Stock Report

Balu Forge Industries Ltd posts Rs. 23.26 crores consolidated PAT in Q2 FY24

Posted On : 2023-11-01 05:20:59( TIMEZONE : IST )

Balu Forge Industries Ltd has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 143.2856 crores during the period ended September 30, 2023 as compared to Rs. 112.4921 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 23.2699 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 16.6701 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 2.47 for the period ended September 30, 2023 as compared to Rs. 2 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 143.2856 crs	₹112.4921 crs	27.37%
Net Profit	₹23.2699 crs	₹16.6701 crs	39.59%
EPS	₹2.47	₹2	23.50%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 143.2856 crores during the period ended September 30, 2023 as compared to Rs.67.1347 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.23.2699 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.4.8254 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.2.47 for the period ended September 30, 2023 as compared to Rs.0.58 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 143.2856 crs	₹67.1347 crs	113.43%
Net Profit	₹23.2699 crs	₹4.8254 crs	382.24%
EPS	₹2.47	₹0.58	325.86%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.255.7777 crores during the 6 Months period ended September 30, 2023 as compared to Rs.122.9409 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.39.94 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.12.2227 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.4.50 for the 6 Months period ended September 30, 2023 as compared to Rs.1.48 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹255.7777 crs	₹122.9409 crs	108.05%
Net Profit	₹39.94 crs	₹12.2227 crs	226.77%
EPS	₹4.50	₹1.48	204.05%

Shares of Balu Forge Industries Ltd was last trading in BSE at Rs. 225.40 as compared to the previous close of Rs. 215.50. The total number of shares traded during the day was 368416 in over 1393 trades.

The stock hit an intraday high of Rs. 227.00 and intraday low of 220.00. The net turnover during the day was Rs. 82723262.00.