Sales of Coil spiring & Forging items segment has gone up 37.99% to Rs 27.76 crore (accounting for 100.00% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has slumped 3.77% to Rs 3.34 crore. PBIT of Coil spiring & Forging items segment fell 3.77% to Rs 3.34 crore (accounting for 100.00% of total PBIT).
PBIT margin of Coil spiring & Forging items segment fell from 17.24% to 12.02%. Overall PBIT margin fell from 17.24% to 12.02%.
For year-to-date (YTD) results analysis
Net sales (including other operating income) of Frontier Springs has increased 27.15% to Rs 78.20 crore. Sales of Coil spiring & Forging items segment has gone up 27.17% to Rs 78.20 crore (accounting for 100.00% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has slumped 1.90% to Rs 11.12 crore. PBIT of Coil spiring & Forging items segment fell 1.90% to Rs 11.12 crore (accounting for 100.00% of total PBIT).
PBIT margin of Coil spiring & Forging items segment fell from 18.43% to 14.22%. Overall PBIT margin fell from 18.43% to 14.22%.
Operating profit margin has declined from 14.59% to 11.43%, leading to 0.33% decline in operating profit to Rs 8.94 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 43.76% to 50.58%. Employee cost decreased from 4.06% to 3.66%. Other expenses fell from 38.38% to 34.75%.
Other income fell 46.25% to Rs 0.43 crore. PBIDT fell 4.09% to Rs 9.37 crore. Provision for interest up 18.18% to Rs 0.26 crore.
PBDT fell 4.61% to Rs 9.11 crore. Provision for depreciation rose 12.18% to Rs 2.21 crore. Profit before tax down 8.97% to Rs 6.90 crore. Provision for tax was expense of Rs 1.83 crore, compared to Rs 1.96 crore. Effective tax rate was 26.52% compared to 25.86%.Profit after tax fell 9.79% to Rs 5.07 crore.
Promoters’ stake was 51.76% as of 31 December 2022 ,compared to 51.76% as of 31 December 2021 .