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Ganga Forging - Quaterly Results

14 Oct 2023 Evaluate
Net sales declined -6.93%  to  Rs. 85.70 million from Rs. 92.08 millions.The company almost doubled its revenue to Rs. 2.21 millions  from Rs. 0.93 millions in the quarter ended September 2023.The company reported a good operating profit of 5.67 millions compared to 4.89 millions of corresponding previous quarter.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202309 202209 % Var 202309 202209 % Var 202303 202203 % Var
Sales 85.70 92.08 -6.93 184.30 168.39 9.45 334.10 288.32 15.88
Other Income 0.25 0.71 -64.79 0.25 0.71 -64.79 0.77 5.14 -85.02
PBIDT 5.67 4.89 15.95 10.87 8.29 31.12 20.68 30.54 -32.29
Interest 1.81 2.26 -19.91 3.46 3.31 4.53 8.09 9.47 -14.57
PBDT 3.86 2.77 39.35 7.41 5.12 44.73 17.57 28.55 -38.46
Depreciation 2.19 2.20 -0.45 4.38 4.41 -0.68 8.76 8.82 -0.68
PBT 1.67 0.57 192.98 3.03 0.71 326.76 8.81 19.73 -55.35
TAX -0.54 -0.36 50.00 -0.38 -0.05 660.00 -7.76 9.39 -182.64
Deferred Tax -0.54 -0.02 2600.00 -0.38 -0.06 533.33 -7.76 8.68 -189.40
PAT 2.21 0.93 137.63 3.41 0.76 348.68 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(%) 6.62 5.31 24.58 5.90 4.92 19.80 6.19 10.59 -41.56
Peers
Company Name CMP
Bharat Forge 1877.30
Ramkrishna Forgings 531.75
MM Forgings 481.30
Happy Forgings 1319.00
Balu Forge Industrie 475.15
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