Balu Forge Posts Nearly 86% On-Year Rise in Q4 PAT
Balu Fort Industries on Tuesday reported 85.58% rise in its consolidated net profit of 28.28 crore rupees for the quarter ended March 2024. Sequentially, revenue from operation surged 30.21% to 161.17 crore rupees in Q4 FY24 compared with Q4 FY23.
Key Takeaways from Balu Forge’s Performance:
- 85.58% rise in consolidated net profit to 28.28 crore rupees.
- 30.21% increase in revenue from operation to 161.17 crore rupees.
- Operating expenditure in Q4 rose 22.96% Y-o-Y to 126.79 crore rupees.
- EBITDA rose 66.36% to 34.38 crore rupees.
The total operating expenditure during the period rose by 22.96% year-on-year to 126.79 crore rupees.
Further, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) improved by 66.36% to 34.38 crore rupees while EBITDA margin rose by 464 bps to 21.33% in the fourth quarter.
About Balu Forge Industries Limited:
Balu Forge Industries Limited was established in 1990, in Belgaum, India. It is one of the very few companies to have accreditation in the field of manufacturing crankshafts. The company has developed an extensive range of forged crankshafts for leading Original Equipment Manufacturers (OEM) within India and the rest of the world.
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