M M Forgings standalone net profit rises 114.67% in the March 2018 quarter

Sales rise 71.04% to Rs 197.65 crore

Net profit of M M Forgings rose 114.67% to Rs 27.37 crore in the quarter ended March 2018 as against Rs 12.75 crore during the previous quarter ended March 2017. Sales rose 71.04% to Rs 197.65 crore in the quarter ended March 2018 as against Rs 115.56 crore during the previous quarter ended March 2017.

For the full year,net profit rose 57.78% to Rs 68.51 crore in the year ended March 2018 as against Rs 43.42 crore during the previous year ended March 2017. Sales rose 30.51% to Rs 600.91 crore in the year ended March 2018 as against Rs 460.43 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales197.65115.56 71 600.91460.43 31 OPM %19.5320.46 -20.7120.14 - PBDT38.9823.52 66 123.9294.07 32 PBT28.4813.84 106 81.9255.14 49 NP27.3712.75 115 68.5143.42 58

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