Multibagger from its 52-week low: Small-Cap company's shares soar over 3 per cent following stellar results!

Revenue from operation stood at Rs 123.78 crore, a growth of 50.42 per cent QoQ. 

Balu Forge Industries Ltd informed that The Board of Directors of the company has released its Quarterly Results and annual results for year ended March 31, 2023.  

Highlights of Quarterly Results (Q4FY23) 

Revenue from operation stood at Rs 123.78 crore, a growth of 50.42 per cent QoQ. 

Profit Before Depreciation and Tax stood at Rs 20.78 crore, a growth of 53.33 per cent QoQ. 

PAT stood at Rs 15.24 crore, a growth of 43.27 per cent QoQ. 

Highlights of Annual Results (FY23) 

Revenue from operation stood at Rs 326.64 crore, a growth of 14.18 per cent YoY. 

Profit Before Depreciation and Tax stood at Rs 61.10 crore, a growth of 52.21 per cent YoY. 

PAT stood at Rs 38.91 crore, a growth of 30.39 per cent YoY. 

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Balu Forge Industries Ltd is engaged in the manufacturing of fully finished and semi-finished forged crankshafts and Forged Components. The stock has a ROE of 25.64 per cent and a ROCE of 28.92 per cent. The shares of the company saw a spurt in volume by more than 2 times on BSE. 

Today, shares of Balu Forge zoomed 3.97 per cent to an intraday high of Rs 112.50 per share from its previous closing of Rs 108.21. Currently, shares of the company are trading at Rs 108.94 per share, 0.67 up per cent. 

The stock gave multibagger returns of 116.35 per cent from its 52-week low of Rs 52 per share. Investors should keep an eye on this small-cap stock.