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Balu Forge Industrie - Quaterly Results

30 Jul 2024 Evaluate
The topline stands at Rs. 1229.94 millions for the June 2024 quarter. The mentioned figure indicates a rise of about 76.65% as against Rs. 696.24 millions during the year-ago period.The company almost doubled its revenue to Rs. 240.57 millions  from Rs. 103.09 millions in the quarter ended June 2024.Operating profit for the quarter ended June 2024 rose to 339.95 millions as compared to 154.97 millions of corresponding quarter ended June 2023.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202406 202306 % Var 202406 202306 % Var 202403 202303 % Var
Sales 1229.94 696.24 76.65 1229.94 696.24 76.65 3880.83 2690.58 44.24
Other Income 11.89 1.44 725.69 11.89 1.44 725.69 106.27 128.07 -17.02
PBIDT 339.95 154.97 119.37 339.95 154.97 119.37 1024.14 553.19 85.13
Interest 15.40 24.69 -37.63 15.40 24.69 -37.63 136.11 104.78 29.90
PBDT 324.55 130.28 149.12 324.55 130.28 149.12 888.03 448.41 98.04
Depreciation 6.51 3.23 101.55 6.51 3.23 101.55 14.82 11.94 24.12
PBT 318.04 127.05 150.33 318.04 127.05 150.33 873.21 436.47 100.06
TAX 77.47 23.96 223.33 77.47 23.96 223.33 201.74 116.52 73.14
Deferred Tax -2.53 -1.04 143.27 -2.53 -1.04 143.27 -16.77 -21.91 -23.46
PAT 240.57 103.09 133.36 240.57 103.09 133.36 671.47 319.95 109.87
Equity 1025.92 833.65 23.06 1025.92 833.65 23.06 1025.92 833.65 23.06
PBIDTM(%) 27.64 22.26 24.18 27.64 22.26 24.18 26.39 20.56 28.35
Peers
Company Name CMP
Bharat Forge 2004.05
Ramkrishna Forgings 707.40
MM Forgings 610.20
Happy Forgings 2091.05
Balu Forge Inds. 499.45
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