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Tirupati Forge - Quaterly Results

12 May 2023 Evaluate
The sales declined to Rs. 233.90 millions for the March 2023 quarter as compared to Rs. 299.95 millions during the corresponding quarter last year.Profit for the quarter ended March 2023 grew by 4.13% to Rs. 21.42 millions from Rs. 20.57 millions.Operating Profit saw a handsome growth to 38.57 millions from 36.24 millions in the quarter ended March 2023.


(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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