Balu Forge posts 28.19% operating margin, 13.83 points above peer median
Consolidated Q1FY27 profit included Rs 3.86 cr of other income, with the results filed after market close.
Filed 12 Aug 2026, 20:34 IST · after market close · Balu Forge Industries Ltd (BALUFORGE)
Key takeaways
- Balu Forge’s consolidated operating margin of 28.19% was 13.83 percentage points above the 14.36% median for 125 reported Industrials peers.
- Interest of Rs 4.60 cr and depreciation of Rs 3.31 cr reduced operating profit before tax, while other income added Rs 3.86 cr.
- The consolidated results were filed after market close on 12 Aug 2026, so no immediate market reaction was part of the quarter’s picture.
Price around the results
Operating margin was well above the Industrials peer set
Balu Forge reported a consolidated operating margin of 28.19%, 13.83 percentage points above the 14.36% median among 125 Industrials companies that had reported the quarter. This places the company’s operating profitability materially above the sector comparison available for Q1FY27.
Interest and depreciation narrowed the operating-to-pre-tax bridge
Operating profit of Rs 84.77 cr was reduced by Rs 4.60 cr of interest and Rs 3.31 cr of depreciation before reaching pre-tax profit of Rs 80.73 cr. Other income of Rs 3.86 cr partly offset those charges. The 18.13% tax rate took reported net profit to Rs 66.09 cr.
Results came after the market closed
The company filed its consolidated Q1FY27 results at 20:34 IST on 12 Aug 2026, after market close. A market reaction was therefore not yet part of the results picture.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹301 cr |
| Other income | ₹4 cr |
| Expenses | ₹216 cr |
| Operating profit | ₹85 cr |
| Operating margin (%) | 28.19% |
| Interest | ₹5 cr |
| Depreciation | ₹3 cr |
| Profit before tax | ₹81 cr |
| Tax | ₹15 cr |
| Net profit | ₹66 cr |
| EPS (₹) | ₹5.49 |
Operating margin of 28.19% compares with a Industrials sector median of 14.36% across 125 peers that have reported Q1FY27.
What to watch
- Whether consolidated operating margin holds above 28.19%.
- Whether interest remains below Rs 4.60 cr as operating profit changes.
- Whether the tax rate stays near 18.13% without a larger gap between pre-tax profit and net profit.