• PAT of Rs. 1,932 Mn in Q3 FY26, up by 36.8% YoY

Mumbai : Balu Forge Industries Ltd. (the “Company” or “BFIL”) (BSE: 531112 | NSE: BALUFORGE), a leading precision engineering and manufacturing company, has announced its unaudited financial results for the quarter and nine months ended 31st December 2025.

Consolidated Financial Performance:

Rs. MnQ3 FY26Q3 FY25Y-o-YQ2 FY26Q-o-Q9M FY269M FY25Y-o-Y
(%)(%)
Revenue from Operations3,1112,55829.00%2,9953.90%8,4386,54029.00%
EBITDA84567724.80%8282.10%2,3961,76136.00%
EBITDA       Margin%27.20%26.50% 27.60% 28.40%26.90% 
PAT71159020.50%6509.40%1,9321,41236.80%
PAT Margin%22.50%22.20% 21.50% 22.60%21.20% 
EPS (Rs.)6.45.516.40%6.085.30%1713.534.70%

Commenting on the performance, Mr. Jaspal Singh Chandock, Chairman & Managing Director of BFIL stated:”In 9M FY26, the Company reported revenue from operations of Rs. 8,438 million, representing a year-on-year growth of 29.0%, driven by sustained demand momentum. EBITDA for the quarter was Rs. 2,396 million, with a year-on-year growth of 36.1%, with a margin of 28.4%, reflecting stable cost structures and operating leverage benefits, while profit after tax was Rs. 1,932 million, translating into a PAT margin of 22.6%. The performance underscores disciplined execution, margin resilience, and the ongoing strengthening of Balu Forge’s integrated manufacturing platform.

During the quarter, we successfully operationalised a set of high-impact strategic assets that position the Company for sustained growth over the next decade. Our newly commissioned precision machining facility has now been fully commercialised, equipped with advanced 7-Axis and 11-Axis CNC machining lines. This capability enables us to manufacture highly complex components from specialised alloys with micron-level accuracy, decisively moving Balu Forge up the value chain and strengthening our role in mission-critical applications.

In parallel, we have commercialised our dedicated artillery shell production line, with a specific focus on the high-demand 155mm large calibre. This represents a significant milestone in our defence manufacturing journey and reinforces our commitment to the Atmanirbhar Bharat vision by building indigenous capabilities in a strategically critical segment.

These operational achievements have already translated into meaningful external validation. During the quarter, Balu Forge was formally inducted into the NATO Supply Chain, an endorsement that reflects our adherence to the highest global quality, compliance, and reliability standards, and one that opens access to some of the world’s most demanding defence markets.

This external recognition, along with the Company’s requisite manufacturing infrastructure and operational capability, reinforces our position to support long-term supply programs and maintain the capacity to service engagements for up to five years. With advanced precision machining facilities and production lines, Balu Forge is well equipped to meet both current and future demands efficiently.

In summary, Q3 was the quarter in which our strategic investments were converted into operational assets, global credentials, and expansion initiatives. With these foundations firmly in place, Balu Forge is now positioned on a trajectory of scalable and sustainable growth in defence and other critical segments”