M M Forgings consolidated net profit rises 1015.03% in the March 2021 quarter

Sales rise 76.83% to Rs 292.52 crore

Net profit of M M Forgings rose 1015.03% to Rs 34.12 crore in the quarter ended March 2021 as against Rs 3.06 crore during the previous quarter ended March 2020. Sales rose 76.83% to Rs 292.52 crore in the quarter ended March 2021 as against Rs 165.42 crore during the previous quarter ended March 2020.

For the full year,net profit rose 11.43% to Rs 46.71 crore in the year ended March 2021 as against Rs 41.92 crore during the previous year ended March 2020. Sales declined 1.64% to Rs 729.95 crore in the year ended March 2021 as against Rs 742.13 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales292.52165.42 77 729.95742.13 -2 OPM %20.3314.51 -17.4417.81 - PBDT53.0221.43 147 113.81112.45 1 PBT34.584.07 750 50.4552.90 -5 NP34.123.06 1015 46.7141.92 11

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