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Steel stock hits 5% upper circuit after its net profits increases by 1,020% QoQ

This metal stock surged 5% to ₹482.35 after a 1,020% QoQ profit jump to ₹3.92cr and 2% YoY revenue growth, driven by operational excellence and strong demand.

Introduction:

This metal stock surged 5% to ₹482.35 following exceptional Q2 FY25 results. The company posted a remarkable 1,020% QoQ net profit increase to ₹3.92 crore, with revenue growing 2% YoY, driven by strong operational performance and demand for its precision-forged components.

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Share Price movement of Kalyani Forge Ltd:

As of November 13, Kalyani Forge Limited’s share price opened at ₹481.45, matching its intraday high and closing price. The stock saw minimal fluctuation, with an intraday low of ₹481.30, reflecting a stable trading session during the day.

Kalyani Forge Ltd share price rise:

Kalyani Forge surged 5% to ₹482.35 after stellar Q2 FY25 results. The company reported a 1,020% QoQ jump in net profit to ₹3.92 crore and a 2% YoY revenue increase, reflecting strong operational performance and investor confidence.

Kalyani Forge specialises in manufacturing precision-forged and machined components for the automotive sector. Its product portfolio includes engine parts, turbochargers, and transmission systems, produced using advanced forging technologies. Key clients include Ashok Leyland, Mahindra & Mahindra, Cummins, and JCB, serving industries like marine and power generation.

Founded in 1979, Kalyani Forge operates state-of-the-art certified facilities in Pune, adhering to international standards. The company prioritises innovation and quality control, cementing its reputation as a leader in precision forging. It maintains robust financials, including a 1.34 current ratio and 0.76 debt-to-equity ratio.

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Recent news About Kalyani Forge Ltd:

Kalyani Forge reported a 201.54% rise in net profit to ₹3.92 crore for Q2 FY25, compared to ₹1.30 crore in Q2 FY24. Revenue increased by 2.33% to ₹62.33 crore, reflecting strong profitability improvements despite modest sales growth.

Stock performance of Kalyani Forge Ltd for Period of 1 week, 6 months and 1 year:

Over the past week, Kalyani Forge Limited’s stock gained 2.53%. Over six months, it recorded a 10.4% increase, while the one-year performance reflected a steady growth of 8.70%, showcasing consistent upward momentum across all timeframes.

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Shareholding pattern of Kalyani Forge Ltd:

All values in %Sep-24Jun-24Mar-24
Promoters58.7158.758.71
Retail & others41.341.341.29

About Kalyani Forge Ltd Industries:

Kalyani Forge Ltd, established in 1979, specialises in manufacturing precision-forged and machined components. Serving automotive, agriculture, and power sectors, it emphasises innovation, quality control, and advanced press technologies across its facilities, ensuring global standards. The company caters to diverse clients, including leading international brands.

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