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MM Forgings - Quaterly Results

10 Aug 2022 Evaluate
The Sales for the quarter ended June 2022 of Rs. 3329.30 millions rose by 39.09% from Rs. 2393.70 millions.The Company has registered profit of Rs. 295.52  millions for the quarter ended June 2022, a growth of 23.98%  over Rs. 238.36 millions millions achieved in the corresponding quarter of last year.Operating Profit saw a handsome growth to 618.50 millions from 478.80 millions in the quarter ended June 2022.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202206 202106 % Var 202206 202106 % Var 202203 202103 % Var
Sales 3329.30 2393.70 39.09 3329.30 2393.70 39.09 10879.80 7114.68 52.92
Other Income 5.56 44.61 -87.54 5.56 44.61 -87.54 352.37 357.72 -1.50
PBIDT 618.50 478.80 29.18 618.50 478.80 29.18 2203.12 1428.87 54.19
Interest 70.98 65.44 8.47 70.98 65.44 8.47 273.12 312.23 -12.53
PBDT 547.52 413.36 32.46 547.52 413.36 32.46 1930.01 1116.64 72.84
Depreciation 157.00 150.00 4.67 157.00 150.00 4.67 601.06 567.33 5.95
PBT 390.52 263.36 48.28 390.52 263.36 48.28 1328.95 549.31 141.93
TAX 95.00 25.00 280.00 95.00 25.00 280.00 211.23 83.24 153.76
Deferred Tax 5.00 7.50 -33.33 5.00 7.50 -33.33 -42.89 10.74 -499.35
PAT 295.52 238.36 23.98 295.52 238.36 23.98 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(%) 18.58 20.00 -7.12 18.58 20.00 -7.12 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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