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Tirupati Forge - Quaterly Results

12 May 2023 Evaluate
Net sales declined -22.02%  to  Rs. 233.90 million from Rs. 299.95 millions.Profit after tax improved marginally to Rs. 21.42  millions for the quarter ended March 2023 from Rs. 20.57 millions of corresponding previous quarter.Operating profit surged to 38.57 millions from the corresponding previous quarter of 36.24 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 233.90 299.95 -22.02 920.30 882.36 4.30 920.30 882.36 4.30
Other Income 3.25 5.47 -40.59 18.09 10.67 69.54 18.09 10.67 69.54
PBIDT 38.57 36.24 6.43 164.07 116.57 40.75 164.07 116.57 40.75
Interest 2.22 2.21 0.45 10.73 8.76 22.49 10.73 8.76 22.49
PBDT 36.35 34.03 6.82 153.34 107.81 42.23 153.34 107.81 42.23
Depreciation 7.79 6.19 25.85 27.08 24.29 11.49 27.08 24.29 11.49
PBT 28.56 27.84 2.59 126.26 83.52 51.17 126.26 83.52 51.17
TAX 7.14 7.27 -1.79 31.98 21.29 50.21 31.98 21.29 50.21
Deferred Tax 0.07 -0.75 -109.33 -1.44 -1.60 -10.00 -1.44 -1.60 -10.00
PAT 21.42 20.57 4.13 94.28 62.23 51.50 94.28 62.23 51.50
Equity 196.00 196.00 0.00 196.00 196.00 0.00 196.00 196.00 0.00
PBIDTM(%) 16.49 12.08 36.48 17.83 13.21 34.95 17.83 13.21 34.95
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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