Balu Forge Industries Ltd (BFIL) has announced its financial results for Q1FY25. It showcased a robust 55.99 per cent increase in revenue to Rs 1,753.09 million compared to the previous year. The company’s PAT surged by 104.96 per cent to Rs 341.67 million, reflecting significant growth in profitability.
The Board of Directors has recommended a final dividend of 1.5 per cent per share of Rs 10 each for FY24. Key highlights include a 97.31 per cent rise in EBITDA and an expanded margin from 19.48 per cent to 24.64 per cent, driven by higher demand for heavier products.
The Executive Director Trimaan Chandock commended this quarter noting that it was characterised by successful client acquisition and a growing market for the firm’s specialised engineering products offered by BFIL.
This company is also improving its capacity with new forging production lines. It aims to increase Rs 496.80 crore to enhance the production potential and strengthen self-sufficiency in defence, railways, and aerospace domains.
In the coming years, BFIL will remain committed to strategy, innovation, and growth to ensure that it becomes one of the top players in the international market.
