Balu Forge Board Approves USD 60 Million FCCB Fund Raise

Q1 FY27 Consolidated Results YoY: Revenue at 301 Cr vs 233 Cr, up 28.9%. EBITDA at 88.6 Cr vs 74.0 Cr, up 19.8%. EBITDA Margin at 29.5% vs 31.7%, contraction of 220bps; other expenses grew 46.0% vs revenue growth of 28.9%. PAT at 66.1 Cr vs 57.0 Cr, up 15.9%. The Board approved raising up to USD 60 million through FCCBs and increasing borrowing limits to 1,000 Cr, secured against company assets, subject to shareholder approval. Auditors highlighted a related-party property purchase of 22.5 Cr with 9.6 Cr advance, overdue export receivables of 5.2 Cr, and ongoing Income Tax Department block assessment proceedings.