Net profit of Balu Forge Industries rose 106.88% to Rs 48.14 crore in the quarter ended September 2024 as against Rs 23.27 crore during the previous quarter ended September 2023. Sales rose 60.09% to Rs 222.88 crore in the quarter ended September 2024 as against Rs 139.22 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales222.88139.22 60 OPM %29.2621.64 - PBDT64.7830.42 113 PBT63.9529.96 113 NP48.1423.27 107 Powered by Capital Market - Live

Balu Forge Industries will hold a meeting of the Board of Directors of the Company on 21 October 2024.Powered by Capital Market - Live

Balu Forge Industries has acquired 7 Axis CNC machines. The major focus area for this acquisition is move into a more elite category of machining companies that are capable of offering both advanced & critical machining solutions specific to industries like Railways, Defence, Aerospace & other critical precision industries globally. The new acquisition will enhance the capability of the company to offer more precision engineered components & further increase the product portfolio in these key industries. This new acquisition consists of 7 Axis CNC machines from a prominent German manufacturer. These possess the capability to machine parts up to 3 Meters in length. The introduction of this technology will aid in machining complex geometries, improve precision, increase flexibility, lead to better material utilization & aid in the ability to machine complex products in one setup.Powered by Capital Market - Live

Balu Forge Industries announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

Balu Forge Industries announced that the Board of Directors of the Company at its meeting held on 30 July 2024, inter alia, have recommended the final dividend of Rs 0.15 per equity Share (i.e. 1.5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Balu Forge Industries rose 104.98% to Rs 34.17 crore in the quarter ended June 2024 as against Rs 16.67 crore during the previous quarter ended June 2023. Sales rose 56.00% to Rs 175.31 crore in the quarter ended June 2024 as against Rs 112.38 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales175.31112.38 56 OPM %24.6419.48 - PBDT42.7119.52 119 PBT41.9119.07 120 NP34.1716.67 105 Powered by Capital Market - Live

Balu Forge Industries will hold a meeting of the Board of Directors of the Company on 30 July 2024.Powered by Capital Market - Live

Balu Forge Industries announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 9 August 2024 .Powered by Capital Market - Live

Balu Forge Industries (BFIL) has announced a fund-raise of Rs. 496.80 crore in a combination of preferential issue of equity shares and fully convertible warrants to strengthen its manufacturing capacity and capability to play its role in making India atmanirbhar or self-reliant in defence, railways and aerospace sector and turning the vision of Viksit Bharat into reality. The board of BFIL has approved an issue of 45,00,000 equity shares of face value of Rs. 10 each at a premium price of Rs. 350 per equity share aggregating up to Rs. 162,00,00,000 by way of preferential issue to the non-promoter public category investors. The board has also approved an issue of 63,00,000 fully convertible warrants to the non-promoter public category investors and 30,00,000 fully convertible warrants to the promoter category at an issue price of Rs.360 per warrant. BFIL will majorly deploy a majority of the funds to undertake special R&D initiatives to further enhance the special engineering capability in the field of defence and aerospace components. The company will further add a new capability in the form of a Direct Drive Screw Press Line capable of producing aerospace and high precision components and SPM line for defence production. The product mix includes an extensive large portfolio covering railways, defence and aerospace industries. Powered by Capital Market - Live