Balu Forge Industries Q2 Results 2026 (FY27) investor presentation: Revenue & Margins
Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.
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Balu Forge Industries Ltd Q2 FY27 key numbers
- Revenue
- Q2 FY27 Revenue from Operations: Rs. 324.3 crore.
As stated in Balu Forge Industries Ltd's Q2 FY27 investor presentation · published 14 Nov 2026. Reported figures, not investment advice.
Based on Balu Forge Industries Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.
The short version
Q2 FY27 Revenue from Operations: Rs. 324.3 crore. Q2 FY27 EBITDA: Rs. 93.7 Cr, up 13.1% YoY.
From Balu Forge Industries Ltd's Q2 FY27 earnings-call transcript · updated 14 Nov 2026.
How did Balu Forge Industries' revenue grow in the September 2026 quarter?
- Q2 FY27 Revenue from Operations: Rs. 324.3 crore
- Year-on-year (YoY) growth for Q2 FY27 revenue: 8.3% (compared to Q2 FY26's Rs. 299.5 crore)
- H1 FY27 Revenue from Operations: Rs. 625.1 crore
- H1 FY27 YoY revenue growth: 17.3% (compared to H1 FY26's Rs. 532.7 crore)
- The company expects to deliver 25–30% revenue growth in FY27 (Management’s Message, Page 5)
- Current order book stands at Rs. 2,400 crore with Defence, Aerospace, and Railways accounting for ~50%
2 more points from Balu Forge Industries Ltd's call on revenue
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What happened to Balu Forge Industries' margins in Q2 FY27?
Q2 FY27 EBITDA: Rs. 93.7 Cr, up 13.1% YoY
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What capex is Balu Forge Industries planning?
- INR 300 Cr capex funded by USD 50 Mn FCCB for heavy forging lines including ring rolling and hydraulic press, expanding defence ammunition capacity (Page 12).
- 46-acre integrated facility at Belagavi, Karnataka expanding machining capacity to 80,000 TPA by FY27 (Page 49).
- Forging capacity to triple and empty-shell capacity to rise ~1.7x with Hattargi campus completion by FY29E (Page 24).
- Installed forging lines: 25T, 16T, 10T hammers, 8,000T press at Belagavi campus (2023-2025) adding 132,000 MT forging capacity (Page 31).
- Added advanced 7-axis, 11-axis machines, heavy-duty CNC grinding, 5-axis turnmill (2024-2026) adding 30,000 MT machining capacity (Page 31).
- Commissioned automated empty-shell line in India (2024-2025) with 360,000 shells p.a. capacity (Page 31).
2 more points from Balu Forge Industries Ltd's call on capex
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Is Balu Forge Industries raising money or cutting debt?
The company disclosed a USD 50 million Foreign Currency Convertible Bonds (FCCB) issuance in Q1 FY27 to…
Locked: what Balu Forge Industries Ltd said on fundraising
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How big is Balu Forge Industries' order book?
- Total order book as of 30th September 2026 stands at Rs. 2,400 Cr (Page 19).
- Defence, aerospace, and railways segments now constitute approximately 50% of the order book, indicating a shift towards higher-value engineering work (Page 10, 19).
- Defence & Aerospace order pipeline includes:
- 5-year MoU for large-calibre ammunition (155 mm M107 and 152 mm): 30,000+10,000 units per month; USD 315/unit; partial dispatches commenced with volumes expected beyond current capacity (Page 23).
- 152 mm artillery shells: 30,000 units; supplies start June 2026; volumes expected beyond 100,000 (Page 23).
- 155 mm ERFB BB/BT shells: 10,000 units pilot batch with monthly deliveries planned (Page 23).
2 more points from Balu Forge Industries Ltd's call on order book
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Balu Forge Industries Ltd — Quarterly revenue & net profit
Q2 FY27 figures are not in this chart yet. Latest shown: Jun 2026 (Q1 FY27). The Q2 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q1 FY27): revenue ₹301 Cr, net profit ₹66 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →More Q2 FY27 results in Industrial Products
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What Balu Forge's management said in earlier quarters
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- M Tek Copper (Q2 FY27)
Revenue (Net Sales/Income from Operations) for Q2 ended September 30, 2026: ₹92.93 crore (₹92,93,92,668) . Key results statement takeaways from M Tek Copper Ltd
- D.K. Enterprises (Q2 FY27)
Revenue from Operations (Consolidated) for the half year ended Sept 30, 2026: ₹12,437.07 Lakhs; previous year same period (Sept 30, 2025): ₹9,055.63 Lakhs…
- Uma Converter (Q2 FY27)
Revenue from operations for the half year ended September 30, 2026, was ₹21,143.06 Lakhs, compared to ₹11,971.32 Lakhs for the half year ended September 30…
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Balu Forge Industries Ltd Q2 FY27 results?
Q2 FY27 Revenue from Operations: Rs. 324.3 crore. Q2 FY27 EBITDA: Rs. 93.7 Cr, up 13.1% YoY.
What is Balu Forge Industries Ltd share price analysis?
Balu Forge Industries Ltd currently shows a neutral. The stock trades at a P/E of 24.9 with a market cap of ₹6,682 Cr. Investors should review the full earnings analysis for detailed insights.
Is Balu Forge Industries Ltd planning capital expenditure?
INR 300 Cr capex funded by USD 50 Mn FCCB for heavy forging lines including ring rolling and hydraulic press, expanding defence ammunition capacity (Page 12).
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.