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Results
03-Feb-23
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Analysis
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Mayur Uniquoters
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OP down 9%, NP up 3%
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Mayur Uniquoters consolidated net sales declined 1.41% to Rs 177.89 crore
in Q3FY23 compared to Q3FY22. Operating
profit margin has declined from 20.81% to 19.17%, leading to 9.19% decline in
operating profit to Rs 34.10 crore. Raw
material cost as a % of total sales (net of stock adjustments) decreased from
58.72% to 58.23%. Other expenses rose
from 14.44% to 17.11%.
Other income rose 117.15% to Rs 5.19 crore.
PBIDT fell 1.63% to Rs 39.29 crore.
Provision for interest fell 1.67% to Rs 0.59 crore.
PBDT fell 1.63% to Rs 38.7 crore.
Provision for depreciation rose 0.96% to Rs 5.28 crore.
Profit before tax down 2.02% to Rs 33.42 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense
of Rs 6.86 crore, compared to Rs 8.2 crore.
Effective tax rate was 20.53% compared to 24.04%.
Minority interest was nil in both the periods. Net profit attributable to owners of the
company increased 2.51% to Rs 26.56 crore.
Promoters’ stake was 59.11% as of 31 December 2022 ,compared to 59.43% as
of 31 December 2021 .
For year-to-date (YTD)
results analysis
Net sales (including other operating income) of Mayur Uniquoters has
increased 17.75% to Rs 582.39 crore.
Operating profit margin has declined from 19.32% to 17.77%, leading to
8.31% rise in operating profit to Rs 103.48 crore. Raw material cost as a % of total sales (net
of stock adjustments) decreased from 60.54% to 60.52%. Employee cost decreased from 6.18% to
5.13%. Other expenses rose from 14.57%
to 16.81%.
Other income rose 28% to Rs 15.91 crore.
PBIDT rose 10.58% to Rs 119.39 crore.
Provision for interest fell 20.43% to Rs 1.48 crore.
PBDT rose 11.12% to Rs 117.91 crore.
Provision for depreciation rose 0.06% to Rs 15.51 crore.
Profit before tax grew 13.01% to Rs 102.40 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense
of Rs 21.58 crore, compared to Rs 21.17 crore.
Effective tax rate was 21.07% compared to 23.36%.
Minority interest was nil in both the periods. Net profit attributable to owners of the
company increased 16.39% to Rs 80.82 crore.
Promoters’ stake was 59.11% as of 31 December 2022 ,compared to 59.43% as
of 31 December 2021.
The scrip is currently trading at Rs 423
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Mayur Uniquoters : Consolidated
Results
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Particulars
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2212 (03)
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2112 (03)
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Var.(%)
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2212 (09)
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2112 (09)
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Var.(%)
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2203 (12)
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2103 (12)
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Var.(%)
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Net Sales
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177.89
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180.44
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-1
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582.39
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494.61
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18
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656.46
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512.71
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28
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OPM (%)
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19.2
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20.8
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17.8
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19.3
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19.15
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23.7
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OP
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34.1
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37.55
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-9
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103.48
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95.54
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8
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125.69
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121.59
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3
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Other Inc.
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5.19
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2.39
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117
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15.91
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12.43
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28
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20.36
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19.87
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2
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PBIDT
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39.29
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39.94
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-2
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119.39
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107.97
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11
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146.05
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141.46
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3
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Interest
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0.59
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0.6
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-2
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1.48
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1.86
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-20
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2.4
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3.52
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-32
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PBDT
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38.7
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39.34
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-2
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117.91
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106.11
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11
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143.65
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137.94
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4
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Depreciation
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5.28
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5.23
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1
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15.51
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15.5
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0
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20.46
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18.44
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11
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PBT
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33.42
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34.11
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-2
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102.4
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90.61
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13
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123.19
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119.5
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3
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Share of Profit/(Loss) from Associates
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0
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0
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0
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0
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0
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0
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-
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PBT before EO
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33.42
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34.11
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-2
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102.4
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90.61
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13
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123.19
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119.5
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3
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EO Income
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0
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0
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0
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0
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0
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0
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-
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PBT after EO
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33.42
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34.11
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-2
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102.4
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90.61
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13
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123.19
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119.5
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3
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Taxation
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6.86
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8.2
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-16
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21.58
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21.17
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2
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28.82
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29.75
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-3
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PAT
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26.56
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25.91
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3
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80.82
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69.44
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16
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94.37
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89.75
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5
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EPS (Rs)*
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#
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#
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#
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#
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21.5
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20.4
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Notes
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* EPS is on current equity of Rs 21.98 crore, Face value of Rs
5, Excluding extraordinary items.
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# EPS is not annualised
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bps : Basis points
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EO : Extraordinary items
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Figures in Rs crore
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Source: Capitaline Corporate Database
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Previous News |
Mayur Uniquoters consolidated net profit rises 2.51% in the December 2022 quarter
(
Results
-
Announcements
03-Feb-23
16:55
)
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Mayur Uniquoters consolidated net profit rises 37.81% in the March 2024 quarter
(
Results
-
Announcements
22-May-24
07:31
)
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Mayur Uniquoters consolidated net profit rises 15455.56% in the June 2021 quarter
(
Results
-
Announcements
04-Aug-21
16:23
)
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Mayur Uniquoters consolidated net profit declines 26.03% in the December 2021 quarter
(
Results
-
Announcements
08-Feb-22
16:35
)
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Mayur Uniquoters to hold board meeting
(
Corporate News
-
20-Jun-20
09:33
)
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Mayur Uniquoters to hold board meeting
(
Corporate News
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02-Nov-20
11:01
)
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Mayur Uniquoters fixes record date for 1st interim dividend
(
Market Beat
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Reports
23-Aug-17
13:24
)
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Mayur Uniquoters fixes record date for 2nd interim dividend
(
Market Beat
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Reports
15-Nov-16
11:38
)
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Mayur Uniquoters
(
Analyst Meet / AGM
-
Conference Call
15-Nov-22
12:45
)
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Mayur Uniquoters to resume operations at Dhodsar plant
(
Corporate News
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20-Apr-20
17:45
)
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Board of Mayur Uniquoters recommends second interim dividend
(
Corporate News
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18-Nov-17
17:21
)
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