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Bharat Forge - Quaterly Results

05 May 2023 Evaluate
The company witnessed a 19.31% growth in the revenue at Rs. 19972.84 millions for the quarter ended March 2023 as compared to Rs. 16740.82 millions during the year-ago period.The Company's Net profit for the March 2023 quarter have declined marginally to Rs. 2445.21  millions as against Rs. 2619.60 millions reported during the corresponding quarter ended.Operating profit for the quarter ended March 2023 rose to 5270.16 millions as compared to 4973.30 millions of corresponding quarter ended March 2022.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 19972.84 16740.82 19.31 75727.12 62546.12 21.07 75727.12 62546.12 21.07
Other Income 390.77 661.57 -40.93 1504.96 1675.02 -10.15 1504.96 1675.02 -10.15
PBIDT 5270.16 4973.30 5.97 20616.06 18832.32 9.47 20616.06 18832.32 9.47
Interest 657.58 407.44 61.39 2126.89 1073.01 98.22 2126.89 1073.01 98.22
PBDT 4204.17 4541.09 -7.42 18087.04 18077.34 0.05 18087.04 18077.34 0.05
Depreciation 1050.64 1042.03 0.83 4259.57 4117.91 3.44 4259.57 4117.91 3.44
PBT 3153.53 3499.06 -9.87 13827.47 13959.43 -0.95 13827.47 13959.43 -0.95
TAX 708.32 879.46 -19.46 3372.73 3181.40 6.01 3372.73 3181.40 6.01
Deferred Tax -211.91 92.59 -328.87 -386.53 -146.82 163.27 -386.53 -146.82 163.27
PAT 2445.21 2619.60 -6.66 10454.74 10778.03 -3.00 10454.74 10778.03 -3.00
Equity 931.27 931.27 0.00 931.27 931.27 0.00 931.27 931.27 0.00
PBIDTM(%) 26.39 29.71 -11.18 27.22 30.11 -9.58 27.22 30.11 -9.58
Peers
Company Name CMP
Bharat Forge 1874.00
Ramkrishna Forgings 687.95
MM Forgings 597.00
Happy Forgings 2078.50
Balu Forge Inds. 498.45
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