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Balu Forge Industrie - Quaterly Results

24 May 2022 Evaluate
The topline for the March 2022 quarter moved up 89.71% to Rs. 822.87 millions as compared to Rs. 433.75 millions during the year-ago period.The Total revenue for the quarter ended March 2022 of  Rs. 109.09  millions  grew by 127.79% from Rs. 47.89 millions.Operating Profit saw a handsome growth to 157.25 millions from 85.70 millions in the quarter ended March 2022.


(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 2001.00
Ramkrishna Forgings 707.40
MM Forgings 610.20
Happy Forgings 2091.05
Balu Forge Inds. 499.45
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