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Bharat Forge - Quaterly Results

09 Aug 2023 Evaluate
The company witnessed a 20.91% growth in the revenue at Rs. 21272.85 millions for the quarter ended June 2023 as compared to Rs. 17593.90 millions during the year-ago period.Net Profit recorded in the quarter ended June 2023 rise to 27.84% to Rs. 3115.04  millions  compared to R. 2436.58 millions in corresponding previous quarter.Operating profit for the quarter ended June 2023 rose to 5958.97 millions as compared to 4610.18 millions of corresponding quarter ended June 2022.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202306 202206 % Var 202306 202206 % Var 202303 202203 % Var
Sales 21272.85 17593.90 20.91 21272.85 17593.90 20.91 75727.12 62546.12 21.07
Other Income 472.29 259.37 82.09 472.29 259.37 82.09 1504.96 1675.02 -10.15
PBIDT 5958.97 4610.18 29.26 5958.97 4610.18 29.26 20616.06 18832.32 9.47
Interest 705.18 263.40 167.72 705.18 263.40 167.72 2126.89 1073.01 98.22
PBDT 5253.79 4316.29 21.72 5253.79 4316.29 21.72 18087.04 18077.34 0.05
Depreciation 1088.72 1064.36 2.29 1088.72 1064.36 2.29 4259.57 4117.91 3.44
PBT 4165.07 3251.93 28.08 4165.07 3251.93 28.08 13827.47 13959.43 -0.95
TAX 1050.03 815.35 28.78 1050.03 815.35 28.78 3372.73 3181.40 6.01
Deferred Tax -64.79 -68.42 -5.31 -64.79 -68.42 -5.31 -386.53 -146.82 163.27
PAT 3115.04 2436.58 27.84 3115.04 2436.58 27.84 10454.74 10778.03 -3.00
Equity 931.27 931.27 0.00 931.27 931.27 0.00 931.27 931.27 0.00
PBIDTM(%) 28.01 26.20 6.90 28.01 26.20 6.90 27.22 30.11 -9.58
Peers
Company Name CMP
Bharat Forge 1874.00
Ramkrishna Forgings 686.00
MM Forgings 590.30
Happy Forgings 2079.00
Balu Forge Inds. 498.45
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