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Ganga Forging - Quaterly Results

21 Oct 2021 Evaluate
The Revenue for the quarter ended  September 2021 of Rs. 77.42 millions grew by 8.25 % from Rs. 71.52 millions.The Net Profit of the company reported a remarkable increase of 461.39% to Rs. 8.87  millions  from Rs. 1.58 millions in previous same quarter.Operating profit surged to 11.18 millions from the corresponding previous quarter of 6.67 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202109 202009 % Var 202109 202009 % Var 202103 202003 % Var
Sales 77.42 71.52 8.25 130.52 101.98 27.99 229.82 236.58 -2.86
Other Income 5.33 0.50 966.00 8.04 0.50 1508.00 1.02 1.04 -1.92
PBIDT 11.18 6.67 67.62 18.26 12.79 42.77 18.40 -6.53 -381.78
Interest 0.00 2.81 0.00 1.10 5.64 -80.50 7.94 12.68 -37.38
PBDT 11.18 3.86 189.64 17.16 7.15 140.00 10.46 -19.21 -154.45
Depreciation 2.22 2.19 1.37 4.40 4.41 -0.23 8.74 8.80 -0.68
PBT 8.96 1.67 436.53 12.76 2.74 365.69 1.72 -28.01 -106.14
TAX 0.09 0.09 0.00 0.14 0.18 -22.22 0.66 -6.87 -109.61
Deferred Tax 0.09 0.09 0.00 0.14 0.18 -22.22 0.66 -6.87 -109.61
PAT 8.87 1.58 461.39 12.62 2.56 392.97 1.06 -21.14 -105.01
Equity 105.96 105.96 0.00 105.96 105.96 0.00 105.96 79.47 33.33
PBIDTM(%) 14.44 9.33 54.84 13.99 12.54 11.55 8.01 -2.76 -390.06
Peers
Company Name CMP
Bharat Forge 1744.00
Ramkrishna Forgings 764.55
MM Forgings 622.45
Happy Forgings 1810.75
Balu Forge Inds. 534.15
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