Balu Forge Industries Ltd

Balu Forge Industries (BFIL) announced the receipt of a significant order in the large-calibre ammunition segment. The company has secured an initial contract to supply 30,000 units of 152 mm artillery shells to a major Indian energetics player. This partnership marks a critical milestone in BFIL's expanding footprint within the domestic defence sector. Supplies for this strategic order are scheduled to commence in June 2026. This initial contract lays the groundwork for a robust, long-term collaboration. The order volume is projected to scale up to over 100,000 shells with additional variants, reflecting the strong demand and confidence in BFIL's manufacturing capabilities. Furthermore, the agreement outlines the integration of additional ammunition variants into the production pipeline in due course, allowing the company to comprehensively cater to evolving artillery requirements. The execution of this order will be driven by BFIL's 100% indigenously built, fully automated empty shell production line located at its greenfield facility in Belgaum, Karnataka. Powered by advanced robotics, this unmanned forging line delivers unprecedented precision, speed, and efficiency.

Net profit of Balu Forge Industries rose 4.87% to Rs 65.74 crore in the quarter ended March 2026 as against Rs 62.69 crore during the previous quarter ended March 2025. Sales declined 2.26% to Rs 263.55 crore in the quarter ended March 2026 as against Rs 269.65 crore during the previous quarter ended March 2025. For the full year,net profit rose 26.99% to Rs 258.89 crore in the year ended March 2026 as against Rs 203.86 crore during the previous year ended March 2025. Sales rose 19.89% to Rs 1107.37 crore in the year ended March 2026 as against Rs 923.62 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales263.55269.65 -2 1107.37923.62 20 OPM %22.7427.81 -27.0527.19 - PBDT78.6174.94 5 316.00257.29 23 PBT75.4274.06 2 306.05253.94 21 NP65.7462.69 5 258.89203.86 27 Powered by Capital Market - Live

Balu Forge Industries will hold a meeting of the Board of Directors of the Company on 30 May 2026.

The company stated that this order marks BFIL's official foray into the global aerospace industry, a sector characterized by stringent quality controls, complex metallurgy, and high-precision manufacturing requirements. 'With the purchase order in place and the tooling successfully paid for as of today, the company is on track to initiate production and meet the rigorous delivery timelines expected in the aviation industry,' BFIL said in a statement. Balu Forge Industries is a leading Indian precision engineering company delivering forged and machined components across multiple global industries. The company offers a comprehensive product portfolio, which supports diverse applications in automotive, industrial vehicles, earthmoving equipment, wind energy, aerospace, defence, oil and gas, railways, marine, and agriculture. The company's consolidated net profit rose 20.47% to Rs 71.09 crore on a 21.63% increase in revenue to Rs 311.11 crore in Q4 FY26 over Q4 FY25. Powered by Capital Market - Live

Balu Forge Industries announced the resignation of Ashok Todkari, the Chief Financial Officer (CFO) of the company. He is transitioning into a wider strategic leadership role befitting his extensive experience within the company.

Balu Forge Industries announced a significant strategic breakthrough with its maiden entry into the highly critical and technically demanding aerospace sector. The company has officially received its first commercial purchase order for the supply of precision engineered components to Alpha Aircraft Systems Inc, a prominent entity based in the United States. As a testament to the accelerated execution and commitment of both parties, BFIL confirms that the advance for this project was successfully received on May 25, 2026. This solidifies the commencement of the development and manufacturing phase for this prestigious aerospace project.

The agreement marks the next phase of the company's expansion into the defence consumables segment following its onboarding into the NATO supply chain and commercialisation of its empty shell production line. The MoU has been signed with a NATO-affiliated entity, though the end user's name has not been disclosed due to confidentiality and the sensitive nature of the supplies. Under the agreement, Balu Forge will supply 30,000 units per month of 155 mm M107 shells and 10,000 units per month of 152 mm shells in 'Ready to Fill' condition, for a period of five years starting 25 February 2026. Supplies are scheduled to commence from April 2026 and will be ramped up in a phased manner. The contract also covers the broader large-calibre ammunition category, including 155 mm ERFB/BT and 152 mm variants, with potential expansion to 105 mm, 120 mm and 81 mm shells at a later stage, subject to trials and approvals. The agreed price is $315 per unit for both 155 mm M107 and 152 mm shells, indexed to the London Metal Exchange to account for fluctuations in raw material prices. The terms are on an FOB Nhava Sheva basis. Payment terms include 20% advance, with the balance payable through an irrevocable letter of credit within 30 days from invoice issuance. The committed volumes exceed the company's current installed capacity of 360,000 units per annum. However, Balu Forge said it has plans in place to enhance production capacity through internal accruals to meet the order requirements. The company stated that the agreement aligns with its strategy to build a strong presence in the defence consumables space, beginning with large-calibre ammunition and gradually expanding into medium- and small-calibre segments. Balu Forge Industries is a precision engineering company delivering forged and machined components across multiple global industries. The company offers a comprehensive product portfolio, supporting diverse applications in automotive, industrial vehicles, earthmoving equipment, wind energy, aerospace, defence, oil and gas, railways, marine, and agriculture. The company's consolidated net profit jumped 20.5% to Rs 71.09 crore on 21.6% increase in revenue from operations to Rs 311.11 crore in Q3 FY26 over Q3 FY25. Powered by Capital Market - Live

Balu Forge Industries has entered into a memorandum of understanding with a NATO affiliated entity for the supply of empty shells from the Company's greenfield manufacturing campus in Belgaum, Karnataka. This is the next phase of our journey post the onboarding onto the NATO supply chain & commercialisation of our empty shell line, said the company. The said agreement covers the complete large caliber ammunition category starting with 155 mm M107, 152 mm & 155 mm ERFB/BT variants & will be extended to 105 mm, 120 mm, 81 mm amongst others. Product details: 155 mm M107: 30,000 units per month in 'Ready to Fill' condition for a period of 5 years 152 mm: 10,000 units per month in 'Ready to Fill' condition for a period of 5 years Pricing details: 155 mm M107: USD 315 per unit 152 mm: USD 315 per unit Powered by Capital Market - Live

Net profit of Balu Forge Industries rose 20.47% to Rs 71.09 crore in the quarter ended December 2025 as against Rs 59.01 crore during the previous quarter ended December 2024. Sales rose 21.63% to Rs 311.11 crore in the quarter ended December 2025 as against Rs 255.78 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales311.11255.78 22 OPM %27.1726.47 - PBDT83.5975.01 11 PBT80.6774.16 9 NP71.0959.01 20 Powered by Capital Market - Live

Balu Forge Industries will hold a meeting of the Board of Directors of the Company on 12 February 2026.Powered by Capital Market - Live