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LGB Forge - Quaterly Results

15 May 2023 Evaluate
With no major difference for the quarter endedMarch 2023 , the total revenue stood at Rs. 323.86  millions.The Net Loss for the quarter ended March 2023 is Rs. -16.64 millions as compared to Net Profit of Rs. 2.53 millions of corresponding quarter ended March 2022Operating profit for the quarter ended March 2023 decreased to 2.12 millions as compared to 16.47 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 323.86 321.70 0.67 1162.20 1300.55 -10.64 1162.20 1300.55 -10.64
Other Income 4.00 0.82 387.80 13.83 6.51 112.44 13.83 6.51 112.44
PBIDT 2.12 16.47 -87.13 -23.50 102.26 -122.98 -23.50 102.26 -122.98
Interest 6.55 2.87 128.22 21.63 22.51 -3.91 21.63 22.51 -3.91
PBDT -4.43 13.60 -132.57 -45.13 79.75 -156.59 -45.13 79.75 -156.59
Depreciation 12.21 11.07 10.30 47.92 45.33 5.71 47.92 45.33 5.71
PBT -16.64 2.53 -757.71 -93.05 34.42 -370.34 -93.05 34.42 -370.34
TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT -16.64 2.53 -757.71 -93.05 34.42 -370.34 -93.05 34.42 -370.34
Equity 238.20 238.20 0.00 238.20 238.20 0.00 238.20 238.20 0.00
PBIDTM(%) 0.65 5.12 -87.21 -2.02 7.86 -125.72 -2.02 7.86 -125.72
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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