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Bhagwati Autocast reports Profit after tax of Rs 22.33 Mln, in the March 2023 quarter

30 May 2023 Evaluate
The turnover soared 55.66% to Rs. 362.73 millions for the March 2023 quarter as compared to Rs. 233.02 millions during the corresponding quarter last year.Net Profit for the quarter ended March 2023 zoomed to 842.19% from Rs. 2.37 millions to Rs. 22.33  millions.Operating Profit saw a handsome growth to 41.48 millions from 9.14 millions in the quarter ended March 2023.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 362.73 233.02 55.66 1543.51 1121.72 37.60 1543.51 1121.72 37.60
Other Income 0.45 0.23 95.65 0.70 0.94 -25.53 0.70 0.94 -25.53
PBIDT 41.48 9.14 353.83 148.11 16.34 806.43 148.11 16.34 806.43
Interest 2.96 0.00 0.00 12.32 5.99 105.68 12.32 5.99 105.68
PBDT 38.52 9.14 321.44 135.79 10.35 1211.98 135.79 10.35 1211.98
Depreciation 6.87 5.96 15.27 27.48 23.71 15.90 27.48 23.71 15.90
PBT 31.65 3.18 895.28 108.31 -13.36 -910.70 108.31 -13.36 -910.70
TAX 9.32 0.81 1050.62 31.10 -3.79 -920.58 31.10 -3.79 -920.58
Deferred Tax 3.33 1.34 148.51 12.31 -3.26 -477.61 12.31 -3.26 -477.61
PAT 22.33 2.37 842.19 77.21 -9.57 -906.79 77.21 -9.57 -906.79
Equity 28.81 28.81 0.00 28.81 28.81 0.00 28.81 28.81 0.00
PBIDTM(%) 11.44 3.92 191.54 9.60 1.46 558.73 9.60 1.46 558.73
Peers
Company Name CMP
AIA Engineering 3901.45
Alicon Castalloy 700.55
Nelcast 105.55
PTC Industries 22514.30
Synergy Green Inds. 588.10
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