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LGB Forge - Quaterly Results

22 May 2024 Evaluate
The sales slipped to Rs. 198.08 millions for the March 2024 quarter as against Rs. 266.44 millions during the year-ago period.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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