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Bharat Forge - Quaterly Results

08 May 2024 Evaluate
The Revenue for the quarter ended  March 2024 of Rs. 23285.85 millions grew by 16.59 % from Rs. 19972.84 millions.Handsome Net Profit growth of 59.35% reported above the corresponding previous quarter figure of Rs. 3896.55 millions to Rs. 2445.21 millions.Operating profit for the quarter ended March 2024 rose to 6973.38 millions as compared to 5270.16 millions of corresponding quarter ended March 2023.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 23285.85 19972.84 16.59 89686.34 75727.12 18.43 89686.34 75727.12 18.43
Other Income 381.83 390.77 -2.29 1623.41 1504.96 7.87 1623.41 1504.96 7.87
PBIDT 6973.38 5270.16 32.32 26401.18 20616.06 28.06 26401.18 20616.06 28.06
Interest 633.79 657.58 -3.62 2874.12 2126.89 35.13 2874.12 2126.89 35.13
PBDT 6206.23 4204.17 47.62 23372.73 18087.04 29.22 23372.73 18087.04 29.22
Depreciation 1079.06 1050.64 2.71 4420.42 4259.57 3.78 4420.42 4259.57 3.78
PBT 5127.17 3153.53 62.59 18952.31 13827.47 37.06 18952.31 13827.47 37.06
TAX 1230.62 708.32 73.74 4702.74 3372.73 39.43 4702.74 3372.73 39.43
Deferred Tax -126.12 -211.91 -40.48 -258.16 -386.53 -33.21 -258.16 -386.53 -33.21
PAT 3896.55 2445.21 59.35 14249.57 10454.74 36.30 14249.57 10454.74 36.30
Equity 931.27 931.27 0.00 931.27 931.27 0.00 931.27 931.27 0.00
PBIDTM(%) 29.95 26.39 13.49 29.44 27.22 8.13 29.44 27.22 8.13
Peers
Company Name CMP
Bharat Forge 1903.05
Ramkrishna Forgings 694.55
MM Forgings 612.50
Happy Forgings 2092.90
Balu Forge Inds. 505.85
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