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Balu Forge Industrie - Quaterly Results

09 May 2023 Evaluate
The quarter ended March 2023 witnessed marginal change in the total revenue. The figure for the mentioned quarter is pegged at Rs. 834.96 millions.A humble growth in net profit of 6.22% reported in the quarter ended March 2023 to Rs. 115.88  millions from Rs. 109.09 millions.OP of the company witnessed a marginal growth to 174.21 millions from 157.25 millions in the same quarter last year.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 834.96 822.87 1.47 2690.58 2850.58 -5.61 2690.58 2850.58 -5.61
Other Income 1.84 52.01 -96.46 128.07 85.26 50.21 128.07 85.26 50.21
PBIDT 174.21 157.25 10.79 553.19 461.67 19.82 553.19 461.67 19.82
Interest 3.03 16.93 -82.10 11.94 52.29 -77.17 11.94 52.29 -77.17
PBDT 171.18 138.27 23.80 541.25 407.33 32.88 541.25 407.33 32.88
Depreciation 35.02 2.80 1150.71 104.78 10.54 894.12 104.78 10.54 894.12
PBT 136.16 135.47 0.51 436.47 396.79 10.00 436.47 396.79 10.00
TAX 20.28 26.38 -23.12 116.53 92.41 26.10 116.53 92.41 26.10
Deferred Tax -22.21 2.31 -1061.47 -21.91 5.84 -475.17 -21.91 5.84 -475.17
PAT 115.88 109.09 6.22 319.94 304.38 5.11 319.94 304.38 5.11
Equity 833.65 823.15 1.28 833.65 823.15 1.28 833.65 823.15 1.28
PBIDTM(%) 20.86 19.11 9.18 20.56 16.20 26.95 20.56 16.20 26.95
Peers
Company Name CMP
Bharat Forge 2002.80
Ramkrishna Forgings 708.10
MM Forgings 613.15
Happy Forgings 2085.00
Balu Forge Inds. 499.85
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