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Krishanveer Forge - Quaterly Results

19 May 2023 Evaluate
The sales for the March 2023 quarter moved down to Rs. 190.21 millions as compared to Rs. 237.27 millions during the year-ago period.The Company has registered profit of Rs. 16.10  millions for the quarter ended March 2023, a growth of 13.70%  over Rs. 14.16 millions millions achieved in the corresponding quarter of last year.Operating Profit saw a handsome growth to 25.67 millions from 25.17 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 190.21 237.27 -19.83 815.16 681.30 19.65 815.16 681.30 19.65
Other Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBIDT 25.67 25.17 1.99 45.97 75.10 -38.79 45.97 75.10 -38.79
Interest 1.96 2.13 -7.98 9.35 6.22 50.32 9.35 6.22 50.32
PBDT 23.71 23.04 2.91 36.62 68.88 -46.84 36.62 68.88 -46.84
Depreciation 3.91 4.06 -3.69 16.20 15.26 6.16 16.20 15.26 6.16
PBT 19.80 18.98 4.32 20.42 53.62 -61.92 20.42 53.62 -61.92
TAX 3.70 4.82 -23.24 3.96 16.06 -75.34 3.96 16.06 -75.34
Deferred Tax 0.37 0.76 -51.32 0.63 0.92 -31.52 0.63 0.92 -31.52
PAT 16.10 14.16 13.70 16.46 37.56 -56.18 16.46 37.56 -56.18
Equity 109.39 109.39 0.00 109.39 109.39 0.00 109.39 109.39 0.00
PBIDTM(%) 13.50 10.61 27.22 5.64 11.02 -48.84 5.64 11.02 -48.84
Peers
Company Name CMP
Bharat Forge 2000.00
Ramkrishna Forgings 716.70
MM Forgings 600.00
Happy Forgings 2101.50
Balu Forge Inds. 503.40
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