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Ganga Forging - Quaterly Results

29 Oct 2024 Evaluate
A decent increase of about 34.32% in the sales to Rs. 115.11 millions was observed for the quarter ended September 2024. The sales figure stood at Rs. 85.70 millions during the year-ago period.Good  Net Profit growth of 26.36% reported above the corresponding previous quarter figure of Rs. 2.20 millions to Rs. 2.78 millioins.Operating Profit saw a handsome growth to 7.39 millions from 5.66 millions in the quarter ended September 2024.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202409 202309 % Var 202409 202309 % Var 202403 202303 % Var
Sales 115.11 85.70 34.32 200.21 184.30 8.63 372.12 334.10 11.38
Other Income 1.54 0.25 516.00 3.46 0.25 1284.00 0.93 0.77 20.78
PBIDT 7.39 5.66 30.57 15.25 10.85 40.55 25.89 20.68 25.19
Interest 2.26 1.81 24.86 5.18 3.45 50.14 8.51 8.09 5.19
PBDT 5.13 3.85 33.25 10.07 7.40 36.08 17.50 17.57 -0.40
Depreciation 2.67 2.19 21.92 5.16 4.38 17.81 9.97 8.76 13.81
PBT 2.46 1.66 48.19 4.91 3.02 62.58 7.53 8.81 -14.53
TAX -0.32 -0.54 -40.74 0.16 -0.38 -142.11 3.11 -7.76 -140.08
Deferred Tax -0.42 -0.54 -22.22 0.06 -0.38 -115.79 3.11 -7.76 -140.08
PAT 2.78 2.20 26.36 4.75 3.40 39.71 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(%) 6.42 6.60 -2.79 7.62 5.89 29.38 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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