Balu Forge Q2 PAT rises 18% to ₹76.59 Cr

BALUFORGE Balu Forge Industries Limited (BALUFORGE) reported consolidated Q2FY27 net profit of ₹76.59 Cr, up 17.76% YoY and 15.89% QoQ. Revenue from operations rose 8.29% YoY and 7.86% QoQ to ₹324.34 Cr. EBITDA stood at ₹93.68 Cr, up 13.14% YoY and 10.51% QoQ. EBITDA margin expanded to 28.88% from 27.65% YoY and 28.19% in the previous quarter. The company delivered its highest-ever H1 revenue of ₹625 Cr, with PAT growing 17% to ₹143 Cr. Operating cash flow rose sharply, and the company is scaling forging and machining capacity while ramping defence dispatches. The key triggers are the 17.76% YoY rise in PAT to ₹76.59 Cr and margin expansion to 28.88%, alongside record H1 performance. This reflects sustained profitability and operating leverage in precision engineering and forgings. Peers such as Bharat Forge, Happy Forgings and Ramkrishna Forgings may face comparison on margin trends and capacity expansion. Near-term prices could react positively to the margin improvement and growth visibility. Risks include slower revenue growth, execution delays on capacity expansion, or softness in commercial vehicle and defence demand. Competitors listed: Bharat Forge, Happy Forgings, Ramkrishna Forgings. We have no financial interest in this news.