Results 16-Aug-22
Analysis
Esab India
Sales up 34%, net up 26%
Standalone net sales (including other operating income) of Esab India for the quarter ended Jun 2022 has increased 34.38% to Rs 243.47 crore. Operating profit margin has declined from 15.52% to 14.72%, leading to 27.50% rise in operating profit to Rs 35.84 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 46.38% to 48.61%. Purchase of finished goods cost rose from 14.10% to 14.80%. Employee cost decreased from 11.68% to 9.62%. Other expenses fell from 12.76% to 12.62%. Other income fell 23.47% to Rs 1.5 crore. PBIDT rose 24.18% to Rs 37.34 crore. Provision for interest fell 40% to Rs 0.06 crore. PBDT rose 24.39% to Rs 37.28 crore. Provision for depreciation rose 5.38% to Rs 2.94 crore. Profit before tax grew 26.34% to Rs 34.34 crore. Provision for tax was expense of Rs 8.74 crore, compared to Rs 6.83 crore. Effective tax rate was 25.45% compared to 25.13%. Profit after tax rose 25.80% to Rs 25.60 crore.
Promoters’ stake was 73.72% as of 30 June 2022 ,compared to 73.72% as of 30 June 2021 .
Esab India : Standalone Results
Quarter ended
Year ended
Particulars
202206
202106
Var.(%)
202203
202103
Var.(%)
Net Sales (including other operating income)
243.47
181.18
34.38
892.80
681.16
31.07
OPM (%)
14.72
15.52
-79 bps
13.10
11.96
114 bps
OP
35.84
28.11
27.50
117.00
81.47
43.61
Other Inc.
1.50
1.96
-23.47
8.18
11.18
-26.83
PBIDT
37.34
30.07
24.18
125.18
92.65
35.11
Interest
0.06
0.1
-40.00
0.29
0.41
-29.27
PBDT
37.28
29.97
24.39
124.89
92.24
35.40
Depreciation
2.94
2.79
5.38
11.33
11.71
-3.25
PBT
34.34
27.18
26.34
113.56
80.53
41.02
PBT before EO
34.34
27.18
26.34
113.56
80.53
41.02
EO Income
0
0
-
0
0
-
PBT after EO
34.34
27.18
26.34
113.56
80.53
41.02
Taxation
8.74
6.83
27.96
29.25
21.24
37.71
PAT
25.6
20.35
25.80
84.31
59.29
42.20
P/(L) from discontinued operations net of tax
0
0
-
0
0
-
Net profit after discontinued operations
25.6
20.35
25.80
84.31
59.29
42.20
EPS (Rs)*
16.63
13.22
25.80
54.78
38.53
42.20
* EPS is on current equity of Rs 15.39 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
Previous News
Esab India
( Results - Analysis 11-Nov-23 11:47 )
Esab India standalone net profit rises 96.25% in the March 2023 quarter
( Results - Announcements 25-May-23 17:43 )
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