Balu Forge Industries Ltd News

Balu Forge Q2 results: Net profit jumps more than two-fold to Rs 48.1 crore

Balu Forge Industries Ltd on Monday reported a more than two-fold jump in consolidated profit after tax to Rs 48.1 crore for the September quarter. The company had delivered a PAT of Rs 23.27 crore in the second quarter of the fiscal 2023-24. Its revenue in Q2 FY25 grew 60.1 per cent to Rs 222.8 crore from Rs 139.22-crore a year go, driven by constant focus on client addition and continued demand for the specialised engineering products, Balu Forge India said. The company's EBITDA (earnings before interest, taxes, depreciation and amortization) during the second quarter surged 116.5 per cent to Rs 65.22 crore from Rs 30.12 crore in the corresponding quarter of FY24, backed by increase in scale of operations and higher demand for heavier products, which tend to yield better margins, it said. "Apart from the financial achievement, the current quarter witnessed a number of developments focused on strengthening our capabilities to navigate industry challenges and capitalise on new ...

Balu Forge Industries shares jump 11%, hit all time high; here's why

Shares of Balu Forge Industries soared up to 11.37 per cent, hitting their lifetime high at Rs 890 per share on the BSE in Tuesday's intraday trade

Small, MidCap indices outperform Sensex for 5th straight month in FY25

Midcap, smallcap stocks: The market rally in the past few months, including the mid-and small-cap segments, analysts believe, has been on the back of strong inflow from the DIIs

What fuelled this Ashish Kacholia-owned stock's 74% rally in past one month

Shares of Balu Forge Industries hit a new high of Rs 679.95 in intra-day trade today. It has zoomed 205 per cent from its June month low of Rs 223 on the BSE.

Balu Forge Q1 result: PAT up over two-fold at Rs 34.16 cr on higher income

Precision engineering and manufacturing firm Balu Forge on Monday said its on-year net profit grew over two-fold to Rs 34.16 crore in the April-June quarter this year, driven by higher income. The company had posted a net profit of Rs 16.67 crore in the April-June period of FY24. The company said revenue from operations for the reporting quarter stood at Rs 175.3 crore, up 56 per cent from Rs 112.38 crore in the first quarter of the earlier fiscal, helped by focus on client addition and continued demand for the specialised engineering products. The company's EBITDA (Earnings before interest, taxes, depreciation and amortization) grew by 97.31 per cent, while margins expanded by 516 bps from 19.48 per cent in Q1FY24 to 24.64 per cent in Q1FY25, on account of increase in scale of operations and increased demand for heavier products which tend to yield better margins, Balu Forge said. "Our robust financial performance was an outcome of our dedicated strategy implementation focused on

This Ashish Kacholia stock has zoomed 55% in July; up 125% from June low

Shares of Balu Forge Industries hit a new high of Rs 501, surging 7% on the BSE in Tuesday's intra-day trade and rallied 23% in four days. Company to announce Q1 results today.

Ashish Kacholia-owned stock up 86% in 27 days; zooms 169% from March low

Shares of Balu Forge Industries hit a new high of Rs 415, surging 9 per cent on the BSE in Thursday's intra-day trade in otherwise a weak market.