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Tirupati Forge - Quaterly Results

10 Aug 2023 Evaluate
The sales is pegged at Rs. 208.82 millions for the June 2023 quarter. The mentioned figure indicates decline with the sales recorded at Rs. 253.27 millions during the year-ago period.Net Profit of the company move down -63.05% to Rs. 11.38  millions from Rs. 30.80 millions  in the same quarter last year.Operating profit for the quarter ended June 2023 decreased to 25.13 millions as compared to 50.67 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 208.82 253.27 -17.55 208.82 253.27 -17.55 920.30 882.36 4.30
Other Income 1.14 7.01 -83.74 1.14 7.01 -83.74 18.09 10.67 69.54
PBIDT 25.13 50.67 -50.40 25.13 50.67 -50.40 164.07 116.57 40.75
Interest 2.70 3.01 -10.30 2.70 3.01 -10.30 10.73 8.76 22.49
PBDT 22.43 47.66 -52.94 22.43 47.66 -52.94 153.34 107.81 42.23
Depreciation 7.05 6.44 9.47 7.05 6.44 9.47 27.08 24.29 11.49
PBT 15.38 41.22 -62.69 15.38 41.22 -62.69 126.26 83.52 51.17
TAX 4.00 10.42 -61.61 4.00 10.42 -61.61 31.98 21.29 50.21
Deferred Tax -0.44 -0.70 -37.14 -0.44 -0.70 -37.14 -1.44 -1.60 -10.00
PAT 11.38 30.80 -63.05 11.38 30.80 -63.05 94.28 62.23 51.50
Equity 196.00 196.00 0.00 196.00 196.00 0.00 196.00 196.00 0.00
PBIDTM(%) 12.03 20.01 -39.85 12.03 20.01 -39.85 17.83 13.21 34.95
Peers
Company Name CMP
Bharat Forge 1940.00
Ramkrishna Forgings 710.70
MM Forgings 632.10
Happy Forgings 2167.15
Balu Forge Inds. 533.25
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