For
the quarter ended March 2023, consolidated Net sales (including other operating income) of Endurance Technologies has increased 7.48% to Rs 2234.34 crore compared to quarter ended Mar 2022. Operating profit margin has jumped from 12.37% to 12.77%, leading to 10.99% rise in operating profit to Rs 285.40 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 59.33% to 58.31%. Purchase of finished goods cost fell from 0.96% to 0.54%. Employee cost increased from 8.12% to 9.47%. Other expenses fell from 19.19% to 18.75%. Other income rose 64.20% to Rs 20.82 crore. PBIDT rose 13.49% to Rs 306.22 crore. Provision for interest rose 369.41% to Rs 7.98 crore. Loan funds rose to Rs 514.76 crore as of 31 March 2023 from Rs 429.61 crore as of 31 March 2022. Inventories rose to Rs 820.58 crore as of 31 March 2023 from Rs 701.14 crore as of 31 March 2022. Sundry debtors were higher at Rs 1,162.03 crore as of 31 March 2023 compared to Rs 970.37 crore as of 31 March 2022. Cash and bank balance declined from Rs 402.64 crore as of 31 March 2022 to Rs 287.71 crore as of 31 March 2023. Investments rose to Rs 671.84 crore as of 31 March 2023 from Rs 486.78 crore as of 31 March 2022 .
PBDT rose 11.24% to Rs 298.24 crore. Provision for depreciation rose 23.90% to Rs 121.56 crore. Fixed assets increased to Rs 2,923.74 crore as of 31 March 2023 from Rs 2,658.32 crore as of 31 March 2022. Intangible assets increased from Rs 175.68 crore to Rs 390.02 crore.
Profit before tax grew 3.93% to Rs 176.68 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 40.21 crore, compared to Rs 33.81 crore. Effective tax rate was 22.76% compared to 19.89%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 0.21% to Rs 136.47 crore. Equity capital stood at Rs 140.66 crore as of 31 March 2023 to Rs 140.66 crore as of 31 March 2022. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 75.00% as of 31 March 2023 ,compared to 75.00% as of 31 March 2022 .
Full year results analysis.
Net sales (including other operating income) of Endurance Technologies has increased 16.62% to Rs 8804.05 crore. Operating profit margin has declined from 12.78% to 11.77%, leading to 7.43% rise in operating profit to Rs 1,036.28 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 57.93% to 59.79%. Purchase of finished goods cost rose from 1.13% to 1.17%. Employee cost decreased from 9.08% to 8.58%. Other expenses fell from 19.23% to 18.82%. Other income rose 10.70% to Rs 45.43 crore. PBIDT rose 7.56% to Rs 1081.71 crore. Provision for interest rose 224.09% to Rs 20.58 crore. Loan funds rose to Rs 514.76 crore as of 31 March 2023 from Rs 429.61 crore as of 31 March 2022. Inventories rose to Rs 820.58 crore as of 31 March 2023 from Rs 701.14 crore as of 31 March 2022. Sundry debtors were higher at Rs 1,162.03 crore as of 31 March 2023 compared to Rs 970.37 crore as of 31 March 2022. Cash and bank balance declined from Rs 402.64 crore as of 31 March 2022 to Rs 287.71 crore as of 31 March 2023. Investments rose to Rs 671.84 crore as of 31 March 2023 from Rs 486.78 crore as of 31 March 2022 .
PBDT rose 6.18% to Rs 1061.13 crore. Provision for depreciation rose 10.44% to Rs 421.58 crore. Fixed assets increased to Rs 2,923.74 crore as of 31 March 2023 from Rs 2,658.32 crore as of 31 March 2022. Intangible assets increased from Rs 175.68 crore to Rs 390.02 crore.
Profit before tax grew 3.55% to Rs 639.55 crore. Share of profit/loss were nil in both the periods. Extraordinary items were increased to Rs -10.29 crore. Provision for tax was expense of Rs 149.68 crore, compared to Rs 125.44 crore. Effective tax rate was 23.79% compared to 21.40%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 4.10% to Rs 479.58 crore.
Equity capital stood at Rs 140.66 crore as of 31 March 2023 to Rs 140.66 crore as of 31 March 2022. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 75.00% as of 31 March 2023 ,compared to 75.00% as of 31 March 2022 .
Cash flow from operating activities increased to Rs 861.99 crore for year ended March 2023 from Rs 741.55 crore for year ended March 2022. Cash flow used in acquiring fixed assets during the year ended March 2023 stood at Rs 636.26 crore, compared to Rs 529.03 crore during the year ended March 2022.
Other Highlights
Board Recommended dividend of Rs 7 per equity
share of face value of Rs 10 each (70%), for the financial year 2022-23.
In
Q4 FY23,