Balu Forge Industries Ltd (BFIL) on Wednesday reported a 134% year-on-year rise in net profit for the December quarter, driven by robust demand for specialized engineering products and improved operating margins.
The precision engineering and manufacturing firm posted a consolidated net profit of ₹590.06 million ($7.1 million) for the third quarter of fiscal 2025, compared with ₹252.07 million a year earlier. Revenue jumped 73.9% to ₹2,557.83 million, boosted by client additions and sustained demand for high-value products.
Earnings before interest, tax, depreciation, and amortization (EBITDA) rose 106.95% to ₹677.00 million, with EBITDA margins expanding 422 basis points to 26.47%. Profit after tax (PAT) margins improved by 528 basis points to 22.24%.
“These results highlight our resilient business model and strong market positioning,” said Trimaan Chandock, Executive Director, BFIL. “As the Indian forging industry benefits from the China+1 and Europe+1 strategies, we are investing in innovation and partnerships to drive sustainable growth.”
For the nine months ended December 2024, revenue rose 64% to ₹6,539.71 million, while EBITDA more than doubled to ₹1,761.26 million.
BFIL also announced strategic initiatives, including an MoU with Swan Energy Ltd to establish a Special Purpose Vehicle (SPV) catering to the defence, aerospace, railway, and nuclear industries. The company is expanding capacity with 7-axis CNC machining technology to produce high-precision components.
