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Balu Forge Industrie - Quaterly Results

31 Oct 2023 Evaluate
The topline for the September 2023 quarter moved up 85.07% to Rs. 1020.30 millions as compared to Rs. 551.30 millions during the year-ago period.Net Profit for the quarter ended September 2023 zoomed to 292.42% from Rs. 44.43 millions to Rs. 174.35  millions.The company reported a good operating profit of 282.12 millions compared to 98.44 millions of corresponding previous quarter.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202309 202209 % Var 202309 202209 % Var 202303 202203 % Var
Sales 1020.30 551.30 85.07 1716.55 1116.57 53.73 2690.58 2850.58 -5.61
Other Income 41.45 64.03 -35.26 42.89 94.12 -54.43 128.07 85.26 50.21
PBIDT 282.12 98.44 186.59 437.09 209.26 108.87 553.19 461.67 19.82
Interest 37.62 25.92 45.14 62.31 42.27 47.41 104.78 52.29 100.38
PBDT 244.50 72.52 237.15 374.78 166.99 124.43 448.41 407.33 10.09
Depreciation 3.23 2.90 11.38 6.46 5.75 12.35 11.94 10.54 13.28
PBT 241.27 69.62 246.55 368.32 161.24 128.43 436.47 396.79 10.00
TAX 66.92 25.19 165.66 90.88 40.19 126.13 116.53 92.41 26.10
Deferred Tax -1.59 0.19 -936.84 -2.63 0.19 -1484.21 -21.91 5.84 -475.17
PAT 174.35 44.43 292.42 277.44 121.05 129.19 319.94 304.38 5.11
Equity 1000.92 833.65 20.06 1000.92 833.65 20.06 833.65 823.15 1.28
PBIDTM(%) 27.65 17.86 54.85 25.46 18.74 35.87 20.56 16.20 26.95
Peers
Company Name CMP
Bharat Forge 2019.60
Ramkrishna Forgings 716.80
MM Forgings 619.55
Happy Forgings 2098.70
Balu Forge Inds. 499.95
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