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Krishanveer Forge - Quaterly Results

09 Feb 2024 Evaluate
A fair growth of 20.73% in the revenue at Rs. 230.07 millions was reported in the December 2023 quarter as compared to Rs. 190.57 millions during year-ago period.The Total Profit for the quarter ended December 2023 of Rs. 14.72 millions grew from Rs.-1.72 millionsOperating profit for the quarter ended December 2023 rose to 21.62 millions as compared to 4.21 millions of corresponding quarter ended December 2022.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202312 202212 % Var 202312 202212 % Var 202303 202203 % Var
Sales 230.07 190.57 20.73 607.53 624.95 -2.79 815.16 681.30 19.65
Other Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBIDT 21.62 4.21 413.54 49.81 18.09 175.35 45.97 75.10 -38.79
Interest 0.71 1.74 -59.20 2.04 5.18 -60.62 9.35 6.22 50.32
PBDT 20.91 2.47 746.56 47.77 12.91 270.02 36.62 68.88 -46.84
Depreciation 3.86 4.10 -5.85 11.59 12.28 -5.62 16.20 15.26 6.16
PBT 17.05 -1.63 -1146.01 36.18 0.63 5642.86 20.42 53.62 -61.92
TAX 2.33 0.09 2488.89 6.74 0.27 2396.30 3.96 16.06 -75.34
Deferred Tax -0.41 0.09 -555.56 -0.84 0.27 -411.11 0.63 0.92 -31.52
PAT 14.72 -1.72 -955.81 29.44 0.36 8077.78 16.46 37.56 -56.18
Equity 109.39 109.39 0.00 109.39 109.39 0.00 109.39 109.39 0.00
PBIDTM(%) 9.40 2.21 325.36 8.20 2.89 183.24 5.64 11.02 -48.84
Peers
Company Name CMP
Bharat Forge 2004.85
Ramkrishna Forgings 720.05
MM Forgings 603.75
Happy Forgings 2108.10
Balu Forge Inds. 503.45
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