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Nitin Castings - Quaterly Results

22 May 2024 Evaluate
The Sales for the quarter ended March 2024 of Rs. 391.46 millions rose by 30.93% from Rs. 298.98 millions.The Net Profit of the company reported a remarkable increase of 233.62% to Rs. 23.12  millions  from Rs. 6.93 millions in previous same quarter.Operating Profit saw a handsome growth to 58.18 millions from 20.79 millions in the quarter ended March 2024.


(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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