MM Forgings Ltd Q1FY23 consolidated PAT higher at Rs. 28.31 crores

MM Forgings Limited has reported Consolidated financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 343.6155 crores during the period ended June 30, 2022 as compared to Rs. 327.9622 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 28.3163 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 11.4184 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 11.73 for the period ended June 30, 2022 as compared to Rs. 4.73 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 343.6155 crs	₹327.9622 crs	4.77%
Net Profit	₹28.3163 crs	₹11.4184 crs	147.99%
EPS	₹11.73	₹4.73	147.99%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 343.6155 crores during the period ended June 30, 2022 as compared to Rs.250.4467 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.28.3163 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.23.0779 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.11.73 for the period ended June 30, 2022 as compared to Rs.9.56 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 343.6155 crs	₹250.4467 crs	37.20%
Net Profit	₹28.3163 crs	₹23.0779 crs	22.70%
EPS	₹11.73	₹9.56	22.70%

Shares of MM Forgings Limited was last trading in BSE at Rs. 952.10 as compared to the previous close of Rs. 922.35. The total number of shares traded during the day was 7600 in over 1082 trades.

The stock hit an intraday high of Rs. 968.00 and intraday low of 901.60. The net turnover during the day was Rs. 7163114.00.

Source : Equity Bulls

Keywords

MMForgings Q1FY23 ResultUpdate