Balu Forge Industries: Doubling Profits and Expanding Horizons

Balu Forge Industries Ltd reported a significant profit increase for the September quarter, more than doubling its consolidated profit after tax to Rs 48.1 crore. The company's revenue grew by 60.1%, driven by strong client demand for its specialized engineering products. The Indian precision engineering sector is poised for growth amid global shifts.

Balu Forge Industries Ltd has announced a remarkable financial performance for the September quarter, revealing a more than two-fold increase in its consolidated profit after tax, which reached Rs 48.1 crore. This growth comes against last year's second quarter figure of Rs 23.27 crore.

The company's revenue for Q2 FY25 surged by 60.1% to Rs 222.8 crore, compared to Rs 139.22 crore from the previous year. This is attributed to a consistent focus on expanding the client base and the continuous demand for specialized engineering products.

This upward trajectory was supported by a 116.5% increase in EBITDA, reaching Rs 65.22 crore. Executive Director Trimaan Chandock highlighted ongoing endeavors to enhance operational capabilities and capitalize on new market opportunities, as the company prepares for the next growth phase driven by the strategic China+1 approach amid global supply chain shifts.

(With inputs from agencies.)