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Balu Forge Industries Limited Q2 FY26 results press release summary

NSE: BALUFORGE · BSE: 531112

Results press release of 14 Nov 2025, summarised by AI from the filing.

Balu Forge Q2 FY26 revenue ₹2,995 Mn, up 34.4% YoY; PAT ₹650 Mn, up 35.5% YoY.

Key takeaways

  1. Q2 revenue Revenue from Operations ₹2,995 Mn, up 34.4% YoY.
  2. Q2 PAT PAT ₹650 Mn, up 35.5% YoY.
  3. H1 revenue H1 FY26 Revenue from Operations ₹5,327 Mn, up 33.8% over H1 FY25.
  4. Hattargi facility Greenfield facility advancing as planned; commissioning of forging hammer, press and machining lines on schedule.
  5. Defence line Empty Shell production line with capacity of 360,000 shells per year in commercialization phase.

Original filing on BSE

Balu Forge Industries Limited Q1 FY27 results

As filed: Revenue ₹301 cr (+29% year on year), EBITDA ₹84.8 cr (+18% year on year), PAT ₹66.1 cr (+16% year on year), EBITDA margin 28.2% (−271 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹264 cr (−2% year on year), EBITDA ₹59.9 cr (−20% year on year), PAT ₹65.7 cr (+4% year on year), EBITDA margin 22.7% (−504 bps). Score 2 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 504 bps year on year. Other income 31% of PBT. Tax rate 13%. Revenue fell 15% from last quarter. Share price after the results: −4.2% in 30 days (Nifty 500: +1.5%).
  • Q3 FY26: Revenue ₹311 cr (+22% year on year), EBITDA ₹84.5 cr (+26% year on year), PAT ₹71.1 cr (+20% year on year), EBITDA margin 27.2% (+100 bps). Score 65 of 100, In line with trend. EBITDA margin rose 100 bps year on year. Tax rate 12%. Not enough history for a trend yet: scored on growth alone. Share price after the results: −9.9% in 29 days (Nifty 500: −9.6%).
  • Q2 FY26: Revenue ₹300 cr (+35% year on year), EBITDA ₹83.0 cr (+28% year on year), PAT ₹65.0 cr (+35% year on year), EBITDA margin 27.7% (−148 bps). Score 72 of 100, Above trend. EBITDA margin fell 148 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: +2.3% in 28 days (Nifty 500: −0.5%).
  • Q1 FY26: Revenue ₹233 cr (+33% year on year), EBITDA ₹72.0 cr (+64% year on year), PAT ₹57.0 cr (+68% year on year), EBITDA margin 30.9% (+576 bps). Score 85 of 100, Above trend. EBITDA margin rose 576 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 14% from last quarter. Share price after the results: +8.0% in 29 days (Nifty 500: +0.6%).
  • Q4 FY25: Revenue ₹270 cr (+68% year on year), EBITDA ₹75.0 cr (+108% year on year), PAT ₹63.0 cr (+125% year on year), EBITDA margin 27.8% (+542 bps). Score 96 of 100, Above trend. EBITDA margin rose 542 bps year on year. Tax rate 15%. Not enough history for a trend yet: scored on growth alone. Share price after the results: +9.3% in 30 days (Nifty 500: +1.8%).
  • Q3 FY25: Revenue ₹256 cr, EBITDA ₹67.0 cr, PAT ₹59.0 cr, EBITDA margin 26.2%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹256 cr). Scored once a year-earlier consolidated quarter exists.
  • Q2 FY25: Revenue ₹223 cr, EBITDA ₹65.0 cr, PAT ₹48.0 cr, EBITDA margin 29.2%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹223 cr). Scored once a year-earlier consolidated quarter exists.

Past price moves after results do not indicate future moves. Not a recommendation.

Balu Forge Industries Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.