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MM Forgings - Quaterly Results

17 May 2023 Evaluate
The revenue zoomed 18.43% to Rs. 3728.80 millions for the quarter ended March 2023 as compared to Rs. 3148.60 millions during the corresponding quarter last year.Net Profit for the quarter ended March 2023 zoomed to 229.60% from Rs. 91.90 millions to Rs. 302.90  millions.OP of the company witnessed a marginal growth to 707.70 millions from 598.30 millions in the same quarter last year.


(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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