According to the financials, Balu Forging has a market cap of Rs 1,257.56 crore with a 3-year CAGR of 58 per cent. The net sales increased by 50.42 per cent to Rs 123.78 crore and the net profit increased by 43.27 per cent to Rs 15.24 in Q4FY23 over Q4FY22. The net sales increased by 14.18 per cent and the net profit increased by 30.39 per cent in FY23 over FY22.

According to the financial, the company reported positive numbers in its quarterly results and annual results. The stock has a ROE of 39 per cent and a ROCE of 49 per cent. The promoter’s holding is 70 per cent and the rest is owned by FIIs and the public as of March 2023.

Order Book: The order book as on March 31, 2023 stands at Rs 19,530 crore. During the year (2022-2023), the company bagged 7,900 crore orders and 7,250 crore lowest bidder (L1) orders. The order book as of today stands at Rs 20,615.47 crore.

According to the financials, the company reported excellent quarterly results and annual results. The net sales increased by 11.44 per cent to Rs 512.70 and net profit skyrocketed by 446.13 per cent to Rs 36.57 in FY23 over FY22.

The operating profit for Q4FY23 is at Rs 3.38 crore, surge of 1436.36 per cent on YoY basis as compared to Q4FY22.  

The net profit of PNB Housing Finance Ltd zoomed by 66.47 per cent from the corresponding quarter last year to Rs 283 crore.   

The order book position of the company as of April 1, 2023 stood at Rs 60,690 crore. Including the above orders, the company’s current order book stands at Rs 66,590 crore. Furthermore, the company declared a final dividend of Rs 0.60 per equity share (having a face value of Rs 1 each) on the enhanced share capital of the company post- bonus issue on Sept 15, 2022.

 Net profit of Rs 318 crore for Q4FY23 is up by 119.31 per cent on YoY basis, compared to Q4FY22.     

The company reported amazing numbers in its quarterly results (Q4) and annual results (FY23). The shares of the company saw a spurt in volume by more than 31.31 times on BSE. The shares of the company gave multibagger returns of 106 per cent in just 1 year.

We do expect to see a softness in the Indian IT Industry due to the macroeconomic situation, but we are confident of the long-term potential of this industry, expresses Kamini Shah, Chief Financial Officer of Birlasoft Limited