Results     05-Aug-21
Analysis
Gabriel India
Sales jump 269% on low base
Standalone net sales (including other operating income) of Gabriel India for the quarter ended June 2021 has increased 269.21% to Rs 453.58 crore.  Operating profit margin was 5.5% (against negative 13.9%) and thus operating profit was Rs 24.99 ore compared to an operating loss of Rs 17.09 crore.   Raw material cost as a % of total sales (net of stock adjustments) increased from 67.38% to 74.21%.   Purchase of finished goods cost fell from 2.35% to 1.34%.   Employee cost decreased from 28.12% to 8.42%.   Other expenses fell from 16.40% to 10.68%.   Other income up 8.43% to Rs 2.7 crore.  Provision for interest up 176.06% to Rs 1.96 crore.  Provision for depreciation rose 11.95% to Rs 9.93 crore.  Thus PBT was a profit of Rs 15.84 crore against a loss of Rs 24.17 crore.  Provision for tax was debit of Rs 3.81 crore, compared to credit of Rs 0.4 crore.  Effective tax rate was 24.10% compared to 1.65%.  Eventually the net profit was a profit of Rs 12 crore compared to a loss of Rs 23.78 crore.

 

 

Other developments

 

Promoters’ stake was 55.00% as of 30 June 2021, compared to 52.75% as of 30 June 2020 .  

 

Gabriel India: Standalone Results

 

 

2106 (3)

2006 (3)

Var. (%)

2103 (12)

2003 (12)

Var. (%)

 

Sales

453.58

122.85

269

1699.94

1869.96

-9

 

OPM (%)

5.5

-13.9

 

6.3

7.4

 

 

OP

24.99

-17.09

LP

107.64

137.80

-22

 

Other inc.

2.70

2.49

8

19.21

9.70

98

 

PBIDT

27.69

-14.60

LP

126.85

147.50

-14

 

Interest

1.96

0.71

177

6.56

3.58

83

 

PBDT

25.73

-15.30

LP

120.29

143.92

-16

 

Dep.

9.93

8.87

12

42.39

43.65

-3

 

PBT 

15.81

-24.17

LP

77.91

100.27

-22

 

EO

0.00

0.00

 

0.00

0.00

 

 

PBT after EO

15.81

-24.17

LP

77.91

100.27

-22

 

Taxation

3.81

-0.40

PL

23.45

15.72

49

 

PAT

12.00

-23.78

LP

54.45

84.55

-36

 

PPT

0.00

0.00

 

-5.82

-0.16

3491

 

Net Profit

12.00

-23.78

LP

60.27

84.71

-29

 

EPS (Rs)*

#

#

 

3.8

5.9

 

 

* EPS is on current equity of Rs 14.364 crore, Face value of Rs 1

# EPS is not annualised due to seasonality of business

Figures in Rs crore

Source: Capitaline Corporate Database

 

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