|
Results
11-Nov-22
|
|
|
|
|
Analysis
|
|
Pix Transmission
|
OP down 24%
|
|
|
Pix
Transmission consolidated net sales increased 2.99% to Rs 119.44 crore in
Q2FY23 compared to Q2FY22. Operating
profit margin has declined from 27.14% to 20.08%, leading to 23.80% decline in
operating profit to Rs 23.98 crore. Raw
material cost as a % of total sales (net of stock adjustments) increased from
38.13% to 38.53%. Purchase of finished
goods cost fell from 2.52% to 1.60%.
Employee cost increased from 13.98% to 19.52%. Other expenses rose from 19.27% to 19.83%.
Other
income rose 314.18% to Rs 5.84 crore.
PBIDT fell 9.31% to Rs 29.82 crore.
Provision for interest rose 10.78% to Rs 1.85 crore.
PBDT
fell 10.38% to Rs 27.97 crore. Provision
for depreciation rose 17.25% to Rs 5.98 crore.
Profit
before tax down 15.78% to Rs 21.99 crore.
Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 5.77
crore, compared to Rs 6.35 crore.
Effective tax rate was 26.24% compared to 24.32%.
Minority
interest was nil in both the periods. Net
profit attributable to owners of the company decreased 17.91% to Rs 16.22
crore.
Equity
capital stood at Rs 13.62 crore as of 30 September 2022 to Rs 13.62 crore as of
30 September 2021. Per share face Value
remained same at Rs 10.00.
Promoters’
stake was 61.80% as of 30 September 2022 ,compared to 61.76% as of 30 September
2021 .
For year-to-date
(YTD) results analysis
Net
sales of Pix Transmission have increased 11.30% to Rs 239.75 crore.
Operating
profit margin has declined from 26.89% to 20.48%, leading to 15.26% decline in
operating profit to Rs 49.09 crore. Raw
material cost as a % of total sales (net of stock adjustments) decreased from
38.67% to 37.99%. Purchase of finished
goods cost fell from 3.55% to 2.27%.
Employee cost increased from 14.92% to 19.89%. Other expenses rose from 17.75% to
19.08%.
Other
income rose 228.03% to Rs 12.17 crore.
PBIDT fell 0.62% to Rs 61.26 crore.
Provision for interest rose 10.09% to Rs 3.71 crore.
PBDT
fell 1.24% to Rs 57.55 crore. Provision
for depreciation rose 16.63% to Rs 11.85 crore.
Profit
before tax down 5.01% to Rs 45.70 crore.
Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 11.8
crore, compared to Rs 11.86 crore.
Effective tax rate was 25.82% compared to 24.65%.
Minority
interest was nil in both the periods.
Net profit attributable to owners of the company decreased 6.48% to Rs
33.90 crore.
Equity
capital stood at Rs 13.62 crore as of 30 September 2022 to Rs 13.62 crore as of
30 September 2021. Per share face Value
remained same at Rs 10.00.
Promoters’
stake was 61.80% as of 30 September 2022 ,compared to 61.76% as of 30 September
2021 .
Full year results
analysis
Net
sales of Pix Transmission have increased 18.14% to Rs 449.26 crore.
Operating
profit margin has declined from 29.12% to 25.41%, leading to 3.12% rise in
operating profit to Rs 114.17 crore. Raw
material cost as a % of total sales (net of stock adjustments) increased from
37.28% to 37.54%. Purchase of finished
goods cost rose from 2.33% to 2.75%.
Employee cost decreased from 19.22% to 19.05%. Other expenses rose from 12.78% to
15.43%.
Other
income rose 63.73% to Rs 8.17 crore.
PBIDT rose 5.73% to Rs 122.34 crore.
Provision for interest fell 16.55% to Rs 7.01 crore. Loan funds rose to Rs 117.98 crore as of 31
March 2022 from Rs 73.80 crore as of 31 March 2021. Inventories rose to Rs 124.82 crore as of 31
March 2022 from Rs 96.70 crore as of 31 March 2021. Sundry debtors were higher at Rs 95.45 crore
as of 31 March 2022 compared to Rs 81.54 crore as of 31 March 2021. Cash and bank balance rose to Rs 32.03 crore
as of 31 March 2022 from Rs 14.83 crore as of 31 March 2021. Investments rose to Rs 4.51 crore as of 31
March 2022 from Rs 4.36 crore as of 31 March 2021 .
PBDT
rose 7.47% to Rs 115.33 crore. Provision
for depreciation rose 3.91% to Rs 20.75 crore.
Fixed assets increased to Rs 258.40 crore as of 31 March 2022 from Rs
225.92 crore as of 31 March 2021.
Intangible assets increased from Rs 0.22 crore to Rs 0.30 crore.
Profit
before tax grew 8.29% to Rs 94.58 crore.
Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 25.74
crore, compared to Rs 22.44 crore.
Effective tax rate was 27.22% compared to 25.69%.
Minority
interest was nil in both the periods.
Net profit attributable to owners of the company increased 6.07% to Rs
68.84 crore.
Equity
capital stood at Rs 13.62 crore as of 31 March 2022 to Rs 13.62 crore as of 31
March 2021. Per share face Value
remained same at Rs 10.00.
Promoters’
stake was 61.78% as of 31 March 2022 ,compared to 61.73% as of 31 March 2021
.
Cash
flow from operating activities increased to Rs 54.65 crore for year ended March
2022 from Rs 35.44 crore for year ended March 2021. Cash flow used in acquiring fixed assets
during the year ended March 2022 stood at Rs 71.10 crore, compared to Rs 27.77
crore during the year ended March 2021.
The
scrip trades at Rs 928
Pix Transmission : Consolidated Results
|
Particulars
|
2209 (03)
|
2109 (03)
|
Var.(%)
|
2209 (06)
|
2109 (06)
|
Var.(%)
|
2203 (12)
|
2103 (12)
|
Var.(%)
|
Net Sales
|
119.44
|
115.97
|
3
|
239.75
|
215.4
|
11
|
449.26
|
380.27
|
18
|
OPM (%)
|
20.1
|
27.1
|
|
20.5
|
26.9
|
|
25.4
|
29.1
|
|
OP
|
23.98
|
31.47
|
-24
|
49.09
|
57.93
|
-15
|
114.17
|
110.72
|
3
|
Other Inc.
|
5.84
|
1.41
|
314
|
12.17
|
3.71
|
228
|
8.17
|
4.99
|
64
|
PBIDT
|
29.82
|
32.88
|
-9
|
61.26
|
61.64
|
-1
|
122.34
|
115.71
|
6
|
Interest
|
1.85
|
1.67
|
11
|
3.71
|
3.37
|
10
|
7.01
|
8.4
|
-17
|
PBDT
|
27.97
|
31.21
|
-10
|
57.55
|
58.27
|
-1
|
115.33
|
107.31
|
7
|
Depreciation
|
5.98
|
5.1
|
17
|
11.85
|
10.16
|
17
|
20.75
|
19.97
|
4
|
PBT
|
21.99
|
26.11
|
-16
|
45.7
|
48.11
|
-5
|
94.58
|
87.34
|
8
|
Share of Profit/(Loss) from Associates
|
0
|
0
|
|
0
|
0
|
|
0
|
0
|
-
|
PBT before EO
|
21.99
|
26.11
|
-16
|
45.7
|
48.11
|
-5
|
94.58
|
87.34
|
8
|
EO Income
|
0
|
0
|
|
0
|
0
|
|
0
|
0
|
-
|
PBT after EO
|
21.99
|
26.11
|
-16
|
45.7
|
48.11
|
-5
|
94.58
|
87.34
|
8
|
Taxation
|
5.77
|
6.35
|
-9
|
11.8
|
11.86
|
-1
|
25.74
|
22.44
|
15
|
PAT
|
16.22
|
19.76
|
-18
|
33.9
|
36.25
|
-6
|
68.84
|
64.9
|
6
|
Minority Interest (MI)
|
0
|
0
|
|
0
|
0
|
|
0
|
0
|
-
|
Net profit
|
16.22
|
19.76
|
-18
|
33.9
|
36.25
|
-6
|
68.84
|
64.9
|
6
|
EPS (Rs)*
|
#
|
#
|
|
#
|
#
|
|
50.5
|
47.6
|
|
Notes
|
* EPS is on current equity of Rs 13.63 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 |
Pix Transmission consolidated net profit rises 23.46% in the March 2023 quarter
(
Results
-
Announcements
12-May-23
18:03
)
|
|
Pix Transmission consolidated net profit rises 27.91% in the March 2024 quarter
(
Results
-
Announcements
24-May-24
17:46
)
|
|
Board of Pix Transmission recommends Final Dividend
(
Corporate News
-
24-May-24
17:40
)
|
|
Pix Transmission consolidated net profit rises 7.22% in the June 2022 quarter
(
Results
-
Announcements
06-Aug-22
08:25
)
|
|
Pix Transmission consolidated net profit declines 6.80% in the December 2021 quarter
(
Results
-
Announcements
12-Feb-22
08:06
)
|
|
Pix Transmission standalone net profit declines 57.61% in the June 2015 quarter
(
Results
-
Announcements
13-Aug-15
08:22
)
|
|
Board of Pix Transmission recommends final dividend
(
Corporate News
-
13-May-23
11:13
)
|
|
Pix Transmission standalone net profit declines 44.84% in the June 2019 quarter
(
Results
-
Announcements
16-Aug-19
10:25
)
|
|
Board of Pix Transmission recommends Final Dividend
(
Corporate News
-
14-May-22
11:01
)
|
|
Pix Transmission schedules AGM
(
Corporate News
-
29-May-23
13:47
)
|
|
Pix Transmission net profit rises 37.41% in the December 2010 quarter
(
Results
-
Announcements
31-Jan-11
11:48
)
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|