Standalone net sales (including other operating income) of Esab India for the quarter ended Mar 2023 has increased 13.97% to Rs 301.68 crore. Operating profit margin has jumped from 11.47% to 18.80%, leading to 86.73% rise in operating profit to Rs 56.71 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 49.75% to 50.45%. Purchase of finished goods cost fell from 16.22% to 10.16%. Employee cost decreased from 10.38% to 8.45%. Other expenses fell from 12.45% to 12.10%. Other income up 144.72% to Rs 3.01 crore. PBIDT rose 88.99% to Rs 59.72 crore. Provision for interest up 57.14% to Rs 0.11 crore. PBDT rose 89.06% to Rs 59.61 crore. Provision for depreciation rose 9.34% to Rs 3.16 crore. Profit before tax grew 97.10% to Rs 56.45 crore. Provision for tax was expense of Rs 14.59 crore, compared to Rs 7.31 crore. Effective tax rate was 25.85% compared to 25.52%. Profit after tax rose 96.25% to Rs 41.86 crore. Full year results analysis
Net sales (including other operating income) of Esab India has increased 21.70% to Rs 1,090.80 crore. Operating profit margin has jumped from 13.44% to 17.11%, leading to 54.92% rise in operating profit to Rs 186.68 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 48.59% to 47.65%. Purchase of finished goods cost fell from 14.87% to 14.24%. Employee cost decreased from 10.43% to 8.82%. Other expenses fell from 12.85% to 12.31%. Other income up 66.67% to Rs 7.8 crore. PBIDT rose 55.36% to Rs 194.48 crore. Provision for interest up 6.90% to Rs 0.31 crore. PBDT rose 55.47% to Rs 194.17 crore. Provision for depreciation rose 4.85% to Rs 11.88 crore. Profit before tax grew 60.52% to Rs 182.29 crore. Provision for tax was expense of Rs 46.61 crore, compared to Rs 29.25 crore. Effective tax rate was 25.57% compared to 25.76%. Profit after tax rose 60.93% to Rs 135.68 crore. Other developments The second interim dividend of Rs. 28/- per equity share of Rs. 10/- each was declared by the Company at the meeting of Board of directors held on February 10, 2023 for the financial year 2022-23 and paid on March 10. 2023.
6. The Board of Directors has recommended final dividend of Rs 20/- per equity s hare or Rs. I 0/- each at the meeting held on May 25, :2023 subject to
shareholders` approval at the ensuing Annual General Meeting Equity capital stood at Rs 15.39 crore as of 31 March 2023 to Rs 15.39 crore as of 31 March 2022. Per share face Value remained same at Rs 10.00. Promoters’ stake was 73.72% as of 31 March 2023 ,compared to 73.72% as of 31 March 2022 . Loan funds rose to Rs 4.01 crore as of 31 March 2023 from Rs 2.68 crore as of 31 March 2022. Inventories rose to Rs 123.43 crore as of 31 March 2023 from Rs 104.90 crore as of 31 March 2022. Sundry debtors were higher at Rs 151.65 crore as of 31 March 2023 compared to Rs 135.22 crore as of 31 March 2022. Cash and bank balance rose to Rs 56.45 crore as of 31 March 2023 from Rs 44.98 crore as of 31 March 2022. Investments declined from Rs 31.16 crore as of 31 March 2022 to Rs 0.15 crore as of 31 March 2023. Fixed assets increased to Rs 111.95 crore as of 31 March 2023 from Rs 91.90 crore as of 31 March 2022. Intangible assets increased from Rs 0.61 crore to Rs 2.60 crore. Cash flow from operating activities increased to Rs 129.24 crore for year ended March 2023 from Rs 84.53 crore for year ended March 2022. Cash flow used in acquiring fixed assets during the year ended March 2023 stood at Rs 33.76 crore, compared to Rs 11.20 crore during the year ended March 2022.
| Esab India : Standalone Results | | Quarter ended | Year ended |
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| Particulars | 202303 | 202203 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 301.68 | 264.71 | 13.97 | 1,090.80 | 896.30 | 21.70 | | OPM (%) | 18.80 | 11.47 | 733 bps | 17.11 | 13.44 | 367 bps | | OP | 56.71 | 30.37 | 86.73 | 186.68 | 120.50 | 54.92 | | Other Inc. | 3.01 | 1.23 | 144.72 | 7.80 | 4.68 | 66.67 | | PBIDT | 59.72 | 31.60 | 88.99 | 194.48 | 125.18 | 55.36 | | Interest | 0.11 | 0.07 | 57.14 | 0.31 | 0.29 | 6.90 | | PBDT | 59.61 | 31.53 | 89.06 | 194.17 | 124.89 | 55.47 | | Depreciation | 3.16 | 2.89 | 9.34 | 11.88 | 11.33 | 4.85 | | PBT | 56.45 | 28.64 | 97.10 | 182.29 | 113.56 | 60.52 | | PBT before EO | 56.45 | 28.64 | 97.10 | 182.29 | 113.56 | 60.52 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 56.45 | 28.64 | 97.10 | 182.29 | 113.56 | 60.52 | | Taxation | 14.59 | 7.31 | 99.59 | 46.61 | 29.25 | 59.35 | | PAT | 41.86 | 21.33 | 96.25 | 135.68 | 84.31 | 60.93 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 41.86 | 21.33 | 96.25 | 135.68 | 84.31 | 60.93 | | EPS (Rs)* | 27.20 | 13.86 | 96.25 | 88.16 | 54.78 | 60.93 | | | * 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 |
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