|
For
the quarter ending dec 2022, consolidated Net sales (including other operating income) of NDR Auto Components has increased 90.75% to Rs 105.73 crore compared to quarter ended Dec 2021. Operating profit margin has jumped from 3.95% to 7.06%, leading to 240.64% rise in operating profit to Rs 7.46 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 74.67% to 76.32%. Employee cost decreased from 4.29% to 3.31%. Other expenses fell from 17.00% to 13.57%. Other income fell 55.14% to Rs 1.31 crore. PBIDT rose 71.62% to Rs 8.77 crore. Provision for interest rose 231.25% to Rs 0.53 crore. PBDT rose 66.46% to Rs 8.24 crore. Provision for depreciation rose 41.18% to Rs 2.64 crore. Profit before tax grew 81.82% to Rs 5.60 crore. Share of profit/loss was 43.43% higher at Rs 1.42 crore. Provision for tax was expense of Rs 1.34 crore, compared to Rs 0.87 crore. Effective tax rate was 19.09% compared to 21.38%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 77.50% to Rs 5.68 crore. Promoters’ stake was 73.95% as of 31 December 2022 ,compared to 73.95% as of 31 December 2021 .
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of NDR Auto Components has increased 71.63% to Rs 262.53 crore. Operating profit margin has jumped from 5.37% to 7.95%, leading to 154.32% rise in operating profit to Rs 20.88 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 74.85% to 74.87%. Employee cost decreased from 4.24% to 3.35%. Other expenses fell from 15.55% to 13.95%. Other income fell 43.59% to Rs 3.52 crore. PBIDT rose 68.86% to Rs 24.4 crore. Provision for interest rose 254.29% to Rs 1.24 crore. PBDT rose 64.26% to Rs 23.16 crore. Provision for depreciation rose 8.17% to Rs 5.69 crore. Profit before tax grew 97.62% to Rs 17.47 crore. Share of profit/loss was 141.12% higher at Rs 5.16 crore. Provision for tax was expense of Rs 4.49 crore, compared to Rs 2.16 crore. Effective tax rate was 19.84% compared to 19.67%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 105.67% to Rs 18.14 crore. Promoters’ stake was 73.95% as of 31 December 2022 ,compared to 73.95% as of 31 December 2021 .
Full year results analysis.
Net sales (including other operating income) of NDR Auto Components has increased 103.76% to Rs 232.55 crore. Operating profit margin has jumped from 5.57% to 5.99%, leading to 119.18% rise in operating profit to Rs 13.94 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 74.34% to 76.06%. Employee cost decreased from 4.81% to 3.92%. Other expenses fell from 15.27% to 14.03%. Other income fell 0.39% to Rs 7.7 crore. PBIDT rose 53.58% to Rs 21.64 crore. Provision for interest rose 508.33% to Rs 0.73 crore. Loan funds rose to Rs 12.97 crore as of 31 March 2022 from Rs 4.44 crore as of 31 March 2021. Inventories rose to Rs 21.26 crore as of 31 March 2022 from Rs 12.39 crore as of 31 March 2021. Sundry debtors were lower at Rs 30.46 crore as of 31 March 2022 compared to Rs 31.11 crore as of 31 March 2021. Cash and bank balance declined from Rs 85.49 crore as of 31 March 2021 to Rs 51.45 crore as of 31 March 2022. Investments rose to Rs 42.81 crore as of 31 March 2022 from Rs 40.22 crore as of 31 March 2021 . PBDT rose 49.68% to Rs 20.91 crore. Provision for depreciation rose 47.48% to Rs 7.33 crore. Fixed assets increased to Rs 79.18 crore as of 31 March 2022 from Rs 44.24 crore as of 31 March 2021. Intangible assets increased from Rs 0.03 crore to Rs 0.15 crore. Profit before tax grew 50.89% to Rs 13.58 crore. Share of profit/loss was 115.74% higher at Rs 4.66 crore. Provision for tax was expense of Rs 3.35 crore, compared to Rs 2.63 crore. Effective tax rate was 18.37% compared to 23.57%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 74.56% to Rs 14.89 crore. Equity capital stood at Rs 5.95 crore as of 31 March 2022 to Rs 5.95 crore as of 31 March 2021. Per share face Value remained same at Rs 10.00. Promoters’ stake was 73.95% as of 31 March 2022 ,compared to 73.86% as of 31 March 2021 . Cash flow from operating activities has turned positive Rs 0.55 crore for year ended March 2022 from negative Rs 1.77 crore for year ended March 2021. Cash flow used in acquiring fixed assets during the year ended March 2022 stood at Rs 29.25 crore, compared to Rs 14.72 crore during the year ended March 2021.
| NDR Auto Components : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202212 | 202112 | Var.(%) | 202212 | 202112 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 105.73 | 55.43 | 90.75 | 262.53 | 152.96 | 71.63 | 232.55 | 114.13 | 103.76 | | OPM (%) | 7.06 | 3.95 | 310 bps | 7.95 | 5.37 | 259 bps | 5.99 | 5.57 | 42 bps | | OP | 7.46 | 2.19 | 240.64 | 20.88 | 8.21 | 154.32 | 13.94 | 6.36 | 119.18 | | Other Inc. | 1.31 | 2.92 | -55.14 | 3.52 | 6.24 | -43.59 | 7.70 | 7.73 | -0.39 | | PBIDT | 8.77 | 5.11 | 71.62 | 24.40 | 14.45 | 68.86 | 21.64 | 14.09 | 53.58 | | Interest | 0.53 | 0.16 | 231.25 | 1.24 | 0.35 | 254.29 | 0.73 | 0.12 | 508.33 | | PBDT | 8.24 | 4.95 | 66.46 | 23.16 | 14.10 | 64.26 | 20.91 | 13.97 | 49.68 | | Depreciation | 2.64 | 1.87 | 41.18 | 5.69 | 5.26 | 8.17 | 7.33 | 4.97 | 47.48 | | PBT | 5.60 | 3.08 | 81.82 | 17.47 | 8.84 | 97.62 | 13.58 | 9 | 50.89 | | Share of Profit/(Loss) from Associates | 1.42 | 0.99 | 43.43 | 5.16 | 2.14 | 141.12 | 4.66 | 2.16 | 115.74 | | PBT before EO | 7.02 | 4.07 | 72.48 | 22.63 | 10.98 | 106.10 | 18.24 | 11.16 | 63.44 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 7.02 | 4.07 | 72.48 | 22.63 | 10.98 | 106.10 | 18.24 | 11.16 | 63.44 | | Taxation | 1.34 | 0.87 | 54.02 | 4.49 | 2.16 | 107.87 | 3.35 | 2.63 | 27.38 | | PAT | 5.68 | 3.2 | 77.50 | 18.14 | 8.82 | 105.67 | 14.89 | 8.53 | 74.56 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 5.68 | 3.2 | 77.50 | 18.14 | 8.82 | 105.67 | 14.89 | 8.53 | 74.56 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 5.68 | 3.2 | 77.50 | 18.14 | 8.82 | 105.67 | 14.89 | 8.53 | 74.56 | | EPS (Rs)* | 9.55 | 5.38 | 77.50 | 30.51 | 14.83 | 105.67 | 25.04 | 14.35 | 74.56 | | | * EPS is on current equity of Rs 5.95 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 |
|
|