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Happy Forgings - Quaterly Results

24 May 2024 Evaluate
The revenue for the March 2024 quarter is pegged at Rs. 3433.44 millions, about 13.51% up against Rs. 3024.70 millions recorded during the year-ago period.A good growth in profit of 29.74% reported to Rs. 657.86  millions over Rs. 507.07 millions of corresponding previous quarter.Operating profit for the quarter ended March 2024 rose to 1043.41 millions as compared to 875.27 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 3433.44 3024.70 13.51 13582.36 11965.29 13.51 13582.36 11965.29 13.51
Other Income 72.00 16.71 330.88 133.55 57.51 132.22 133.55 57.51 132.22
PBIDT 1043.41 875.27 19.21 4008.96 3466.87 15.64 4008.96 3466.87 15.64
Interest 8.64 53.42 -83.83 117.76 124.76 -5.61 117.76 124.76 -5.61
PBDT 1034.77 821.85 25.91 3891.20 3342.11 16.43 3891.20 3342.11 16.43
Depreciation 160.17 143.47 11.64 647.28 541.82 19.46 647.28 541.82 19.46
PBT 874.60 678.38 28.92 3243.92 2800.29 15.84 3243.92 2800.29 15.84
TAX 216.74 171.31 26.52 814.06 713.28 14.13 814.06 713.28 14.13
Deferred Tax 20.21 6.67 203.00 65.67 28.77 128.26 65.67 28.77 128.26
PAT 657.86 507.07 29.74 2429.86 2087.01 16.43 2429.86 2087.01 16.43
Equity 188.41 179.00 5.26 188.41 179.00 5.26 188.41 179.00 5.26
PBIDTM(%) 30.39 28.94 5.02 29.52 28.97 1.87 29.52 28.97 1.87
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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