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MM Forgings - Quaterly Results

13 Feb 2023 Evaluate
The revenue for the December 2022 quarter is pegged at Rs. 3610.84 millions, about 24.89% up against Rs. 2891.22 millions recorded during the year-ago period.Modest increase of 9.17% in the Net Profit was reported from. 310.16 millions to Rs. 338.59  millions.Operating profit for the quarter ended December 2022 rose to 720.23 millions as compared to 599.26 millions of corresponding quarter ended December 2021.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202212 202112 % Var 202212 202112 % Var 202203 202103 % Var
Sales 3610.84 2891.22 24.89 10363.94 7897.89 31.22 10879.80 7114.68 52.92
Other Income 55.61 38.08 46.03 107.77 132.61 -18.73 352.37 357.72 -1.50
PBIDT 720.23 599.26 20.19 2008.94 1604.81 25.18 2203.12 1428.87 54.19
Interest 76.14 74.10 2.75 220.56 211.59 4.24 273.12 312.23 -12.53
PBDT 644.09 525.16 22.65 1788.38 1393.22 28.36 1930.01 1116.64 72.84
Depreciation 173.00 150.00 15.33 503.00 450.00 11.78 601.06 567.33 5.95
PBT 471.09 375.16 25.57 1285.38 943.22 36.28 1328.95 549.31 141.93
TAX 132.50 65.00 103.85 332.50 117.50 182.98 211.23 83.24 153.76
Deferred Tax 10.00 5.00 100.00 20.00 20.00 0.00 -42.89 10.74 -499.35
PAT 338.59 310.16 9.17 952.88 825.72 15.40 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(%) 19.95 20.73 -3.77 19.38 20.32 -4.60 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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