Capitaline

Results 12-Feb-23

Analysis

Fluidomat

Sale up 14%, net up 22%

Consolidated net sales (including other operating income) of Fluidomat for the quarter ended Dec 2022 has increased 14.15% to Rs 9.92 crore. Operating profit margin has jumped from 18.87% to 21.07%, leading to 27.44% rise in operating profit to Rs 2.09 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 31.70% to 40.23%. Employee cost decreased from 30.06% to 24.79%. Other expenses fell from 19.06% to 15.16%. Other income fell 23.40% to Rs 0.36 crore. PBIDT rose 16.11% to Rs 2.45 crore. Provision for interest remained nil. PBDT rose 16.11% to Rs 2.45 crore. Provision for depreciation rose 11.11% to Rs 0.2 crore. Profit before tax grew 16.58% to Rs 2.25 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 0.54 crore, compared to Rs 0.53 crore. Effective tax rate was 24.00% compared to 27.46%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 22.14% to Rs 1.71 crore.

Nine month performance

Net sales (including other operating income) of Fluidomat has increased 38.76% to Rs 31.86 crore. Operating profit margin has jumped from 17.16% to 24.73%, leading to 100% rise in operating profit to Rs 7.88 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 32.97% to 36.65%. Employee cost decreased from 30.90% to 23.73%. Other expenses fell from 18.38% to 14.92%.

Other income fell 5.98% to Rs 1.1 crore. PBIDT rose 75.73% to Rs 8.98 crore. Provision for interest remained nil.

PBDT rose 75.73% to Rs 8.98 crore. Provision for depreciation rose 20% to Rs 0.6 crore.

Profit before tax grew 81.78% to Rs 8.38 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 2.07 crore, compared to Rs 1.25 crore. Effective tax rate was 24.70% compared to 25.30%.

Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 71% to Rs 6.31 crore.

Promoters’ stake was 53.47% as of 31 December 2022 ,compared to 53.46% as of 31 December 2021 . Promoters pledged stake was 0.65% as of 31 December 2022 ,compared to 0.65% as of 31 December 2021 .

Fluidomat : Consolidated Results

	Quarter ended			Year to Date			Year ended
Particulars	202212	202112	Var.(%)	202212	202112	Var.(%)	202203	202103	Var.(%)
Net Sales (including other operating income)	9.92	8.69	14.15	31.86	22.96	38.76	34.07	28.27	20.52
OPM (%)	21.07	18.87	220 bps	24.73	17.16	757 bps	18.14	16.63	151 bps
OP	2.09	1.64	27.44	7.88	3.94	100.00	6.18	4.70	31.49
Other Inc.	0.36	0.47	-23.40	1.10	1.17	-5.98	1.58	1.36	16.18
PBIDT	2.45	2.11	16.11	8.98	5.11	75.73	7.76	6.06	28.05
Interest	0	0	-	0	0	-	0	0.02	-
PBDT	2.45	2.11	16.11	8.98	5.11	75.73	7.76	6.04	28.48
Depreciation	0.2	0.18	11.11	0.6	0.5	20.00	0.67	0.64	4.69
PBT	2.25	1.93	16.58	8.38	4.61	81.78	7.09	5.4	31.30
Share of Profit/(Loss) from Associates	0	0	-	0	0	-	0	0	-
PBT before EO	2.25	1.93	16.58	8.38	4.61	81.78	7.09	5.4	31.30
EO Income	0	0	-	0	0.33	-	0.33	0	-
PBT after EO	2.25	1.93	16.58	8.38	4.94	69.64	7.42	5.4	37.41
Taxation	0.54	0.53	1.89	2.07	1.25	65.60	1.94	1.41	37.59
PAT	1.71	1.4	22.14	6.31	3.69	71.00	5.48	3.99	37.34
Minority Interest (MI)	0	0	-	0	0	-	0	0	-
Net profit	1.71	1.4	22.14	6.31	3.69	71.00	5.48	3.99	37.34
P/(L) from discontinued operations net of tax	0	0	-	0	0	-	0	0	-
Net profit after discontinued operations	1.71	1.4	22.14	6.31	3.69	71.00	5.48	3.99	37.34
EPS (Rs)*	3.47	2.84	22.14	12.80	7.00	82.90	10.61	8.09	31.08

* EPS is on current equity of Rs 4.93 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

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