* Balu Forge Industries Limited announced robust financial results for the quarter and half year ended September 30, 2025. * For Q2 FY26, Revenue from Operations increased by 34.4% year-on-year to ₹2,995 million (₹299.5 crore). EBITDA stood at ₹828 million (₹82.8 crore) with a margin of 27.6%, and Profit After Tax (PAT) was ₹650 million (₹65.0 crore), reflecting a 21.5% margin. * For H1 FY26, Revenue from Operations grew by 33.8% over H1 FY25 to ₹5,327 million (₹532.7 crore). EBITDA reached ₹1,551 million (₹155.1 crore) with a 29.1% margin, and PAT was ₹1,221 million (₹122.1 crore), achieving a 22.7% margin. * Mr. Jaspal Singh Chandock, Chairman & Managing Director, highlighted that this performance reflects steady execution and the continued strengthening of Balu Forge’s integrated manufacturing platform. * The greenfield facility at Hattargi, Karnataka, is progressing as planned, with the commissioning of the 25-ton closed-die forging hammer, 8,000-ton mechanical press, and automated machining lines on schedule. Upon full operation, total forging capacity will increase to 150,000 tons per year and machining capacity to 80,000 tons per year. * The defence division remains a key focus, with the dedicated forging and machining line for Empty Shell production (capacity: 360,000 shells per year) in the commercialization phase. The company has secured vendor approvals from leading Indian defence players. * Balu Forge is positioned to drive the next phase of growth through scale, technology, and customer diversification. * The company maintains its revenue growth guidance for FY26 in the range of 40-45%, driven by strategic capacity expansions and increased penetration into high-demand industries.
