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MM Forgings - Quaterly Results

29 May 2024 Evaluate
The Total revenue for the quarter ended March 2024 of  Rs. 3885.83 millions remain, more or less, the same.Good  Net Profit growth of 34.25% reported above the corresponding previous quarter figure of Rs. 283.31 millions to Rs. 380.35 millioins.The company reported a good operating profit of 824.47 millions compared to 693.38 millions of corresponding previous quarter.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 3885.83 3733.29 4.09 15270.83 14127.79 8.09 15270.83 14127.79 8.09
Other Income 71.86 53.28 34.87 253.75 161.41 57.21 253.75 161.41 57.21
PBIDT 824.47 693.38 18.91 3137.72 2746.05 14.26 3137.72 2746.05 14.26
Interest 132.67 72.50 82.99 425.64 295.66 43.96 425.64 295.66 43.96
PBDT 691.80 620.88 11.42 2712.08 2450.39 10.68 2712.08 2450.39 10.68
Depreciation 175.48 177.45 -1.11 724.93 693.52 4.53 724.93 693.52 4.53
PBT 516.32 443.43 16.44 1987.15 1756.87 13.11 1987.15 1756.87 13.11
TAX 135.97 160.12 -15.08 539.65 495.49 8.91 539.65 495.49 8.91
Deferred Tax 15.00 10.12 48.22 55.00 32.99 66.72 55.00 32.99 66.72
PAT 380.35 283.31 34.25 1447.50 1261.38 14.76 1447.50 1261.38 14.76
Equity 241.41 241.41 0.00 241.41 241.41 0.00 241.41 241.41 0.00
PBIDTM(%) 21.22 18.57 14.24 20.55 19.44 5.71 20.55 19.44 5.71
Peers
Company Name CMP
Bharat Forge 2005.00
Ramkrishna Forgings 702.80
MM Forgings 615.85
Happy Forgings 2065.70
Balu Forge Inds. 508.20
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