Balu Forge Industries posts Rs. 8.30 crores consolidated PAT in Q3 FY2021-22

Balu Forge Industries Ltd has reported Consolidated financial results for the period ended December 31, 2021.

Financial Results (Q3 FY2022) - QoQ Comparison

The company has reported total income of Rs. 81.4861 crores during the period ended December 31, 2021 as compared to Rs. 74.7073 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. 8.3017 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. 7.0408 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. 1 for the period ended December 31, 2021 as compared to Rs. 0.85 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 81.4861 crs	₹74.7073 crs	9.07%
Net Profit	₹8.3017 crs	₹7.0408 crs	17.91%
EPS	₹1	₹0.85	17.65%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 81.4861 crores during the period ended December 31, 2021 as compared to Rs.42.8272 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.8.3017 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.1.4943 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.1 for the period ended December 31, 2021 as compared to Rs.0.26 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 81.4861 crs	₹42.8272 crs	90.27%
Net Profit	₹8.3017 crs	₹1.4943 crs	455.56%
EPS	₹1	₹0.26	284.62%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.206.3402 crores during the 9 Months period ended December 31, 2021 as compared to Rs.98.7605 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.19.2110 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.3.4477 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.2.32 for the 9 Months period ended December 31, 2021 as compared to Rs.0.60 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹206.3402 crs	₹98.7605 crs	108.93%
Net Profit	₹19.2110 crs	₹3.4477 crs	457.21%
EPS	₹2.32	₹0.60	286.67%

Shares of Balu Forge Industries Ltd was last trading in BSE at Rs. 123.30 as compared to the previous close of Rs. 117.45. The total number of shares traded during the day was 19816 in over 92 trades.

The stock hit an intraday high of Rs. 123.30 and intraday low of 113.00. The net turnover during the day was Rs. 2439385.00.

Source : Equity Bulls

Keywords

BaluForgeIndustries Q3FY22 9MFY22 ResultUpdate