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Ganga Forging - Quaterly Results

04 Aug 2022 Evaluate
The sales figure stood at Rs. 76.31 millions for the June 2022 quarter. The mentioned figure indicates a growth of about 43.71% as compared to Rs. 53.10 millions during the year-ago period.Net Profit of the company move down -66.40% to Rs. 1.26  millions from Rs. 3.75 millions  in the same quarter last year.A decline of 3.40 millions was observed in the OP in the quarter ended June 2022 from 7.08 millions on QoQ basis.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202206 202106 % Var 202206 202106 % Var 202203 202103 % Var
Sales 76.31 53.10 43.71 76.31 53.10 43.71 286.59 229.82 24.70
Other Income 0.00 2.71 0.00 0.00 2.71 0.00 5.15 1.40 267.86
PBIDT 3.40 7.08 -51.98 3.40 7.08 -51.98 30.54 18.41 65.89
Interest 1.05 1.10 -4.55 1.05 1.10 -4.55 9.47 7.94 19.27
PBDT 3.78 5.98 -36.79 3.78 5.98 -36.79 28.55 10.09 182.95
Depreciation 2.21 2.18 1.38 2.21 2.18 1.38 8.82 8.74 0.92
PBT 1.57 3.80 -58.68 1.57 3.80 -58.68 19.73 1.35 1361.48
TAX 0.31 0.05 520.00 0.31 0.05 520.00 9.39 -2.08 -551.44
Deferred Tax -0.04 0.05 -180.00 -0.04 0.05 -180.00 8.68 -2.08 -517.31
PAT 1.26 3.75 -66.40 1.26 3.75 -66.40 10.34 3.43 201.46
Equity 105.96 105.96 0.00 105.96 105.96 0.00 105.96 105.96 0.00
PBIDTM(%) 4.46 13.33 -66.58 4.46 13.33 -66.58 10.66 8.01 33.03
Peers
Company Name CMP
Bharat Forge 1940.00
Ramkrishna Forgings 710.70
MM Forgings 632.10
Happy Forgings 2167.15
Balu Forge Inds. 533.25
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