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Ganga Forging - Quaterly Results

10 Aug 2023 Evaluate
The sales surged to Rs. 98.60 millions, up 29.21% for the June 2023 quarter as against Rs. 76.31 millions during the corresponding quarter previous year.The Total Profit for the quarter ended June 2023 of Rs. 1.20 millions grew from Rs.-0.17 millionsOP of the company witnessed a marginal growth to 5.20 millions from 3.40 millions in the same quarter last year.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202306 202206 % Var 202306 202206 % Var 202303 202203 % Var
Sales 98.60 76.31 29.21 98.60 76.31 29.21 334.10 288.32 15.88
Other Income 0.00 0.00 0.00 0.00 0.00 0.00 0.77 5.14 -85.02
PBIDT 5.20 3.40 52.94 5.20 3.40 52.94 20.68 30.54 -32.29
Interest 1.65 1.05 57.14 1.65 1.05 57.14 8.09 9.47 -14.57
PBDT 3.55 2.35 51.06 3.55 2.35 51.06 17.57 28.55 -38.46
Depreciation 2.19 2.21 -0.90 2.19 2.21 -0.90 8.76 8.82 -0.68
PBT 1.36 0.14 871.43 1.36 0.14 871.43 8.81 19.73 -55.35
TAX 0.16 0.31 -48.39 0.16 0.31 -48.39 -7.76 9.39 -182.64
Deferred Tax 0.16 -0.04 -500.00 0.16 -0.04 -500.00 -7.76 8.68 -189.40
PAT 1.20 -0.17 -805.88 1.20 -0.17 -805.88 16.57 10.34 60.25
Equity 105.96 105.96 0.00 105.96 105.96 0.00 105.96 105.96 0.00
PBIDTM(%) 5.27 4.46 18.37 5.27 4.46 18.37 6.19 10.59 -41.56
Peers
Company Name CMP
Bharat Forge 1865.00
Ramkrishna Forgings 529.90
MM Forgings 486.35
Happy Forgings 1308.50
Balu Forge Industrie 472.05
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