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 News

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

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 News

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 News

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 News