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Tirupati Forge - Quaterly Results

10 Aug 2023 Evaluate
The sales declined to Rs. 208.82 millions for the June 2023 quarter as compared to Rs. 253.27 millions during the corresponding quarter last year.A big decline of -63.05% was reported for the quarter ended June 2023 to Rs. 11.38  millions from Rs. 30.80 millions of corresponding previous quarter.The company reported a degrowth in operating Profit to 25.13 millions from 50.67 millions.


(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 1988.45
Ramkrishna Forgings 610.05
MM Forgings 493.05
Happy Forgings 1443.55
Balu Forge Industrie 550.40
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