Balu Forge Industries Announces Financial Results for FY26, Highlights Growth in Defense and Aerospace Segments

Balu Forge Industries Announces Financial Results for FY26, Highlights Growth in Defense and Aerospace Segments​

Balu Forge Industries Limited, a leading precision engineering and manufacturing company, announced its audited financial results for the quarter and full year ended March 31, 2026.

The company reported robust financial performance for FY26, driven by expansion and strong execution across its manufacturing platform.

Consolidated Financial Performance Review​

The consolidated financial results presented significant year-on-year growth. For the full fiscal year 2026, the company recorded key figures detailed in the following table:


For the full year 2026, the company reported a Revenue from Operations of Rs. 11,074 Mn, an EBITDA of Rs. 2,995 Mn, and a PAT of Rs. 2,589 Mn. The EBITDA margin for the year stood at 27.0%, and the PAT margin was 22.7%.

Management Commentary and Growth Drivers​

Mr. Jaspal Singh Chandock, Chairman and Managing Director of Balu Forge Industries, commented on the performance, noting that the financial results for FY26 were supported by continued execution and increasing scale across the company's manufacturing platform.

During the quarter ending March 31, 2026, Revenue from Operations reached Rs. 2,636 million, while EBITDA was Rs. 599 million and PAT was Rs. 657 million. The management attributed the sequential moderation in volumes during the quarter to geopolitical developments in the Middle East, impacting India-UAE operations. However, the increasing contribution from high value engineering segments helped moderate the impact on margins.

The company announced significant steps toward expanding its global defense and aerospace presence. Highlights include:

• Defense: Entering into a five-year Memorandum of Understanding (MOU) for the supply of large calibre ammunition from its greenfield manufacturing campus in Belgaum, Karnataka, following induction into the NATO supply chain.
• Aerospace: Securing its maiden aerospace order from Alpha Aircraft Systems Inc., USA, for precision engineered components.

Balu Forge plans to expand its manufacturing capacities through internal accruals, aligning with its strategy of strengthening capabilities in the large calibre ammunition and global aerospace supply chains.

Operational Scope​

Balu Forge Industries Limited, founded by Mr. Prehlad Singh Chandock, is a major Indian precision engineering company. It supplies forged and machined components to multiple global industries, including automotive, oil and gas, defense, aerospace, wind energy, railways, marine, and agriculture.

The company maintains fully integrated forging and machining capabilities at its advanced manufacturing facilities in Belgaum, Karnataka, spread over a 46+ acre campus. The operations are supported by high-capacity hydraulic hammers, forging presses, an inhouse tool room, metallurgical labs, and CNC machining units, ensuring consistent quality and precision across its diverse product portfolio.

BALUFORGE Stock Price Movement​

On Friday, Balu Forge Industries Limited shares slipped by 4.83% to settle at ₹475.9. The stock saw substantial activity, trading on a volume of 1.91 million shares.