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Nitin Castings - Quaterly Results

13 Feb 2023 Evaluate
The sales moved up 28.27% to Rs. 349.38 millions for the December 2022 quarter as compared to Rs. 272.38 millions during the year-ago period.Net Profit witnessed a 122.82% growth almost the double from Rs. 10.78 millions to Rs. 24.02  millions  of same quarter last year.Operating profit surged to 37.02 millions from the corresponding previous quarter of 19.31 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202212 202112 % Var 202212 202112 % Var 202203 202103 % Var
Sales 349.38 272.38 28.27 1034.82 686.00 50.85 965.14 619.67 55.75
Other Income 5.34 3.98 34.17 5.84 17.09 -65.83 21.49 14.99 43.36
PBIDT 37.02 19.31 91.71 83.55 60.85 37.30 87.27 70.82 23.23
Interest 0.15 0.44 -65.91 0.82 1.68 -51.19 2.01 9.58 -79.02
PBDT 36.87 18.87 95.39 82.73 59.17 39.82 85.26 61.24 39.22
Depreciation 4.06 5.09 -20.24 14.05 15.05 -6.64 20.01 22.12 -9.54
PBT 32.81 13.78 138.10 68.68 44.12 55.67 65.25 39.12 66.79
TAX 8.79 3.00 193.00 26.69 9.08 193.94 13.64 6.55 108.24
Deferred Tax 0.70 -0.04 -1850.00 9.45 -0.20 -4825.00 -0.59 -0.04 1375.00
PAT 24.02 10.78 122.82 41.99 35.04 19.83 51.61 32.57 58.46
Equity 25.71 25.71 0.00 25.71 25.71 0.00 25.71 25.71 0.00
PBIDTM(%) 10.60 7.09 49.46 8.07 8.87 -8.98 9.04 11.43 -20.88
Peers
Company Name CMP
AIA Engineering 3973.15
Alicon Castalloy 745.45
Nelcast 107.40
PTC Industries 22396.45
Synergy Green Inds. 684.00
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