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LGB Forge - Quaterly Results

10 Aug 2023 Evaluate
A minor change in the total revenue was seen in the June 2023 quarter. The total revenue for the quarter stood at Rs. 285.53 millions against Rs. 280.32 millions during year ago period.The Net Loss for the quarter ended June 2023 is Rs. -26.80 millions as compared to Net Loss of Rs. -7.49 millions of corresponding quarter ended June 2022Operating profit Margin for the quarter ended June 2023 slipped to -7.89% as compared to 11.09% 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 285.53 280.32 1.86 285.53 280.32 1.86 1162.20 1300.55 -10.64
Other Income 1.80 1.52 18.42 1.80 1.52 18.42 13.83 6.51 112.44
PBIDT -7.89 11.09 -171.15 -7.89 11.09 -171.15 -23.50 102.26 -122.98
Interest 7.08 4.81 47.19 7.08 4.81 47.19 21.63 22.51 -3.91
PBDT -14.97 6.28 -338.38 -14.97 6.28 -338.38 -45.13 79.75 -156.59
Depreciation 11.83 13.77 -14.09 11.83 13.77 -14.09 47.92 45.33 5.71
PBT -26.80 -7.49 257.81 -26.80 -7.49 257.81 -93.05 34.42 -370.34
TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT -26.80 -7.49 257.81 -26.80 -7.49 257.81 -93.05 34.42 -370.34
Equity 238.20 238.20 0.00 238.20 238.20 0.00 238.20 238.20 0.00
PBIDTM(%) -2.76 3.96 -169.85 -2.76 3.96 -169.85 -2.02 7.86 -125.72
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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