Operating profit margin has turned from negative 38.97% to positive 3.29%. Operating profit for the quarter stood at Rs 3.64 crore compared to loss of Rs 13.46 crore.Raw material cost as a % of total sales (net of stock adjustments) increased from 67.05% to 72.05%.   Employee cost decreased from 37.06% to 14.18%.   Other expenses fell from 37.43% to 10.49%.   Other direct service cost fell from 6.36% to 4.58%.   

Other income fell 56.77% to Rs 3.8 crore. During the quarter ending June 2021, PBIDT stood at Rs 7.44 crore compared to a loss of Rs 4.67 crore in quarter endedJune 2020.

Provision for interest remained same at Rs 0.14 crore. Provision for depreciation rose 20.16% to Rs 2.92 crore.  

Share of profit/loss were nil in both the periods. Profit before tax stood at Rs 4.38 crore compared to loss of Rs 7.24 crore

 Provision for tax was debit of Rs 0.89 crore, compared to credit of Rs 1.64 crore.  Effective tax rate was 20.32% compared to 22.65%.

Minority interest was nil in both the periods.Net profit attributable to owners of the company stood at Rs 3.49 crore compared to loss of Rs 5.6 crore.  

Promoters' stake was 66.39% as of 30 June 2021 ,compared to 66.39% as of 30 June 2020 .  

Full year results analysis.

Net sales (including other operating income) of India Nippon Electricals has increased 0.51% to Rs 481.23 crore.  

Operating profit margin has slumped from 11.82% to 9.42%, leading to 19.86% decline in operating profit to Rs 45.35 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 65.68% to 67.61%.   Employee cost increased from 12.62% to 13.71%.   Other expenses fell from 9.87% to 9.29%.   Other direct service cost fell from 4.78% to 4.48%.   

Other income fell 38.49% to Rs 16.17 crore.  Loan funds declined from Rs 5.11 crore as of 31 March 2020 to Rs 4.58 crore as of 31 March 2021.  Inventories rose to Rs 43.77 crore as of 31 March 2021 from Rs 38.68 crore as of 31 March 2020.  Sundry debtors were higher at Rs 109.40 crore as of 31 March 2021 compared to Rs 88.13 crore as of 31 March 2020.  Cash and bank balance rose to Rs 32.67 crore as of 31 March 2021 from Rs 28.42 crore as of 31 March 2020.  Investments declined from Rs 261.81 crore as of 31 March 2020 to Rs 260.60 crore as of 31 March 2021.  

Provision for depreciation rose 9.99% to Rs 10.35 crore.  Fixed assets increased to Rs 124.08 crore as of 31 March 2021 from Rs 92.80 crore as of 31 March 2020.  Intangible assets declined from Rs 1.56 crore to Rs 1.25 crore.  

Profit before tax shrink 30.59% to Rs 50.61 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 10.97 crore, compared to Rs 16.91 crore.  Effective tax rate was 21.68% compared to 23.73%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company decreased 27.05% to Rs 39.64 crore.  

Equity capital stood at Rs 11.31 crore as of 31 March 2021 to Rs 11.31 crore as of 31 March 2020.  Per share face Value remained same at Rs 5.00.  

Promoters' stake was 66.39% as of 31 March 2021 ,compared to 66.39% as of 31 March 2020 .  

Cash flow from operating activities decreased to Rs 38.25 crore for year ended March 2021 from Rs 51.69 crore for year ended March 2020.  Cash flow used in acquiring fixed assets during the year ended March 2021 stood at Rs 37.14 crore, compared to Rs 18.38 crore during the year ended March 2020.