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Happy Forgings - Quaterly Results

09 Feb 2024 Evaluate
A fair growth of 16.22% in the revenue at Rs. 3419.91 millions was reported in the December 2023 quarter as compared to Rs. 2942.59 millions during year-ago period.Good  Net Profit growth of 39.20% reported above the corresponding previous quarter figure of Rs. 415.92 millions to Rs. 578.98 millioins.Operating Profit saw a handsome growth to 985.04 millions from 751.05 millions in the quarter ended December 2023.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202312 202212 % Var 202312 202212 % Var 202312 202212 % Var
Sales 3419.91 2942.59 16.22 3419.91 2942.59 16.22 3419.91 2942.59 16.22
Other Income 33.23 18.94 75.45 33.23 18.94 75.45 33.23 18.94 75.45
PBIDT 985.04 751.05 31.16 985.04 751.05 31.16 985.04 751.05 31.16
Interest 37.79 34.50 9.54 37.79 34.50 9.54 37.79 34.50 9.54
PBDT 947.25 716.55 32.20 947.25 716.55 32.20 947.25 716.55 32.20
Depreciation 170.57 155.23 9.88 170.57 155.23 9.88 170.57 155.23 9.88
PBT 776.68 561.32 38.37 776.68 561.32 38.37 776.68 561.32 38.37
TAX 197.70 145.40 35.97 197.70 145.40 35.97 197.70 145.40 35.97
Deferred Tax 30.85 14.93 106.63 30.85 14.93 106.63 30.85 14.93 106.63
PAT 578.98 415.92 39.20 578.98 415.92 39.20 578.98 415.92 39.20
Equity 188.41 179.00 5.26 188.41 179.00 5.26 188.41 179.00 5.26
PBIDTM(%) 28.80 25.52 12.85 28.80 25.52 12.85 28.80 25.52 12.85
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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