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MM Forgings - Quaterly Results

25 May 2022 Evaluate
The revenue zoomed 10.04% to Rs. 3135.58 millions for the quarter ended March 2022 as compared to Rs. 2849.51 millions during the corresponding quarter last year.The Net proft of the company remain more or less same to Rs. 291.98  millions from Rs. 301.34 millions ,decline by -3.11%.The company reported a good operating profit of 598.30 millions compared to 589.62 millions of corresponding previous quarter.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202203 202103 % Var 202203 202103 % Var 202203 202103 % Var
Sales 3135.58 2849.51 10.04 10879.80 7114.68 52.92 10879.80 7114.68 52.92
Other Income 66.09 33.49 97.34 352.37 357.72 -1.50 352.37 357.72 -1.50
PBIDT 598.30 589.62 1.47 2203.12 1428.87 54.19 2203.12 1428.87 54.19
Interest 61.54 80.22 -23.29 273.12 312.23 -12.53 273.12 312.23 -12.53
PBDT 536.77 509.40 5.37 1930.01 1116.64 72.84 1930.01 1116.64 72.84
Depreciation 151.06 167.32 -9.72 601.06 567.33 5.95 601.06 567.33 5.95
PBT 385.71 342.08 12.75 1328.95 549.31 141.93 1328.95 549.31 141.93
TAX 93.73 40.74 130.07 211.23 83.24 153.76 211.23 83.24 153.76
Deferred Tax -22.89 0.74 -3193.24 -42.89 10.74 -499.35 -42.89 10.74 -499.35
PAT 291.98 301.34 -3.11 1117.72 466.07 139.82 1117.72 466.07 139.82
Equity 241.41 241.41 0.00 241.41 241.41 0.00 241.41 241.41 0.00
PBIDTM(%) 19.08 20.69 -7.79 20.25 20.08 0.83 20.25 20.08 0.83
Peers
Company Name CMP
Bharat Forge 2005.00
Ramkrishna Forgings 702.80
MM Forgings 615.85
Happy Forgings 2065.70
Balu Forge Inds. 508.20
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