Total operating expenditure during the period rose by 22.96% year-over-year to Rs 126.79 crore.
EBITDA improved by 66.36% to Rs 34.38 crore while EBITDA margin rose by 464 bps to 21.33% in the fourth quarter.
Profit before tax in Q4 FY24 stood at Rs 82.29 crore, down by 54.9% from Rs 182.39 crore in Q4 FY23.
For FY24, Balu Forge has reported net profit and net sales of Rs 93.70 crore (up 140.24% YoY) and Rs 559.86 crore (down 71.40% YoY), respectively.
Trimaan Chandock, executive director of BFIL, stated: “Working Capital days improved by 26 days from 177 in the previous reporting period to 151 days showcasing our continuous focus on streamlining receivables and increasing share of value added products where we can favourably negotiate lower credit days.
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