Stock Report

Balu Forge Industries Ltd Q1FY22 PAT at Rs. 3.86 crore



Posted On : 2021-08-11 00:01:34( TIMEZONE : IST )

Balu Forge Industries Ltd Q1FY22 PAT at Rs. 3.86 crore

BALU FORGE INDUSTRIES LIMITED has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.50.14 crores during the period ended June 30, 2021 as compared to Rs.48.57 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.3.86 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.4.78 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.0.48 for the period ended June 30, 2021 as compared to Rs.0.49 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 50.14 crs₹ 48.57 crsUp Tick 3.23%
Net Profit₹ 3.86 crs₹ 4.78 crsDown Tick -19.25%
EPS₹ 0.48₹ 0.49Down Tick -2.04%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.50.14 crores during the period ended June 30, 2021 as compared to Rs.0.0022 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.3.86 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(0.0354) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.0.48 for the period ended June 30, 2021 as compared to Rs.(1.01) for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 50.14 crs₹ 0.0022 crsUp Tick 2278990.91%
Net Profit₹ 3.86 crs₹ (0.0354) crsUp Tick 11003.95%
EPS₹ 0.48₹ (1.01)Up Tick 147.52%

The Company had made preferential allotment of 55,49,886 fully paid-up Equity Shares of Rs. 10/- each at an issue price of Rs. 81/- on April 27, 2021to the Non-Promoters (Public Category) of the company.

Shares of BALU FORGE INDUSTRIES LIMITED was last trading in BSE at Rs. 251.5 as compared to the previous close of Rs. 251.5. The total number of shares traded during the day was 150 in over 10 trades.

The stock hit an intraday high of Rs. 251.5 and intraday low of 249.3. The net turnover during the day was Rs. 37584.

Source : Equity Bulls

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