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Consolidated net sales (including other operating income) of Jupiter Wagons for the quarter ended Mar 2024 has increased 56.72% to Rs 1115.41 crore. Operating profit margin has jumped from 12.96% to 13.21%, leading to 59.82% rise in operating profit to Rs 147.39 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 76.72% to 77.72%. Employee cost decreased from 1.62% to 1.45%. Other expenses fell from 8.44% to 7.48%. Other income rose 1,045.54% to Rs 11.57 crore. PBIDT rose 70.50% to Rs 158.96 crore. Provision for interest rose 23.39% to Rs 10.76 crore. PBDT rose 75.36% to Rs 148.2 crore. Provision for depreciation rose 23.26% to Rs 7.63 crore. Profit before tax grew 79.48% to Rs 140.57 crore. Share of profit/loss was 111.84% lower at Rs -1.61 crore. Provision for tax was expense of Rs 34.33 crore, compared to Rs 38.35 crore. Effective tax rate was 24.70% compared to 49.45%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 168.25% to Rs 105.18 crore. Full year results analysis.
Net sales (including other operating income) of Jupiter Wagons has increased 76.17% to Rs 3643.73 crore. Operating profit margin has jumped from 12.19% to 13.43%, leading to 94.09% rise in operating profit to Rs 489.25 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 76.19% to 77.74%. Employee cost decreased from 2.02% to 1.40%. Other expenses fell from 9.63% to 7.49%. Other income rose 382.32% to Rs 24.55 crore. PBIDT rose 99.79% to Rs 513.8 crore. Provision for interest rose 41.92% to Rs 41 crore. PBDT rose 107.11% to Rs 472.8 crore. Provision for depreciation rose 12.73% to Rs 28.16 crore. Profit before tax grew 118.71% to Rs 444.64 crore. Share of profit/loss was 2.50% higher at Rs -2.73 crore. Provision for tax was expense of Rs 110.89 crore, compared to Rs 79.82 crore. Effective tax rate was 25.09% compared to 39.81%. Minority interest decreased 390.91% to Rs -0.54 crore. Net profit attributable to owners of the company increased 174.49% to Rs 331.56 crore. Equity capital increased from Rs 387.45 crore as of 31 March 2023 to Rs 412.29 crore as of 31 March 2024. Per share face Value remained same at Rs 10.00. Promoters’ stake was 70.12% as of 31 March 2024 ,compared to 74.62% as of 31 March 2023 . Loan funds rose to Rs 349.00 crore as of 31 March 2024 from Rs 288.08 crore as of 31 March 2023. Inventories rose to Rs 983.50 crore as of 31 March 2024 from Rs 491.23 crore as of 31 March 2023. Sundry debtors were higher at Rs 490.80 crore as of 31 March 2024 compared to Rs 213.27 crore as of 31 March 2023. Cash and bank balance rose to Rs 212.96 crore as of 31 March 2024 from Rs 167.39 crore as of 31 March 2023. Investments rose to Rs 92.86 crore as of 31 March 2024 from Rs 11.32 crore as of 31 March 2023 . Fixed assets increased to Rs 790.46 crore as of 31 March 2024 from Rs 471.53 crore as of 31 March 2023. Intangible assets increased from Rs 20.42 crore to Rs 94.27 crore. Cash flow from operating activities has turned negative Rs 19.10 crore for year ended March 2024 from positive Rs 77.65 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 124.82 crore, compared to Rs 72.69 crore during the year ended March 2023.
| Jupiter Wagons : Consolidated Results | | | Quarter ended | Year ended |
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| Particulars | 202403 | 202303 | Var.(%) | 202403 | 202303 | Var.(%) |
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| Net Sales (including other operating income) | 1,115.41 | 711.70 | 56.72 | 3,643.73 | 2,068.25 | 76.17 | | OPM (%) | 13.21 | 12.96 | 26 bps | 13.43 | 12.19 | 124 bps | | OP | 147.39 | 92.22 | 59.82 | 489.25 | 252.08 | 94.09 | | Other Inc. | 11.57 | 1.01 | 1,045.54 | 24.55 | 5.09 | 382.32 | | PBIDT | 158.96 | 93.23 | 70.50 | 513.80 | 257.17 | 99.79 | | Interest | 10.76 | 8.72 | 23.39 | 41.00 | 28.89 | 41.92 | | PBDT | 148.20 | 84.51 | 75.36 | 472.80 | 228.28 | 107.11 | | Depreciation | 7.63 | 6.19 | 23.26 | 28.16 | 24.98 | 12.73 | | PBT | 140.57 | 78.32 | 79.48 | 444.64 | 203.3 | 118.71 | | Share of Profit/(Loss) from Associates | -1.61 | -0.76 | -111.84 | -2.73 | -2.8 | 2.50 | | PBT before EO | 138.96 | 77.56 | 79.16 | 441.91 | 200.5 | 120.40 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 138.96 | 77.56 | 79.16 | 441.91 | 200.5 | 120.40 | | Taxation | 34.33 | 38.35 | -10.48 | 110.89 | 79.82 | 38.93 | | PAT | 104.63 | 39.21 | 166.85 | 331.02 | 120.68 | 174.30 | | Minority Interest (MI) | -0.55 | 0 | - | -0.54 | -0.11 | -390.91 | | Net profit | 105.18 | 39.21 | 168.25 | 331.56 | 120.79 | 174.49 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 105.18 | 39.21 | 168.25 | 331.56 | 120.79 | 174.49 | | EPS (Rs)* | 2.55 | 0.95 | 168.25 | 8.04 | 2.93 | 174.49 | | | * EPS is on current equity of Rs 412.29 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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