Forbes Precision Tools Mach Part Q1 Results Income ₹5,198 Lakhs & Profit ₹483 Lakhs

Forbes Precision Tools Mach Part Q1 Results

Forbes Precision Tools Mach Part Q1 Results: In this quarter, Forbes Precision Tools Mach earned a total of ₹5,198 lakhs, combining ₹5,177 lakhs from its main business activities and ₹21 lakhs from other sources. The company’s total expenses were ₹4,547 lakhs. This includes costs for materials, purchases, changes in stock, employee salaries, interest on loans, depreciation, and other expenses. After subtracting these expenses from the income, the company made a profit of ₹651 lakhs before accounting for exceptional items and taxes.

Forbes Precision Tools Mach were no exceptional items in this quarter, so the profit before tax remained ₹651 lakhs. After paying taxes of ₹168 lakhs, the company’s net profit for the quarter was ₹483 lakhs. The statement also includes other comprehensive income, which accounts for changes in the value of retirement plans and related taxes. After considering these, the total comprehensive income for the quarter was ₹426 lakhs.

Compared to the previous quarter and the same quarter last year, Forbes Precision Tools Mach’s performance shows a decrease in income and profit, but it remains profitable. The earnings per share (EPS) for this quarter are ₹0.94.

Here's the Statement of Profit & Loss for Forbes Precision Tools and Machine Parts in a table format:

Source: Here 

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Forbes Precision Tools Mach Financial Metrics

The Forbes Precision Tools Mach table provides a snapshot of a company's key financial metrics. "Market Cap" shows the total value of all the company's shares, which is ₹1,668 crore. The "Current Price" is ₹323 per share. The "High / Low" indicates the highest and lowest prices of the stock, which are ₹417 and ₹209, respectively. 

Here's the information presented in a table format:

Quarterly Results 

Forbes Precision Tools Mach's quarterly results show their financial performance over three periods. In December 2023, the company had sales of ₹60.27 crore and expenses of ₹48.02 crore, resulting in an operating profit of ₹12.25 crore and an operating profit margin (OPM) of 20.33%. By March 2024, sales increased to ₹66.14 crore, and expenses slightly decreased to ₹47.52 crore, leading to a higher operating profit of ₹18.62 crore and an improved OPM of 28.15%. 

Here's a summary of the quarterly results for December 2023, March 2024, and June 2024:

About Forbes Precision Tools Mach 

Forbes Precision Tools and Machine Parts was formed from a part of Forbes & Company, which is one of the oldest companies in the world, founded in 1767 by John Forbes of Scotland. Initially known for its broad range of products and services, Forbes & Company's precision tool business has now become FPTMPL, which focuses on manufacturing high-quality cutting tools. Forbes Precision Tools and Machine is now part of the Shapoorji Pallonji Group, a major player in infrastructure and construction.

Forbes Precision Tools and Machine makes various precision tools under brands like TOTEM, BBBB, and Forbes Kendo. These tools include taps, dies, rotary burrs, and hand tools used for threading, drilling, and milling. The company’s products are used in industries such as aerospace, automotive, and oil and gas. 

Forbes Precision Tools and Machine operates a large manufacturing facility in Aurangabad, India, and has a vast distribution network in India and over 40 other countries. The company's goal is to lead the market with innovative solutions and excellent quality while being committed to customer satisfaction and responsible practices towards the environment and society.