This Ashish Kacholia portfolio company reports 134% rise in net profit

Balu Forge Industries, a portfolio company of veteran investor Ashish Kacholia, reported strong financial results for third quarter of FY25. The company’s net profit surged 134% year-on-year to ₹59 crore from ₹25 crore in the same quarter last year.

Revenue from operations jumped 74% to ₹256 crore, compared to ₹147 crore in Q3FY24.

EBITDA stood at ₹68 crore, marking a 107% increase from ₹33 crore in the previous year.

The company’s EBITDA margin expanded by 422 basis points, rising from 22.24% in Q3FY24 to 26.47% in Q3FY25.
As of December 2024, Kacholia held a 1.73% stake in Balu Forge.Net profit (PAT) for the nine months jumped 116.34% to ₹141.16 crore from ₹65.25 crore in the previous year, with PAT margins improving by 504 basis points to 21.17%.

The company also announced a strategic expansion by signing an MoU with Swan Energy Limited to establish a Special Purpose Vehicle (SPV). This venture aims to serve global industries such as defence, aerospace, railways, and nuclear sectors. “This strategic diversification positions us as a prominent player in high-growth, technology-driven sectors,” the company stated in its filing.

On Friday (February 8), the company’s stock closed at ₹644.80, up 0.19%. Over the past year, the stock has surged 134.05%.

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