Balu Forge Industries (531112) Q4 23/24 earnings summary

Executive summary

• FY24 consolidated revenue reached ₹55,985.58 lakh and net profit ₹9,367.34 lakh; both exceeded FY23 levels.

• Statutory auditors issued unmodified opinions on the audited standalone and consolidated results.

Financial highlights

• FY24 consolidated revenue from operations was ₹55,985.58 lakh versus ₹32,663.89 lakh in FY23; Q4 revenue was ₹16,117.11 lakh versus ₹12,378.05 lakh YoY.

• FY24 consolidated PBT was ₹11,384.30 lakh versus ₹5,056.53 lakh; net profit was ₹9,367.34 lakh versus ₹3,891.29 lakh.

• Q4 consolidated net profit was ₹2,827.88 lakh versus ₹1,523.84 lakh YoY; Q4 PBT was ₹3,461.39 lakh versus ₹1,726.72 lakh.

• FY24 standalone revenue from operations was ₹38,808.26 lakh versus ₹26,905.83 lakh; net profit was ₹6,714.50 lakh versus ₹3,199.43 lakh.

Segment performance

• Crankshafts, other forged components and related activities were reported as one operating segment, with performance assessed on a business-wide basis.