A cutting-edge producer of fully finished and semi-finished forged engines and forged components is Balu Forge Industries. The company has benefited from incremental innovation and ongoing improvement by becoming the only one with the capacity to produce components that are compliant with the New Emissions Regulations and the New Energy Vehicles.
Balu Forge Industries on Wednesday posted a 43 per cent rise in consolidated profit after tax to Rs 15.24 crore for the June quarter on the back of higher income.
It had clocked a profit after tax of Rs 10.64 crore in the April-June period last year, the company said in a regulatory filing.
The company’s total income went up to Rs 124.33 crore in the first quarter of the current fiscal from Rs 87.49 crore in the year-ago period.
On a standalone basis, the company’s profit after tax rose to Rs 11.59 crore from Rs 10.90 crore a year ago while revenues increased to Rs 83.49 crore from Rs 82.28 crore.
