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Consolidated net sales (including other operating income) of Power Mech Projects for the quarter ended Sep 2022 has increased 43.02% to Rs 771.37 crore. Operating profit margin has jumped from 10.71% to 11.22%, leading to 49.83% rise in operating profit to Rs 86.57 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 14.07% to 12.39%. Employee cost decreased from 17.19% to 17.15%. Other expenses rose from 58.07% to 59.31%. Selling and administration expenses rose from 56.97% to 58.18%. Construction development cost rose from 56.97% to 58.18%. Other income fell 40.93% to Rs 2.93 crore. PBIDT rose 42.65% to Rs 89.5 crore. Provision for interest rose 27.15% to Rs 21.45 crore. PBDT rose 48.35% to Rs 68.05 crore. Provision for depreciation rose 7.97% to Rs 10.03 crore. Fixed assets increased to Rs 188.06 crore as of 30 September 2022 from Rs 173.37 crore as of 30 September 2021. Intangible assets declined from Rs 2.52 crore to Rs 2.47 crore. Profit before tax grew 58.61% to Rs 58.02 crore. Share of profit/loss was 84.46% higher at Rs -0.3 crore. Provision for tax was expense of Rs 15.02 crore, compared to Rs 7.6 crore. Effective tax rate was 26.02% compared to 21.93%. Minority interest decreased 3,600% to Rs -1.11 crore. Net profit attributable to owners of the company increased 61.78% to Rs 43.81 crore. Half yearly performance
Consolidated net sales (including other operating income) of Power Mech Projects has increased 30.61% to Rs 1517.98 crore. Operating profit margin has jumped from 10.65% to 11.21%, leading to 37.38% rise in operating profit to Rs 170.09 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 12.78% to 13.83%. Employee cost increased from 16.15% to 17.05%. Other expenses fell from 60.44% to 57.97%. Selling and administration expenses fell from 59.38% to 56.84%. Construction development cost fell from 59.38% to 56.84%. Other income fell 51.23% to Rs 4.96 crore. PBIDT rose 30.65% to Rs 175.05 crore. Provision for interest rose 15.89% to Rs 41.79 crore. PBDT rose 36.09% to Rs 133.26 crore. Provision for depreciation rose 8.96% to Rs 19.95 crore. Profit before tax grew 42.33% to Rs 113.31 crore. Share of profit/loss was 21.05% higher at Rs -2.55 crore. Provision for tax was expense of Rs 28.62 crore, compared to Rs 17.88 crore. Effective tax rate was 25.84% compared to 23.41%. Minority interest decreased 5,700% to Rs -1.16 crore. Net profit attributable to owners of the company increased 42.34% to Rs 83.30 crore. Equity capital stood at Rs 14.71 crore as of 30 September 2022 to Rs 14.71 crore as of 30 September 2021. Per share face Value remained same at Rs 10.00. Promoters’ stake was 63.69% as of 30 September 2022 ,compared to 63.70% as of 30 September 2021 . Loan funds declined from Rs 565.16 crore as of 30 September 2021 to Rs 487.53 crore as of 30 September 2022. Inventories rose to Rs 130.73 crore as of 30 September 2022 from Rs 121.87 crore as of 30 September 2021. Sundry debtors were higher at Rs 583.95 crore as of 30 September 2022 compared to Rs 484.38 crore as of 30 September 2021. Cash and bank balance rose to Rs 122.91 crore as of 30 September 2022 from Rs 74.36 crore as of 30 September 2021. Investments declined from Rs 40.94 crore as of 30 September 2021 to Rs 38.75 crore as of 30 September 2022. Fixed assets increased to Rs 188.06 crore as of 30 September 2022 from Rs 173.37 crore as of 30 September 2021. Intangible assets declined from Rs 2.52 crore to Rs 2.47 crore.
| Power Mech Projects : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202209 | 202109 | Var.(%) | 202209 | 202109 | Var.(%) | 202203 | 202103 | Var.(%) |
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| Net Sales (including other operating income) | 771.37 | 539.33 | 43.02 | 1,517.98 | 1,162.18 | 30.61 | 2,710.48 | 1,884.09 | 43.86 | | OPM (%) | 11.22 | 10.71 | 51 bps | 11.21 | 10.65 | 55 bps | 10.55 | 2.22 | 833 bps | | OP | 86.57 | 57.78 | 49.83 | 170.09 | 123.81 | 37.38 | 286.01 | 41.87 | 583.09 | | Other Inc. | 2.93 | 4.96 | -40.93 | 4.96 | 10.17 | -51.23 | 17.32 | 16.34 | 6.00 | | PBIDT | 89.50 | 62.74 | 42.65 | 175.05 | 133.98 | 30.65 | 303.33 | 58.21 | 421.10 | | Interest | 21.45 | 16.87 | 27.15 | 41.79 | 36.06 | 15.89 | 79.48 | 79.25 | 0.29 | | PBDT | 68.05 | 45.87 | 48.35 | 133.26 | 97.92 | 36.09 | 223.85 | -21.04 | LP | | Depreciation | 10.03 | 9.29 | 7.97 | 19.95 | 18.31 | 8.96 | 36.9 | 35.77 | 3.16 | | PBT | 58.02 | 36.58 | 58.61 | 113.31 | 79.61 | 42.33 | 186.95 | -56.81 | LP | | Share of Profit/(Loss) from Associates | -0.3 | -1.93 | 84.46 | -2.55 | -3.23 | 21.05 | -2.27 | -3.09 | 26.54 | | PBT before EO | 57.72 | 34.65 | 66.58 | 110.76 | 76.38 | 45.01 | 184.68 | -59.9 | LP | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 57.72 | 34.65 | 66.58 | 110.76 | 76.38 | 45.01 | 184.68 | -59.9 | LP | | Taxation | 15.02 | 7.6 | 97.63 | 28.62 | 17.88 | 60.07 | 46.18 | -11.33 | PL | | PAT | 42.7 | 27.05 | 57.86 | 82.14 | 58.5 | 40.41 | 138.5 | -48.57 | LP | | Minority Interest (MI) | -1.11 | -0.03 | -3,600.00 | -1.16 | -0.02 | -5,700.00 | -0.5 | -2.97 | 83.16 | | Net profit | 43.81 | 27.08 | 61.78 | 83.3 | 58.52 | 42.34 | 139 | -45.6 | LP | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 43.81 | 27.08 | 61.78 | 83.3 | 58.52 | 42.34 | 139 | -45.6 | LP | | EPS (Rs)* | 29.78 | 18.41 | 61.78 | 56.63 | 39.78 | 42.34 | 94.49 | -31.00 | LP | | | * EPS is on current equity of Rs 14.71 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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