Castings & Forgings company Balu Forge Industries announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue from Operations: Rs 270 crore vs. Rs 161 crore in Q4FY24 — up 67.3% Gross Profit: Rs 95 crore vs. Rs 55 crore in Q4FY24 — up 74.8% Gross Margin: 35.4% vs. 33.9% in Q4FY24 — improvement of 152 bps EBITDA: Rs 75 crore vs. Rs 34 crore in Q4FY24 — up 118.1% EBITDA Margin: 27.8% vs. 21.3% in Q4FY24 — improvement of 647 bps PAT: Rs 63 crore vs. Rs 28 crore in Q4FY24 — up 123.1% PAT Margin: 22.9% vs. 17.0% in Q4FY24 — improvement of 590 bps FY25 Financial Highlights: Cash Flow from Operations of Rs 148 crore in FY25, a sharp increase of 566% compared to FY24, underpinned by improved EBITDA and collection of receivables Revenue from Operations: Rs 924 crore vs. Rs 560 crore in FY24 — up 65.0% Gross Profit: Rs 321 crore vs. Rs 184 crore in FY24 — up 74.9% EBITDA: Rs 251 crore vs. Rs 119 crore in FY24 — up 110.8% PAT: Rs 204 crore vs. Rs 93 crore in FY24 — up 118.0% Total Debt of Rs 36 crore, Cash and Equivalents of Rs 96 crore and Net Cash of Rs 60 crore Total Debt / Equity reduced to 0.03x as of FY25, down from 0.09x in FY24, reflecting ongoing deleveraging and maintaining its capital structure for future growth initiatives Working capital days improved significantly to 104 days in FY25 compared to 129 days in FY24 Return on Capital Employed (ROCE) improved to 30.1%, as a result of higher asset utilization, operational efficiencies and greater value-added product sales Commenting on the performance, Trimaan Chandock, Executive Director of BFIL stated: “We are pleased to announce a strong performance for both Q4 and the full fiscal year FY25. Our Revenue from Operations for FY25 reached Rs 924 crore, marking the highest revenue in the Company’s history. This reflects the strong growth of 65.0% compared to revenues of Rs 560 crore in FY24. In Q4FY25, we delivered revenues of Rs 270 crore, driven by steady demand in our core business, along with significant contributions from emerging sectors such as defence, aerospace, and railways. For the full year, our EBITDA grew by 110.8% to Rs 251 crore, leading to a significant improvement in margins and Profit After Tax accelerated to Rs 204 crore. further reflecting our operational efficiency and strong execution. This performance underscores our ability to scale operations, leverage manufacturing capabilities and diversify successfully across industries. In FY25, we made significant Capex in expanding our manufacturing capabilities and upgrading our technology to better serve critical sectors such as defence, aerospace, and railways. These strategic initiatives are set to be fully commissioned in the first half of FY26 and are poised to deliver significant results in the coming years, positioning us to capitalize on emerging growth opportunities. Looking ahead, we remain optimistic about the growth prospects for FY26. Our order book is growing, diversified and high quality with the Company well-positioned to capture further opportunities in high value, high margin sectoRs Our focus on innovation, technological upgrades, and expanding our talented team of engineering professionals will continue to be the driving force behind our long-term growth. We are confident that our ongoing investments in technology and capacity will further strengthen BFIL’s position as a leading player in the precision machining industry.” Result PDF