Results     11-Aug-17
Analysis
Kalyani Forge
A sluggish start
Related Tables
 Kalyani Forge : Standalone Results
For the quarter ended June 17, Kalyani Forge registered 5% growth in net sales to Rs 63.77 crore. OPM was however lower by 210 bps to 6.1% resulting in a 21% decrease in OP to Rs 3.86 crore. Other income was up by 295% to Rs 0.79 crore. Interest costs was higher by 13% to Rs 1.14 crore and depreciation was flat at Rs 2.72 crore. PBT stood at Rs 0.79 crore down by 41% YoY. After paying total tax of Rs 0.28 crore, PAT for the June 17 quarter stood at Rs 0.51 crore down by 42% on YoY basis.

Performance for the 12 months ended Mar 17

For the 12 months ended Mar 17, net sales stood at Rs 226.84 crore down by 2% YoY. OPM stood at 7.1% up by 50 bps resulting in a 5% increase in OP to Rs 16.13 crore. Other income was higher by 57% to Rs 4.43 crore. Interest cost is lower by 22% to Rs 3.45 crore. Depreciation was lower by 11% to Rs 10.41 crore. PBT was higher by 288% to Rs 6.70 crore. Total tax stood at Rs 2.15 crore up by 129%. PAT for 12 months ended Mar 17 stood at Rs 4.55 crore.

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