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Balu Forge Industrie - Quaterly Results

24 May 2022 Evaluate
An increase of about 89.71% to Rs. 822.87 millions in the topline was observed for the quarter ended March 2022. The topline stood at Rs. 433.75 millions during the similar quarter previous year.Net Profit witnessed a 127.79% growth almost the double from Rs. 47.89 millions to Rs. 109.09  millions  of same quarter last year.Operating profit surged to 157.25 millions from the corresponding previous quarter of 85.70 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202203 202103 % Var 202203 202103 % Var 202203 202103 % Var
Sales 822.87 433.75 89.71 2850.58 1420.85 100.62 2850.58 1420.85 100.62
Other Income 52.01 51.98 0.06 85.26 52.48 62.46 85.26 52.48 62.46
PBIDT 157.25 85.70 83.49 461.67 174.91 163.95 461.67 174.91 163.95
Interest 16.93 25.81 -34.41 52.29 66.07 -20.86 52.29 66.07 -20.86
PBDT 138.27 59.89 130.87 407.33 108.84 274.25 407.33 108.84 274.25
Depreciation 2.80 7.17 -60.95 10.54 11.45 -7.95 10.54 11.45 -7.95
PBT 135.47 52.72 156.96 396.79 97.39 307.42 396.79 97.39 307.42
TAX 26.38 4.83 446.17 92.41 21.20 335.90 92.41 21.20 335.90
Deferred Tax 2.31 -0.11 -2200.00 5.84 -1.30 -549.23 5.84 -1.30 -549.23
PAT 109.09 47.89 127.79 304.38 76.19 299.50 304.38 76.19 299.50
Equity 823.15 686.15 19.97 823.15 686.15 19.97 823.15 686.15 19.97
PBIDTM(%) 19.11 19.76 -3.28 16.20 12.31 31.56 16.20 12.31 31.56
Peers
Company Name CMP
Bharat Forge 2012.00
Ramkrishna Forgings 718.00
MM Forgings 620.45
Happy Forgings 2108.65
Balu Forge Inds. 500.85
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