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MM Forgings - Quaterly Results

17 May 2023 Evaluate
The March 2023 quarter revenue stood at Rs. 3728.80 millions, up 18.43% as compared to Rs. 3148.60 millions during the corresponding quarter last year.The company almost doubled its revenue to Rs. 302.90 millions  from Rs. 91.90 millions in the quarter ended March 2023.Operating profit for the quarter ended March 2023 rose to 707.70 millions as compared to 598.30 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 3728.80 3148.60 18.43 14092.80 11046.40 27.58 14092.80 11046.40 27.58
Other Income 53.50 53.10 0.75 161.20 185.80 -13.24 161.20 185.80 -13.24
PBIDT 707.70 598.30 18.29 2716.60 2203.20 23.30 2716.60 2203.20 23.30
Interest 71.60 61.50 16.42 292.20 273.10 6.99 292.20 273.10 6.99
PBDT 636.10 536.80 18.50 2424.40 1930.10 25.61 2424.40 1930.10 25.61
Depreciation 173.00 151.10 14.49 676.00 601.10 12.46 676.00 601.10 12.46
PBT 463.10 385.70 20.07 1748.40 1329.00 31.56 1748.40 1329.00 31.56
TAX 160.20 293.80 -45.47 492.60 411.40 19.74 492.60 411.40 19.74
Deferred Tax 10.10 122.90 -91.78 30.10 142.90 -78.94 30.10 142.90 -78.94
PAT 302.90 91.90 229.60 1255.80 917.60 36.86 1255.80 917.60 36.86
Equity 241.40 241.40 0.00 241.40 241.40 0.00 241.40 241.40 0.00
PBIDTM(%) 18.98 19.00 -0.12 19.28 19.94 -3.35 19.28 19.94 -3.35
Peers
Company Name CMP
Bharat Forge 2005.00
Ramkrishna Forgings 702.80
MM Forgings 615.85
Happy Forgings 2065.70
Balu Forge Inds. 508.20
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