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GG Automotive Gears - Quaterly Results

23 May 2024 Evaluate
The sales for the March 2024 quarter moved up 30.54% to Rs. 293.70 millions as compared to Rs. 224.98 millions during the corresponding quarter last year.Net Profit for the quarter ended March 2024 zoomed to 116.03% from Rs. 5.74 millions to Rs. 12.40  millions.Operating profit for the quarter ended March 2024 rose to 43.81 millions as compared to 20.50 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 293.70 224.98 30.54 952.82 772.76 23.30 952.82 772.76 23.30
Other Income 1.61 2.39 -32.64 4.33 3.72 16.40 4.33 3.72 16.40
PBIDT 43.81 20.50 113.71 124.83 80.28 55.49 124.83 80.28 55.49
Interest 6.66 7.65 -12.94 22.24 26.26 -15.31 22.24 26.26 -15.31
PBDT 37.15 12.85 189.11 102.59 54.02 89.91 102.59 54.02 89.91
Depreciation 10.54 10.37 1.64 39.06 35.87 8.89 39.06 35.87 8.89
PBT 26.61 2.48 972.98 63.53 18.15 250.03 63.53 18.15 250.03
TAX 14.21 -3.26 -535.89 19.22 -1.26 -1625.40 19.22 -1.26 -1625.40
Deferred Tax 8.25 4.80 71.88 8.25 4.80 71.88 8.25 4.80 71.88
PAT 12.40 5.74 116.03 44.31 19.41 128.28 44.31 19.41 128.28
Equity 83.31 79.19 5.20 83.31 79.19 5.20 83.31 79.19 5.20
PBIDTM(%) 14.92 9.11 63.70 13.10 10.39 26.11 13.10 10.39 26.11
Peers
Company Name CMP
SamvardhanaMotherson 164.40
Tube Investments 2605.00
Bosch 47800.00
UNO Minda 1240.00
Bombay Burmah Trdg. 1510.30
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