| Metric | Value (₹ Cr) | Q1 FY26 |
|---|---|---|
| Revenue | 300.71 | 28.9% |
| Total Income | 304.58 | 29.7% |
| Expenditure | 223.85 | 35.8% |
| PBT | 80.73 | 15.3% |
| Net Profit | 66.09 | 15.9% |
| OPM | 28.19% | 2.80pp |
| NPM | 21.70% | 2.58pp |
| EPS | 5.49 | 8.9% |
Revenue grew a strong 29% YoY but OPM (30.99%→28.19%) and NPM (24.28%→21.70%) compressed meaningfully, capping adjusted PAT growth to 15.9% despite the healthy top line.
Balu Forge Secures Multi-Month Contract for 155mm Shells
17 Aug 2026 · 17 Aug, 9:02 am
Summary
Balu Forge Industries Ltd announced a significant milestone with the commercialisation and receipt of a purchase order for 155 mm ERFB BB/BT shells, marking a key step in defence indigenisation. Following a pilot supply, the company will begin monthly deliveries, showcasing its advanced forging and machining capabilities. BFIL has also secured NATO certification and launched mass production of standard projectiles at its new facility, further strengthening its position in the global defence supply chain with a focus on next-generation artillery.
Key Highlights
- 1
Balu Forge Industries Ltd has announced the successful commercialisation and receipt of the first purchase order for 155 mm Extended Range Full Bore – Base Bleed (ERFB BB) & Extended Range Full Bore - Boat Tail (ERFB BT) shells from an Indian ammunition player.
- 2
The company will commence monthly supplies with mutually agreed quantities following a pilot supply of 10,000 units.
- 3
This milestone positions Balu Forge Industries Ltd as one of the first private entities to successfully commercialise this advanced ammunition variant, a significant step in the indigenisation of critical defence technologies.
- 4
The successful commercialisation of the ERFB BB/BT shells validates BFIL’s state-of-the-art forging and machining capabilities.
- 5
Balu Forge Industries Ltd has recently secured NATO certification and successfully launched mass production of standard 152 mm and 155 mm M107 projectiles in a 'Ready to Fill' state at its new automated Belgaum facility.
- 6
The company is expanding its manufacturing capabilities to include sophisticated, long-range munitions, specifically the 155 mm ERFB BB and BT variants, and is moving up the value chain towards fully integrated, high-performance tactical solutions.
Informational and educational content only. Not investment advice.