For
the quarter ending March 2022, standalone net sales (including other operating income) of Endurance Technologies has declined 2.78% to Rs 1,554.42 crore compared to quarter ended march 2021.
Operating profit margin has declined from 14.81% to 12.66%, leading to 16.86% decline in operating profit to Rs 196.82 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 63.62% to 65.93%. Purchase of finished goods cost rose from 0.75% to 1.03%. Employee cost decreased from 4.66% to 4.52%. Other expenses fell from 16.15% to 15.95%. Other income up 261.05% to Rs 9.64 crore. PBIDT fell 13.76% to Rs 206.46 crore. Provision for interest up 20.59% to Rs 0.41 crore. Loan funds declined from Rs 49.49 crore as of 31 March 2021 to Rs 34.30 crore as of 31 March 2022. Inventories rose to Rs 366.68 crore as of 31 March 2022 from Rs 329.53 crore as of 31 March 2021. Sundry debtors were lower at Rs 801.09 crore as of 31 March 2022 compared to Rs 812.51 crore as of 31 March 2021. Cash and bank balance rose to Rs 103.14 crore as of 31 March 2022 from Rs 34.29 crore as of 31 March 2021. Investments rose to Rs 574.36 crore as of 31 March 2022 from Rs 534.84 crore as of 31 March 2021 .
PBDT fell 13.81% to Rs 206.05 crore. Provision for depreciation rose 2.96% to Rs 51.86 crore. Fixed assets increased to Rs 1,592.18 crore as of 31 March 2022 from Rs 1,457.29 crore as of 31 March 2021. Intangible assets increased from Rs 29.83 crore to Rs 61.96 crore.
Profit before tax down 18.29% to Rs 154.19 crore. Provision for tax was expense of Rs 39.46 crore, compared to Rs 49.59 crore. Effective tax rate was 25.59% compared to 26.28%.
Profit after tax fell 17.53% to Rs 114.73 crore.
Equity capital stood at Rs 140.66 crore as of 31 March 2022 to Rs 140.66 crore as of 31 March 2021. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 75.00% as of 31 March 2022 ,compared to 75.00% as of 31 March 2021 .
Full year results analysis
Net sales (including other operating income) of Endurance Technologies has increased 19.36% to Rs 5,697.09 crore. Operating profit margin has declined from 15.33% to 12.79%, leading to 0.40% decline in operating profit to Rs 728.66 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 61.63% to 65.27%. Purchase of finished goods cost rose from 0.93% to 0.94%. Employee cost decreased from 5.95% to 5.06%. Other expenses fell from 16.31% to 16.03%. Other income up 80% to Rs 24.39 crore. PBIDT rose 1.06% to Rs 753.05 crore. Provision for interest fell 62.08% to Rs 1.82 crore. Loan funds declined from Rs 49.49 crore as of 31 March 2021 to Rs 34.30 crore as of 31 March 2022. Inventories rose to Rs 366.68 crore as of 31 March 2022 from Rs 329.53 crore as of 31 March 2021. Sundry debtors were lower at Rs 801.09 crore as of 31 March 2022 compared to Rs 812.51 crore as of 31 March 2021. Cash and bank balance rose to Rs 103.14 crore as of 31 March 2022 from Rs 34.29 crore as of 31 March 2021. Investments rose to Rs 574.36 crore as of 31 March 2022 from Rs 534.84 crore as of 31 March 2021 .
PBDT rose 1.47% to Rs 751.23 crore. Provision for depreciation rose 0.16% to Rs 203.74 crore. Fixed assets increased to Rs 1,592.18 crore as of 31 March 2022 from Rs 1,457.29 crore as of 31 March 2021. Intangible assets increased from Rs 29.83 crore to Rs 61.96 crore.
Profit before tax grew 1.97% to Rs 547.49 crore. Extraordinary items were decreased to Rs -31.45 crore. Provision for tax was expense of Rs 134.3 crore, compared to Rs 133.5 crore. Effective tax rate was 26.03% compared to 25.39%.
Profit after tax fell 2.67% to Rs 381.74 crore.
Equity capital stood at Rs 140.66 crore as of 31 March 2022 to Rs 140.66 crore as of 31 March 2021. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 75.00% as of 31 March 2022 ,compared to 75.00% as of 31 March 2021 .
Cash flow from operating activities increased to Rs 548.92 crore for year ended March 2022 from Rs 296.78 crore for year ended March 2021. Cash flow used in acquiring fixed assets during the year ended March 2022 stood at Rs 357.56 crore, compared to Rs 199.65 crore during the year ended March 2021.
Other Highlights
Board recommended
dividend of Rs 6.25 per equity share of face value of Rs 10, each (62.5%), for
the financial year 2021-22. The dividend, shall be paid (subject to approval) on
or after 30th August, 2022 but before 22"d September, 2022.
Aftermarket
sales from Indian operations rose 35.2% to Rs 421.2 crore this year vs. Rs 311.6
crore in the corresponding period of last year.