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Garg Furnace - Quaterly Results

23 Jul 2024 Evaluate
With no major difference for the quarter endedJune 2024 , the total revenue stood at Rs. 623.28  millions.Net Profit witnessed a 205.47% growth almost the double from Rs. 5.12 millions to Rs. 15.64  millions  of same quarter last year.Operating profit for the quarter ended June 2024 rose to 19.87 millions as compared to 9.41 millions of corresponding quarter ended June 2023.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202406 202306 % Var 202406 202306 % Var 202403 202303 % Var
Sales 623.28 617.50 0.94 623.28 617.50 0.94 2580.26 2382.44 8.30
Other Income 1.26 0.34 270.59 1.26 0.34 270.59 13.28 2.04 550.98
PBIDT 19.87 9.41 111.16 19.87 9.41 111.16 73.05 75.12 -2.76
Interest 0.29 0.45 -35.56 0.29 0.45 -35.56 1.76 1.59 10.69
PBDT 19.58 8.96 118.53 19.58 8.96 118.53 71.29 73.53 -3.05
Depreciation 3.94 3.84 2.60 3.94 3.84 2.60 15.70 14.14 11.03
PBT 15.64 5.12 205.47 15.64 5.12 205.47 55.59 59.39 -6.40
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 15.64 5.12 205.47 15.64 5.12 205.47 55.59 59.39 -6.40
Equity 46.09 40.09 14.97 46.09 40.09 14.97 46.09 40.09 14.97
PBIDTM(%) 3.19 1.52 109.20 3.19 1.52 109.20 2.83 3.15 -10.21
Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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