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Krishanveer Forge - Quaterly Results

19 May 2023 Evaluate
The sales slipped to Rs. 190.21 millions for the March 2023 quarter as against Rs. 237.27 millions during the year-ago period.Profit saw a slight increase of 13.70%to Rs. 16.10  millions from Rs. 14.16 millions.Operating profit for the quarter ended March 2023 rose to 25.67 millions as compared to 25.17 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 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 2002.95
Ramkrishna Forgings 716.95
MM Forgings 600.00
Happy Forgings 2106.55
Balu Forge Inds. 504.00
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