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Balu Forge Industrie - Quaterly Results

11 Aug 2023 Evaluate
The Revenue for the quarter ended  June 2023 of Rs. 696.25 millions grew by 23.17 % from Rs. 565.27 millions.A comparatively good net profit growth of 34.55% to Rs. 103.09 millions was reported for the quarter ended June 2023 compared to Rs. 76.62 millions of previous same quarter.The company reported a good operating profit of 154.97 millions compared to 110.82 millions of corresponding previous quarter.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202306 202206 % Var 202306 202206 % Var 202303 202203 % Var
Sales 696.25 565.27 23.17 696.25 565.27 23.17 2690.58 2850.58 -5.61
Other Income 1.44 30.09 -95.21 1.44 30.09 -95.21 128.07 85.26 50.21
PBIDT 154.97 110.82 39.84 154.97 110.82 39.84 553.19 461.67 19.82
Interest 24.69 16.35 51.01 24.69 16.35 51.01 11.94 52.29 -77.17
PBDT 130.28 94.47 37.91 130.28 94.47 37.91 541.25 407.33 32.88
Depreciation 3.23 2.85 13.33 3.23 2.85 13.33 104.78 10.54 894.12
PBT 127.05 91.62 38.67 127.05 91.62 38.67 436.47 396.79 10.00
TAX 23.96 15.00 59.73 23.96 15.00 59.73 116.53 92.41 26.10
Deferred Tax -1.04 0.00 0.00 -1.04 0.00 0.00 -21.91 5.84 -475.17
PAT 103.09 76.62 34.55 103.09 76.62 34.55 319.94 304.38 5.11
Equity 833.65 833.65 0.00 833.65 833.65 0.00 833.65 823.15 1.28
PBIDTM(%) 22.26 19.60 13.53 22.26 19.60 13.53 20.56 16.20 26.95
Peers
Company Name CMP
Bharat Forge 2001.30
Ramkrishna Forgings 705.80
MM Forgings 613.25
Happy Forgings 2085.00
Balu Forge Inds. 499.35
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