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Results
09-Feb-23
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Analysis
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Power Mech Projects
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Sales up 41%, net up 54%
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Consolidated net sales (including other operating income) of Power Mech Projects for the quarter ended Dec 2022 has increased 40.75% to Rs 909.11 crore. Operating profit margin has jumped from 10.48% to 11.29%, leading to 51.65% rise in operating profit to Rs 102.68 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 11.92% to 12.26%. Employee cost decreased from 16.72% to 16.38%. Other expenses fell from 60.88% to 60.06%. Selling and administration expenses fell from 60.00% to 58.62%. Construction development cost fell from 60.00% to 58.62%. Other income fell 27.52% to Rs 2.95 crore. PBIDT rose 47.16% to Rs 105.63 crore. Provision for interest rose 22.50% to Rs 24.23 crore. PBDT rose 56.54% to Rs 81.4 crore. Provision for depreciation rose 13.31% to Rs 10.3 crore. Profit before tax grew 65.70% to Rs 71.10 crore. Provision for tax was expense of Rs 18.86 crore, compared to Rs 10.64 crore. Effective tax rate was 27.15% compared to 24.52%. Minority interest increased 91.67% to Rs -0.01 crore. Net profit attributable to owners of the company increased 53.95% to Rs 50.62 crore.
Nine month performance Net sales (including other operating income) of Power Mech Projects has increased 34.23% to Rs 2427.08 crore. Operating profit margin has jumped from 10.59% to 11.24%, leading to 42.42% rise in operating profit to Rs 272.78 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 12.47% to 13.25%. Employee cost increased from 16.35% to 16.80%. Other expenses fell from 60.60% to 58.76%. Selling and administration expenses fell from 59.60% to 57.50%. Construction development cost fell from 59.60% to 57.50%. Other income fell 44.52% to Rs 7.9 crore. PBIDT rose 36.40% to Rs 280.68 crore. Provision for interest rose 18.23% to Rs 66.02 crore. PBDT rose 43.17% to Rs 214.66 crore. Provision for depreciation rose 10.40% to Rs 30.25 crore. Profit before tax grew 50.50% to Rs 184.41 crore. Share of profit/loss was 52.55% lower at Rs -4.18 crore. Provision for tax was expense of Rs 47.48 crore, compared to Rs 28.53 crore. Effective tax rate was 26.34% compared to 23.82%. Minority interest decreased 735.71% to Rs -1.17 crore. Net profit attributable to owners of the company increased 46.52% to Rs 133.92 crore. Promoters’ stake was 64.17% as of 31 December 2022 ,compared to 63.69% as of 31 December 2021 .
Power Mech Projects : Consolidated Results | | Quarter ended | Year to Date | Year ended |
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Particulars | 202212 | 202112 | Var.(%) | 202212 | 202112 | Var.(%) | 202203 | 202103 | Var.(%) |
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Net Sales (including other operating income) | 909.11 | 645.91 | 40.75 | 2,427.08 | 1,808.09 | 34.23 | 2,710.48 | 1,884.09 | 43.86 | OPM (%) | 11.29 | 10.48 | 81 bps | 11.24 | 10.59 | 65 bps | 10.55 | 2.22 | 833 bps | OP | 102.68 | 67.71 | 51.65 | 272.78 | 191.53 | 42.42 | 286.01 | 41.87 | 583.09 | Other Inc. | 2.95 | 4.07 | -27.52 | 7.90 | 14.24 | -44.52 | 17.32 | 16.34 | 6.00 | PBIDT | 105.63 | 71.78 | 47.16 | 280.68 | 205.77 | 36.40 | 303.33 | 58.21 | 421.10 | Interest | 24.23 | 19.78 | 22.50 | 66.02 | 55.84 | 18.23 | 79.48 | 79.25 | 0.29 | PBDT | 81.40 | 52.00 | 56.54 | 214.66 | 149.93 | 43.17 | 223.85 | -21.04 | LP | Depreciation | 10.3 | 9.09 | 13.31 | 30.25 | 27.4 | 10.40 | 36.9 | 35.77 | 3.16 | PBT | 71.10 | 42.91 | 65.70 | 184.41 | 122.53 | 50.50 | 186.95 | -56.81 | LP | Share of Profit/(Loss) from Associates | -1.63 | 0.49 | PL | -4.18 | -2.74 | -52.55 | -2.27 | -3.09 | 26.54 | PBT before EO | 69.47 | 43.4 | 60.07 | 180.23 | 119.79 | 50.45 | 184.68 | -59.9 | LP | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | PBT after EO | 69.47 | 43.4 | 60.07 | 180.23 | 119.79 | 50.45 | 184.68 | -59.9 | LP | Taxation | 18.86 | 10.64 | 77.26 | 47.48 | 28.53 | 66.42 | 46.18 | -11.33 | PL | PAT | 50.61 | 32.76 | 54.49 | 132.75 | 91.26 | 45.46 | 138.5 | -48.57 | LP | Minority Interest (MI) | -0.01 | -0.12 | 91.67 | -1.17 | -0.14 | -735.71 | -0.5 | -2.97 | 83.16 | Net profit | 50.62 | 32.88 | 53.95 | 133.92 | 91.4 | 46.52 | 139 | -45.6 | LP | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | Net profit after discontinued operations | 50.62 | 32.88 | 53.95 | 133.92 | 91.4 | 46.52 | 139 | -45.6 | LP | EPS (Rs)* | 33.96 | 22.06 | 53.95 | 89.84 | 61.32 | 46.52 | 93.25 | -30.59 | LP | | * EPS is on current equity of Rs 14.91 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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Previous News |
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Power Mech Projects
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