RHI Magnestia India consolidated
net sales increased 85.37% to Rs 429.26 crore in Q1FY22 compared to Q1FY21.
Operating profit margin has jumped from 12.22% to 17.29%, leading to 162.30%
rise in operating profit to Rs 74.23 crore.
Raw material cost as a % of total sales (net of stock adjustments)
decreased from 33.18% to 28.71%.
Purchase of finished goods cost rose from 31.91% to 38.70%. Employee cost decreased from 8.09% to 5.65%. Other expenses fell from 15.73% to
11.93%.
Other income rose 36.84% to Rs 3.64
crore. Provision for interest rose 400%
to Rs 2.6 crore. Provision for
depreciation rose 11.33% to Rs 7.76 crore.
Profit before tax grew 187.64% to
Rs 67.51 crore. Provision for tax was
expense of Rs 17.53 crore compared to Rs 5.89 crore. Effective tax rate was 25.97% compared to
25.10%.
Minority interest was nil in both
the periods. Net profit attributable to
owners of the company increased 184.30% to Rs 49.98 crore.
Promoters’ stake was 66.49% as of
30 June 2021 compared to 66.49% as of 30 June 2020 .
Full year results analysis
Net sales (including other
operating income) of RHI Magnestia India has declined 1.24% to Rs 1370.38
crore. Operating profit margin has
slumped from 15.42% to 15.22%, leading to 2.52% decline in operating profit to
Rs 208.53 crore. Raw material cost as a
% of total sales (net of stock adjustments) increased from 33.80% to
34.53%. Purchase of finished goods cost
rose from 28.03% to 29.57%. Employee
cost increased from 6.74% to 7.36%.
Other expenses fell from 15.82% to 14.00%.
Other income rose 18.92% to Rs
12.32 crore. Provision for interest fell
47.32% to Rs 6.48 crore. Loan funds
declined from Rs 66.55 crore as of 31 March 2020 to Rs 62.14 crore as of 31
March 2021. Inventories rose to Rs
353.09 crore as of 31 March 2021 from Rs 277.84 crore as of 31 March 2020. Sundry debtors were lower at Rs 327.71 crore
as of 31 March 2021 compared to Rs 332.44 crore as of 31 March 2020. Cash and bank balance rose to Rs 160.24 crore
as of 31 March 2021 from Rs 126.97 crore as of 31 March 2020.
Provision for depreciation rose
13.79% to Rs 29.79 crore. Fixed assets
increased to Rs 285.74 crore as of 31 March 2021 from Rs 235.90 crore as of 31
March 2020. Intangible assets increased
from Rs 0.20 crore to Rs 3.66 crore.
Profit before tax shrink 0.66% to
Rs 184.58 crore. Provision for tax was
expense of Rs 47.96 crore, compared to Rs 49.92 crore. Effective tax rate was 25.98% compared to
26.87%.
Net profit attributable to owners
of the company increased 0.54% to Rs 136.62 crore.
Equity capital stood at Rs 12.01
crore as of 31 March 2021 to Rs 12.01 crore as of 31 March 2020. Per share face Value remained same at Rs
1.00.
Promoters’ stake was 66.49% as of
31 March 2021 ,compared to 66.49% as of 31 March 2020 .
Cash flow from operating activities
decreased to Rs 165.41 crore for year ended March 2021 from Rs 173.18 crore for
year ended March 2020. Cash flow used in
acquiring fixed assets during the year ended March 2021 stood at Rs 85.80
crore, compared to Rs 83.57 crore during the year ended March 2020.
The
scrip trades at Rs 373
RHI Magnestia:
Consolidated Results
|
Particulars
|
2106
(03)
|
2006
(03)
|
Var.(%)
|
2103
(12)
|
2003
(12)
|
Var.(%)
|
Net Sales
|
429.26
|
231.57
|
85
|
1,370.38
|
1,387.59
|
-1
|
OPM (%)
|
17.3
|
12.2
|
41
|
15.2
|
15.4
|
|
OP
|
74.23
|
28.3
|
162
|
208.53
|
213.93
|
-3
|
Other Inc.
|
3.64
|
2.66
|
37
|
12.32
|
10.36
|
19
|
PBIDT
|
77.87
|
30.96
|
152
|
220.85
|
224.29
|
-2
|
Interest
|
2.6
|
0.52
|
400
|
6.48
|
12.3
|
-47
|
PBDT
|
75.27
|
30.44
|
147
|
214.37
|
211.99
|
1
|
Depreciation
|
7.76
|
6.97
|
11
|
29.79
|
26.18
|
14
|
PBT before EO
|
67.51
|
23.47
|
188
|
184.58
|
185.81
|
-1
|
EO Income
|
0
|
0
|
-
|
0
|
0
|
-
|
PBT after EO
|
67.51
|
23.47
|
188
|
184.58
|
185.81
|
-1
|
Taxation
|
17.53
|
5.89
|
198
|
47.96
|
49.92
|
-4
|
PAT
|
49.98
|
17.58
|
184
|
136.62
|
135.89
|
1
|
EPS (Rs)*
|
#
|
#
|
|
8.5
|
8.4
|
|
Notes
|
* EPS is on current equity of Rs
16.1 crore, Face value of Rs 1, Excluding extraordinary items.
|
# EPS is not annualised
|
bps : Basis points
|
EO : Extraordinary items
|
Figures in Rs crore
|
Source: Capitaline Corporate
Database
|
|