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LGB Forge - Quaterly Results

22 May 2024 Evaluate
The sales declined to Rs. 198.08 millions for the March 2024 quarter as compared to Rs. 266.44 millions during the corresponding quarter last year.The Net Loss for the quarter ended March 2024 is Rs. -24.64 millions as compared to Net Loss of Rs. -0.24 millions of corresponding quarter ended March 2023Operating profit Margin for the quarter ended March 2024 slipped to -11.57% as compared to 13.31% 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 198.08 266.44 -25.66 893.79 915.28 -2.35 893.79 915.28 -2.35
Other Income 0.36 3.83 -90.60 6.14 11.95 -48.62 6.14 11.95 -48.62
PBIDT -11.57 13.31 -186.93 3.12 -37.09 -108.41 3.12 -37.09 -108.41
Interest 6.39 6.52 -1.99 31.66 21.43 47.74 31.66 21.43 47.74
PBDT -17.96 6.79 -364.51 -28.54 -58.52 -51.23 -28.54 -58.52 -51.23
Depreciation 6.68 7.03 -4.98 27.69 30.09 -7.98 27.69 30.09 -7.98
PBT -24.64 -0.24 10166.67 -56.23 -88.61 -36.54 -56.23 -88.61 -36.54
TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT -24.64 -0.24 10166.67 -56.23 -88.61 -36.54 -56.23 -88.61 -36.54
Equity 238.20 238.20 0.00 238.20 238.20 0.00 238.20 238.20 0.00
PBIDTM(%) -5.84 5.00 -216.93 0.35 -4.05 -108.61 0.35 -4.05 -108.61
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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