Capitaline

Consolidated net sales of Shivalik Bimetal Controls for the quarter ended Sep 2022 has increased 54.27% to Rs 117.6 crore. Operating profit margin has declined from 23.39% to 22.95%, leading to 51.37% rise in operating profit to Rs 26.99 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 51.18% to 52.39%. Employee cost decreased from 8.66% to 8.56%. Other expenses fell from 18.04% to 16.91%. Other income rose 78.69% to Rs 2.18 crore. PBIDT rose 53.12% to Rs 29.17 crore. Provision for interest rose 397.30% to Rs 1.84 crore. PBDT rose 46.31% to Rs 27.33 crore. Provision for depreciation rose 73.83% to Rs 2.59 crore. Profit before tax grew 43.92% to Rs 24.74 crore. Share of profit/loss was 51.19% higher at Rs 1.27 crore. Provision for tax was expense of Rs 6.76 crore, compared to Rs 4.48 crore. Effective tax rate was 25.99% compared to 24.85%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 42.07% to Rs 19.25 crore.

Net sales (including other operating income) of Shivalik Bimetal Controls has increased 55.85% to Rs 228.38 crore. Operating profit margin has declined from 22.98% to 22.95%, leading to 55.66% rise in operating profit to Rs 52.41 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 52.33% to 54.84%. Employee cost decreased from 8.21% to 7.81%. Other expenses fell from 18.02% to 15.81%. Other income rose 351.44% to Rs 9.39 crore. PBIDT rose 72.87% to Rs 61.8 crore. Provision for interest rose 331.25% to Rs 3.45 crore. PBDT rose 66.95% to Rs 58.35 crore. Provision for depreciation rose 72.95% to Rs 5.05 crore. Profit before tax grew 66.41% to Rs 53.30 crore. Share of profit/loss was 55.64% higher at Rs 2.07 crore. Provision for tax was expense of Rs 14.43 crore, compared to Rs 8.21 crore. Effective tax rate was 26.06% compared to 24.61%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 62.78% to Rs 40.94 crore.

Equity capital stood at Rs 7.68 crore as of 30 September 2022 to Rs 7.68 crore as of 30 September 2021. Per share face Value remained same at Rs 2.00.

Promoters’ stake was 60.61% as of 30 September 2022 ,compared to 60.61% as of 30 September 2021.

Quarter ended

Year to Date

Year ended

Particulars

202209

202109

Var.(%)

202209

202109

Var.(%)

202203

202103

Var.(%)

Net Sales (including other operating income)

117.60

76.23

54.27

228.38

146.54

55.85

323.99

203.72

59.04

OPM (%)

22.95

23.39

-44 bps

22.95

22.98

-3 bps

22.68

17.74

494 bps

26.99

17.83

51.37

52.41

33.67

55.66

73.48

36.14

103.32

Other Inc.

2.18

1.22

78.69

9.39

2.08

351.44

5.45

4.05

34.57

PBIDT

29.17

19.05

53.12

61.80

35.75

72.87

78.93

40.19

96.39

Interest

1.84

0.37

397.30

3.45

0.80

331.25

2.76

1.63

69.33

PBDT

27.33

18.68

46.31

58.35

34.95

66.95

76.17

38.56

97.54

Depreciation

2.59

1.49

73.83

5.05

2.92

72.95

6.38

5.9

8.14

PBT

24.74

17.19

43.92

53.3

32.03

66.41

69.79

32.66

113.69

Share of Profit/(Loss) from Associates

1.27

0.84

51.19

2.07

1.33

55.64

3.51

1.67

110.18

PBT before EO

26.01

18.03

44.26

55.37

33.36

65.98

73.3

34.33

113.52

EO Income

PBT after EO

26.01

18.03

44.26

55.37

33.36

65.98

73.3

34.33

113.52

Taxation

6.76

4.48

50.89

14.43

8.21

75.76

18.19

8.84

105.77

PAT

19.25

13.55

42.07

40.94

25.15

62.78

55.11

25.49

116.20

Minority Interest (MI)

Net profit

19.25

13.55

42.07

40.94

25.15

62.78

55.11

25.49

116.20

P/(L) from discontinued operations net of tax

Net profit after discontinued operations

19.25

13.55

42.07

40.94

25.15

62.78

55.11

25.49

116.20

EPS (Rs)*

3.34

2.35

42.07

7.11

4.37

62.78

9.57

4.43

116.20

* EPS is on current equity of Rs 11.52 crore, Face value of Rs 2, Excluding extraordinary items.

# EPS is not annualised

bps : Basis points

EO : Extraordinary items

Figures in Rs crore

Source: Capitaline Corporate Database