Balu Forge Industries (531112) Q3 23/24 earnings summary

Executive summary

• Q3 ended Dec. 31, 2023 consolidated revenue was Rs. 14,893.90 lakh and net profit was Rs. 2,545.47 lakh; nine-month revenue was Rs. 39,868.47 lakh and net profit was Rs. 6,539.47 lakh.

• Standalone Q3 revenue was Rs. 10,388.13 lakh and net profit was Rs. 1,867.79 lakh; nine-month revenue was Rs. 27,553.60 lakh.

Financial highlights

• Consolidated Q3 revenue compared with Rs. 8,939.17 lakh in the year-earlier quarter; nine-month revenue compared with Rs. 20,285.84 lakh in the prior-year period.

• Consolidated Q3 net profit compared with Rs. 1,145.20 lakh in the year-earlier quarter; nine-month net profit compared with Rs. 2,367.47 lakh in the prior-year period.

• Standalone Q3 revenue compared with Rs. 7,368.88 lakh in the year-earlier quarter; Q3 net profit compared with Rs. 830.14 lakh.

• Consolidated Q3 profit before tax was Rs. 3,020.13 lakh; nine-month profit before tax was Rs. 7,922.92 lakh.

Segment performance

• Crankshafts, forged components and related activities comprise one reportable operating segment; performance and resource allocation are assessed on a business-wide basis.