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Balu Forge Industrie - Quaterly Results

14 May 2024 Evaluate
The sales surged to Rs. 1125.47 millions, up 34.79% for the March 2024 quarter as against Rs. 834.96 millions during the corresponding quarter previous year.Net profit surges 78.84% to Rs. 207.22  millions  from Rs. 115.87 millions in the quarter ended March 2024.Operating profit for the quarter ended March 2024 rose to 310.52 millions as compared to 174.21 millions of corresponding quarter ended March 2023.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 1125.47 834.96 34.79 3880.83 2690.58 44.24 3880.83 2690.58 44.24
Other Income 44.79 1.84 2334.24 106.27 128.07 -17.02 106.27 128.07 -17.02
PBIDT 310.52 174.21 78.24 1024.14 553.19 85.13 1024.14 553.19 85.13
Interest 35.20 35.02 0.51 136.11 104.78 29.90 136.11 104.78 29.90
PBDT 275.32 139.19 97.80 888.03 448.41 98.04 888.03 448.41 98.04
Depreciation 4.70 3.03 55.12 14.82 11.94 24.12 14.82 11.94 24.12
PBT 270.62 136.16 98.75 873.21 436.47 100.06 873.21 436.47 100.06
TAX 63.40 20.29 212.47 201.74 116.52 73.14 201.74 116.52 73.14
Deferred Tax -11.60 -22.21 -47.77 -16.77 -21.91 -23.46 -16.77 -21.91 -23.46
PAT 207.22 115.87 78.84 671.47 319.95 109.87 671.47 319.95 109.87
Equity 1025.92 833.65 23.06 1025.92 833.65 23.06 1025.92 833.65 23.06
PBIDTM(%) 27.59 20.86 32.24 26.39 20.56 28.35 26.39 20.56 28.35
Peers
Company Name CMP
Bharat Forge 1998.50
Ramkrishna Forgings 705.35
MM Forgings 614.35
Happy Forgings 2090.00
Balu Forge Inds. 499.40
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