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Balu Forge Industrie - Quaterly Results

30 Jul 2024 Evaluate
The topline surged 76.65% to Rs. 1229.94 millions for the June 2024 quarter as against Rs. 696.24 millions during the corresponding quarter last year.Net Profit for the quarter ended June 2024 zoomed to 133.36% from Rs. 103.09 millions to Rs. 240.57  millions.Operating Profit saw a handsome growth to 339.95 millions from 154.97 millions in the quarter ended June 2024.


(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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