MM Forgings Ltd posts consolidated PAT of Rs. 29 crores in Q1 FY2024

MM Forgings Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 375.4267 crores during the period ended June 30, 2023 as compared to Rs. 393.0073 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 29.0004 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 30.6269 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 12.01 for the period ended June 30, 2023 as compared to Rs. 12.75 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 375.4267 crs	₹393.0073 crs	-4.47%
Net Profit	₹29.0004 crs	₹30.6269 crs	-5.31%
EPS	₹12.01	₹12.75	-5.80%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 375.4267 crores during the period ended June 30, 2023 as compared to Rs.343.6155 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.29.0004 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.28.3163 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.12.01 for the period ended June 30, 2023 as compared to Rs.11.73 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 375.4267 crs	₹343.6155 crs	9.26%
Net Profit	₹29.0004 crs	₹28.3163 crs	2.42%
EPS	₹12.01	₹11.73	2.39%

Shares of MM Forgings Limited was last trading in BSE at Rs. 1048.20 as compared to the previous close of Rs. 1070.00. The total number of shares traded during the day was 4504 in over 586 trades.

The stock hit an intraday high of Rs. 1091.40 and intraday low of 1040.05. The net turnover during the day was Rs. 4875514.00.

Source : Equity Bulls

Keywords

MMForgings Q1FY24 ResultUpdate