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Ganga Forging - Quaterly Results

03 Aug 2024 Evaluate
The sales is pegged at Rs. 85.10 millions for the June 2024 quarter. The mentioned figure indicates decline with the sales recorded at Rs. 98.60 millions during the year-ago period.Handsome Net Profit growth of 64.17% reported above the corresponding previous quarter figure of Rs. 1.97 millions to Rs. 1.20 millions.Operating profit surged to 7.86 millions from the corresponding previous quarter of 5.19 millions.


(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 1859.95
Ramkrishna Forgings 535.30
MM Forgings 463.25
Happy Forgings 1336.75
Balu Forge Industrie 486.20
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