Stock Report

Balu Forge Industries Ltd posts consolidated PAT of Rs. 25.45 crores in Q3 FY2024

Posted On : 2024-02-04 19:06:08( TIMEZONE : IST )

Balu Forge Industries Ltd has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 148.9390 crores during the period ended December 31, 2023 as compared to Rs. 143.2856 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 25.4547 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 23.2699 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 2.57 for the period ended December 31, 2023 as compared to Rs. 2.47 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 148.9390 crs	₹143.2856 crs	3.95%
Net Profit	₹25.4547 crs	₹23.2699 crs	9.39%
EPS	₹2.57	₹2.47	4.05%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 148.9390 crores during the period ended December 31, 2023 as compared to Rs.92.0146 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.25.4547 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.11.4520 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.2.57 for the period ended December 31, 2023 as compared to Rs.1.37 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 148.9390 crs	₹92.0146 crs	61.86%
Net Profit	₹25.4547 crs	₹11.4520 crs	122.27%
EPS	₹2.57	₹1.37	87.59%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.404.7167 crores during the 9 Months period ended December 31, 2023 as compared to Rs.214.9555 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.65.3947 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.23.6747 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.6.61 for the 9 Months period ended December 31, 2023 as compared to Rs.2.84 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹404.7167 crs	₹214.9555 crs	88.28%
Net Profit	₹65.3947 crs	₹23.6747 crs	176.22%
EPS	₹6.61	₹2.84	132.75%

Shares of Balu Forge Industries Ltd was last trading in BSE at Rs. 272.15 as compared to the previous close of Rs. 279.15. The total number of shares traded during the day was 187735 in over 1284 trades.

The stock hit an intraday high of Rs. 284.40 and intraday low of 269.80. The net turnover during the day was Rs. 51748613.00.