Balu Forge Industries Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- Balu Forge Industries Ltd reported a 17.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 78.2%.
- Its expenses for the quarter were up by 18.4% QoQ and 61.0% YoY.
- The net profit increased 22.6% QoQ and increased 131.9% YoY.
- The earnings per share (EPS) of Balu Forge Industries Ltd stood at 5.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 265.35 | 225.38 | 148.94 | 17.7% | 78.2% |
Total Expenses | 191.19 | 161.43 | 118.73 | 18.4% | 61.0% |
Profit Before Tax | 74.16 | 63.95 | 30.20 | 16.0% | 145.6% |
Tax | 15.16 | 15.81 | 4.75 | -4.1% | 219.2% |
Profit After Tax | 59.01 | 48.14 | 25.45 | 22.6% | 131.9% |
Earnings Per Share | 5.20 | 4.30 | 2.60 | 20.9% | 100.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Balu Forge Industries Ltd is a company that specializes in the manufacturing sector, with a primary focus on automotive components and forging products. The company operates within the broader industrial manufacturing industry, supplying crucial components to various sectors, including automotive, aerospace, and industrial machinery. As of the latest available data, Balu Forge Industries Ltd has not publicly announced any major recent developments or strategic shifts. However, it is known for its commitment to quality and innovation within its product offerings. This focus allows the company to serve a diverse client base and maintain its competitive edge in the market.
Revenue
In the third quarter of the fiscal year 2025, Balu Forge Industries Ltd reported a total income of ₹265.35 crores. This figure represents a significant quarter-over-quarter increase of 17.7% compared to the second quarter of the fiscal year 2025, where the total income was ₹225.38 crores. Year-over-year, the growth is more pronounced, with a 78.2% increase from ₹148.94 crores in the third quarter of fiscal year 2024. This robust growth trajectory in total income reflects the company's ability to enhance its revenue streams effectively over both short and long-term periods, highlighting a pattern of consistent revenue expansion.
Profitability
For the third quarter of fiscal year 2025, Balu Forge Industries Ltd achieved a profit before tax of ₹74.16 crores, which demonstrates a quarter-over-quarter growth of 16.0% from ₹63.95 crores in the second quarter of fiscal year 2025. Year-over-year, this figure marks an impressive increase of 145.6% from ₹30.20 crores in the third quarter of fiscal year 2024. The tax expense for the third quarter of fiscal year 2025 was ₹15.16 crores, showing a slight decline of 4.1% from the previous quarter's ₹15.81 crores. However, on a year-over-year basis, the tax expense increased by 219.2% from ₹4.75 crores. Consequently, the profit after tax for the third quarter of fiscal year 2025 stood at ₹59.01 crores, reflecting a quarter-over-quarter increase of 22.6% and a year-over-year rise of 131.9%. The earnings per share for the same quarter was ₹5.20, up by 20.9% from the previous quarter and 100.0% from the same period last year.
Operating Metrics
The total expenses for Balu Forge Industries Ltd in the third quarter of fiscal year 2025 were ₹191.19 crores, which is an 18.4% increase from ₹161.43 crores in the second quarter of the same fiscal year. On a year-over-year basis, total expenses rose by 61.0% from ₹118.73 crores in the third quarter of fiscal year 2024. These figures indicate that while the company is experiencing considerable growth in revenue, expenses are also increasing, albeit at a slightly lower rate than income. This trend in operating expenses suggests a strategic scaling of operations in line with revenue growth. The company's ability to manage its expenses while driving revenue growth is critical in maintaining its profitability and continuing its upward financial trajectory.
