Capitaline

Segment profit of Engineering division was down 3% to Rs 10.18 crore despite 33% growth in sales as its segment margin stand lower by 800 bps to 21.6%. Segment profit of food division was down 90% to Rs 0.14 crore with sales down 41% to Rs 4.74 crore and segment margin down by 1380 bps to 2.9%.

Half yearly performance

Net sales (including other operating income) of Mazda has increased 16.66% to Rs 81.31 crore. Operating profit margin has jumped from 16.38% to 16.52%, leading to 17.60% rise in operating profit to Rs 13.43 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 49.23% to 50.51%. Employee cost decreased from 14.50% to 14.22%. Other expenses fell from 21.28% to 19.73%. Contract job process charges fell from 8.86% to 8.32%. Other income fell 51.37% to Rs 0.71 crore. PBIDT rose 9.78% to Rs 14.14 crore. Provision for interest up 5.71% to Rs 0.37 crore. PBDT rose 9.90% to Rs 13.77 crore. Provision for depreciation down 14.57% to Rs 1.29 crore. Profit before tax grew 13.25% to Rs 12.48 crore. Provision for tax was expense of Rs 3.09 crore, compared to Rs 2.45 crore. Effective tax rate was 24.76% compared to 22.23%. Profit after tax rose 9.57% to Rs 9.39 crore.

Equity capital stood at Rs 4.01 crore as of 30 September 2022 to Rs 4.01 crore as of 30 September 2021. Per share face Value remained same at Rs 10.00.

Promoters’ stake was 48.35% as of 30 September 2022 ,compared to 47.90% as of 30 September 2021 .

Loan funds declined from Rs 0.80 crore as of 30 September 2021 to Rs 0.23 crore as of 30 September 2022. Inventories rose to Rs 48.10 crore as of 30 September 2022 from Rs 41.23 crore as of 30 September 2021. Sundry debtors were higher at Rs 31.63 crore as of 30 September 2022 compared to Rs 25.98 crore as of 30 September 2021. Cash and bank balance rose to Rs 16.16 crore as of 30 September 2022 from Rs 10.32 crore as of 30 September 2021. Investments declined from Rs 31.35 crore as of 30 September 2021 to Rs 30.18 crore as of 30 September 2022. Fixed assets increased to Rs 75.89 crore as of 30 September 2022 from Rs 68.01 crore as of 30 September 2021. Intangible assets declined from Rs 0.25 crore to Rs 0.16 crore.

Quarter ended

Year to Date

Year ended

Particulars

202209

202109

Var.(%)

202209

202109

Var.(%)

202203

202103

Var.(%)

Net Sales (including other operating income)

51.77

43.46

19.12

81.31

69.70

16.66

164.99

152.42

8.25

OPM (%)

11.13

15.90

-477 bps

16.52

16.38

13 bps

16.69

15.52

117 bps

5.76

6.91

-16.64

13.43

11.42

17.60

27.54

23.66

16.40

Other Inc.

0.63

0.76

-17.11

0.71

1.46

-51.37

3.20

2.41

32.78

PBIDT

6.39

7.67

-16.69

14.14

12.88

9.78

30.74

26.07

17.91

Interest

0.19

0.11

72.73

0.37

0.35

5.71

0.67

0.71

-5.63

PBDT

6.20

7.56

-17.99

13.77

12.53

9.90

30.07

25.36

18.57

Depreciation

0.83

0.74

12.16

1.29

1.51

-14.57

2.42

3.27

-25.99

PBT

5.37

6.82

-21.26

12.48

11.02

13.25

27.65

22.09

25.17

PBT before EO

5.37

6.82

-21.26

12.48

11.02

13.25

27.65

22.09

25.17

EO Income

PBT after EO

5.37

6.82

-21.26

12.48

11.02

13.25

27.65

22.09

25.17

Taxation

1.47

1.67

-11.98

3.09

2.45

26.12

6.41

5.76

11.28

PAT

3.9

5.15

-24.27

9.39

8.57

9.57

21.24

16.33

30.07

P/(L) from discontinued operations net of tax

Net profit after discontinued operations

3.9

5.15

-24.27

9.39

8.57

9.57

21.24

16.33

30.07

EPS (Rs)*

9.74

12.86

-24.27

23.45

21.40

9.57

53.03

40.77

30.07

* EPS is on current equity of Rs 4.01 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

Mazda: Segment Results
Segment	% to total	2209 (3)	2109 (3)	Var. (%)	% to total	2209 (6)	2109 (6)	Var. (%)	% to total	2203 (12)
Sales
Engineering Division	91	47.04	35.39	33	88	71.31	58.29	22	85	139.95
Food Division	9	4.74	8.07	-41	12	9.99	11.42	-12	15	25.04
Total Sales	100	51.77	43.46	19	100	81.31	69.70	17	100	164.99
Inter Segment Revenue
Net sales		51.77	43.46			81.31	69.70			164.99

PBIT
Engineering Division	99	10.18	10.48	-3	98	20.57	17.10	20	90	37.91
Food Division	1	0.14	1.34	-90	2	0.49	1.69	-71	10	4.44
Total PBIT	100	10.32	11.83	-13	100	21.06	18.78	12	100	42.35
LESS: Interest expenes		0.19	0.11	74		0.37	0.35	4		0.67
Add: Unallocable Income		0.52	0.76	-32		0.55	1.46	-63		1.99
Less: Other unallocable expenses		5.28	5.66	-7		8.76	8.87	-1		16.02
PBT		5.36	6.82	-21		12.48	11.02	13		27.65

Note: Figures in Rs crore