,995 million (27.0% margin) and PAT of Rs. 2,589 million (22.7% margin). PAT grew 27% YoY, exceeding the 25% growth threshold. Q4 FY26 saw sequential decline due to Middle East geopolitical disruptions impacting India-UAE operations, with revenue at Rs. 2,636 million, EBITDA margin compressing to 22.7% from 27.8% in Q4 FY25. Working capital days increased (inventory 47 to 63, receivables 60 to 71) due to temporary volume disruptions. The company entered a 5-year MoU for large calibre ammunition supply and secured its maiden aerospace order from Alpha Aircraft Systems Inc., USA. Cash flow from operations remained positive at Rs. 317 million.
Strong full-year performance with 27% PAT growth demonstrates operational strength despite Q4 headwinds from geopolitical disruptions. Entry into NATO supply chain and aerospace segments positions the company for higher-value revenue mix, though near-term volatility from working capital pressures and geopolitical uncertainty may weigh on near-term sentiment.