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Krishanveer Forge - Quaterly Results

17 May 2024 Evaluate
The company witnessed a 23.55% growth in the revenue at Rs. 235.01 millions for the quarter ended March 2024 as compared to Rs. 190.21 millions during the year-ago period.Net Profit of the company move down -35.09% to Rs. 10.45  millions from Rs. 16.10 millions  in the same quarter last year.A decline of 25.17 millions was observed in the OP in the quarter ended March 2024 from 25.67 millions on QoQ basis.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 235.01 190.21 23.55 842.54 815.17 3.36 842.54 815.17 3.36
Other Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBIDT 25.17 25.67 -1.95 74.98 45.96 63.14 74.98 45.96 63.14
Interest 2.74 1.96 39.80 4.79 9.35 -48.77 4.79 9.35 -48.77
PBDT 22.43 23.71 -5.40 70.19 36.61 91.72 70.19 36.61 91.72
Depreciation 3.88 3.91 -0.77 15.47 16.20 -4.51 15.47 16.20 -4.51
PBT 18.55 19.80 -6.31 54.72 20.41 168.10 54.72 20.41 168.10
TAX 8.10 3.70 118.92 14.82 3.96 274.24 14.82 3.96 274.24
Deferred Tax 0.53 0.37 43.24 -0.31 0.63 -149.21 -0.31 0.63 -149.21
PAT 10.45 16.10 -35.09 39.90 16.45 142.55 39.90 16.45 142.55
Equity 109.39 109.39 0.00 109.39 109.39 0.00 109.39 109.39 0.00
PBIDTM(%) 10.71 13.50 -20.64 8.90 5.64 57.84 8.90 5.64 57.84
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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