Balu Forge Industries just secured major multi‑month defence

Balu Forge Industries has just secured a major multi‑month defence contract for 155mm ERFB BB/BT shells, while also reporting strong Q2 FY27 financial results with revenue of ₹17,778.17 crore and PAT of ₹3,778.99 crore. The company is expanding aggressively into aerospace and defence manufacturing, backed by new US orders and Indian Army artillery upgrades. 🔑 Latest Developments in Balu Forge (August 2026) 1. Defence Contract Win Date: 17 August 2026 Contract: Multi‑month supply of 155mm ERFB BB (Base Bleed) & BT (Boat Tail) shells. Initial Supply: 10,000 units (pilot order), followed by monthly deliveries. Significance: First private Indian company to successfully commercialise this advanced ammunition. Strengthens India’s indigenisation of critical defence technologies. Supports artillery systems like Dhanush (38 km range) and ATAGS (52‑caliber, extended range). 2. Financial Results – Q2 FY27 Revenue: ₹17,778.17 crore PAT (Net Profit): ₹3,778.99 crore Growth Drivers: Aerospace and defence manufacturing expansion. New US aerospace orders. Increased artillery shell production. Board Decisions: Approved raising USD 60 million via FCCBs. Increased borrowing limits to ₹1,000 crore. Scheduled EGM on 4 September 2026 for shareholder approval. 3. Stock Market & Earnings Highlights Q2 FY26 (Sep 25 quarter): Total Income: ₹299.51 crore (+28.44% QoQ). Operating Profit: ₹80.66 crore. PAT: ₹65.04 crore (+14.04% QoQ). Operating Margin: 26.93%. Stock Trend: NSE price around ₹555.40–614.55 in August 2026. Bullish momentum over last 6 months. 📊 Quick Snapshot Aspect Key Details Defence Contract 155mm ERFB BB/BT shells, multi‑month supply Initial Order 10,000 units Financials Q2 FY27 Revenue ₹17,778.17 Cr, PAT ₹3,778.99 Cr Borrowing & Capital FCCB issue USD 60M, borrowing limit ₹1,000 Cr Upcoming Event EGM on 4 Sept 2026 Stock Trend Bullish, trading ₹555–614 range Strategic Focus Aerospace & Defence expansion, US orders