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Ganga Forging - Quaterly Results

03 Aug 2024 Evaluate
Net sales declined -13.69%  to  Rs. 85.10 million from Rs. 98.60 millions.Profit for the quarter ended June 2024 rises by 64.17% to Rs. 1.97  millions from Rs. 1.20 millions.OP of the company witnessed a marginal growth to 7.86 millions from 5.19 millions in the same quarter last year.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202406 202306 % Var 202406 202306 % Var 202403 202303 % Var
Sales 85.10 98.60 -13.69 85.10 98.60 -13.69 372.12 334.10 11.38
Other Income 1.92 0.00 0.00 1.92 0.00 0.00 0.93 0.77 20.78
PBIDT 7.86 5.19 51.45 7.86 5.19 51.45 25.89 20.68 25.19
Interest 2.92 1.64 78.05 2.92 1.64 78.05 8.51 8.09 5.19
PBDT 4.94 3.55 39.15 4.94 3.55 39.15 17.50 17.57 -0.40
Depreciation 2.49 2.19 13.70 2.49 2.19 13.70 9.97 8.76 13.81
PBT 2.45 1.36 80.15 2.45 1.36 80.15 7.53 8.81 -14.53
TAX 0.48 0.16 200.00 0.48 0.16 200.00 3.11 -7.76 -140.08
Deferred Tax 0.48 0.16 200.00 0.48 0.16 200.00 3.11 -7.76 -140.08
PAT 1.97 1.20 64.17 1.97 1.20 64.17 4.42 16.57 -73.33
Equity 134.80 105.96 27.22 134.80 105.96 27.22 134.18 105.96 26.63
PBIDTM(%) 9.24 5.26 75.47 9.24 5.26 75.47 6.96 6.19 12.40
Peers
Company Name CMP
Bharat Forge 1737.45
Ramkrishna Forgings 613.85
MM Forgings 481.30
Happy Forgings 1815.00
Balu Forge Inds. 441.60
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