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Nitin Castings - Quaterly Results

22 May 2024 Evaluate
The sales surged to Rs. 391.46 millions, up 30.93% for the March 2024 quarter as against Rs. 298.98 millions during the corresponding quarter previous year.The Net Profit of the company vaulted to 233.62% to Rs. 23.12  millions from Rs. 6.93 millions in the previous quarter.The company reported a good operating profit of 58.18 millions compared to 20.79 millions of corresponding previous quarter.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 391.46 298.98 30.93 1487.48 1333.80 11.52 1487.48 1333.80 11.52
Other Income 7.44 2.18 241.28 43.43 8.02 441.52 43.43 8.02 441.52
PBIDT 58.18 20.79 179.85 197.06 104.34 88.86 197.06 104.34 88.86
Interest 0.93 0.36 158.33 1.99 1.17 70.09 1.99 1.17 70.09
PBDT 33.58 20.43 64.37 171.40 103.17 66.13 171.40 103.17 66.13
Depreciation 4.72 3.98 18.59 16.93 18.04 -6.15 16.93 18.04 -6.15
PBT 28.86 16.45 75.44 154.47 85.13 81.45 154.47 85.13 81.45
TAX 5.74 9.52 -39.71 33.20 36.21 -8.31 33.20 36.21 -8.31
Deferred Tax -0.70 4.73 -114.80 3.26 14.18 -77.01 3.26 14.18 -77.01
PAT 23.12 6.93 233.62 121.27 48.92 147.89 121.27 48.92 147.89
Equity 25.71 25.71 0.00 25.71 25.71 0.00 25.71 25.71 0.00
PBIDTM(%) 14.86 6.95 113.74 13.25 7.82 69.35 13.25 7.82 69.35
Peers
Company Name CMP
AIA Engineering 3973.15
Alicon Castalloy 745.45
Nelcast 107.40
PTC Industries 22396.45
Synergy Green Inds. 684.00
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