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BALU FORGE INDUSTRIES : Q4 2024 Financial Quarterly Report : YoY Sales Up 30.21 %, QoQ Up 9.58 %

May 17, 2024May 17, 2024| adminadmin| 0 Comments| 4:04 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 30.21 % in the past year, substantial increase in net sales/revenue by 9.58 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -72.26 %, Marginal increase in other income during this quarter, up by 134.22%.
  • Profit over the Year and quarter: Significant improvement in profitability for BALU FORGE INDUSTRIES LIMITED. Notable increase of 85.58 % in net profit Year to Year, BALU FORGE INDUSTRIES LIMITED’s profitability increased by 11.09 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 50.82 % Year to Year. EPS increased by 6.98 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of BALU FORGE INDUSTRIES LIMITED”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 123.781 Cr Rs. 147.075 Cr Rs. 161.171 Cr + 9.58 % + 30.21 %
Expenses Rs. 103.11 Cr Rs. 114.37 Cr Rs. 126.79 Cr + 10.86 % + 22.97 %
Operating Profit Rs. 20.67 Cr Rs. 32.71 Cr Rs. 34.38 Cr + 5.11 % + 66.33 %
OPM % 16.7 % 22.24 % 21.33 % -0.91 % + 4.63 %
Other Income Rs. 15.79 Cr Rs. 1.87 Cr Rs. 4.38 Cr + 134.22 % -72.26 %
Interest Rs. 3.52 Cr Rs. 3.86 Cr Rs. 3.53 Cr -8.55 % + 0.28 %
Depreciation Rs. 0.44 Cr Rs. 0.51 Cr Rs. 0.62 Cr + 21.57 % + 40.91 %
Profit before tax Rs. 32.5 Cr Rs. 30.21 Cr Rs. 34.61 Cr + 14.56 % + 6.49 %
Tax % 11.75 % 15.72 % 18.3 % + 2.58 % + 6.55 %
Net Profit Rs. 15.24 Cr Rs. 25.46 Cr Rs. 28.28 Cr + 11.08 % + 85.56 %
EPS in Rs Rs. 1.83 Rs. 2.57 Rs. 2.74 + 6.61 % + 49.73 %


Today, we’re looking at BALU FORGE INDUSTRIES LIMITED’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 30.21 %. However, it did see a marginal increase of 9.58 % from the previous quarter. Expenses ticked up slightly by 10.86 % quarter-on-quarter, aligning with the annual rise of 22.97 %. Operating profit, while up 66.33 % compared to last year, faced a quarter-on-quarter increase of 5.11 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 4.63 %, but a shrinkage of -0.91 % sequentially. Other income rose by 134.22 % compared to the last quarter, despite an annual decline of -72.26 %. Interest expenses dropped significantly by -8.55 % from the previous quarter, yet the year-over-year increase remains at a moderate 0.28 %. Depreciation costs climbed by 21.57 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 40.91 %. Profit before tax grew annually by 6.49 % but saw an increase from the preceding quarter by 14.56 %.
Tax expenses as a percentage of profits increased slightly by 6.55 % compared to last year, with a more notable quarter-on-quarter increase of 2.58 %. Net profit rose by 85.56 % year-on-year but experienced a 11.08 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 49.73 % but a quarterly rise of 6.61 %. In summary, BALU FORGE INDUSTRIES LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 123.781 Cr Rs. 147.075 Cr Rs. 161.171 Cr + 9.58 % + 30.21 %
Expenses Rs. 103.11 Cr Rs. 114.37 Cr Rs. 126.79 Cr + 10.86 % + 22.97 %
Operating Profit Rs. 20.67 Cr Rs. 32.71 Cr Rs. 34.38 Cr + 5.11 % + 66.33 %
Net Profit Rs. 15.24 Cr Rs. 25.46 Cr Rs. 28.28 Cr + 11.08 % + 85.56 %
EPS in Rs Rs. 1.83 Rs. 2.57 Rs. 2.74 + 6.61 % + 49.73 %


In reviewing BALU FORGE INDUSTRIES LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 30.21 % year-on-year growth, however, there was a minor increase of 9.58 % from the previous quarter. Expenses rose by 22.97 % compared to the previous year, with a 10.86 % increase quarter-on-quarter. Operating Profit surged by 66.33 % annually, and saw a 5.11 % increase from the last quarter.
Net Profit showed yearly increase of 85.56 %, and experienced a 11.08 % increase from the previous quarter. Earnings Per Share (EPS) rose by 49.73 % annually, however rose by 6.61 % compared to the last quarter. In essence, while BALU FORGE INDUSTRIES LIMITED exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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