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Standalone net sales (including other operating income) of Frontier Springs for the quarter ended Mar 2023 has increased 31.54% to Rs 29.15 crore. Operating profit margin has declined from 14.76% to 12.66%, leading to 12.84% rise in operating profit to Rs 3.69 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 44.59% to 50.07%. Employee cost decreased from 3.88% to 2.95%. Other expenses fell from 36.59% to 34.64%. Other income up 23.53% to Rs 0.21 crore. PBIDT rose 13.37% to Rs 3.9 crore. Provision for intere3st remained nil. PBDT rose 13.61% to Rs 3.84 crore. Provision for depreciation rose 10.23% to Rs 0.97 crore. Profit before tax grew 14.80% to Rs 2.87 crore. Provision for tax was expense of Rs 0.7 crore, compared to Rs 0.6 crore. Effective tax rate was 24.39% compared to 24.00%. Profit after tax rose 14.21% to Rs 2.17 crore. Full year results analysis
Net sales (including other operating income) of Frontier Springs has increased 28.33% to Rs 107.36 crore. Operating profit margin has declined from 14.61% to 11.79%, leading to 3.60% rise in operating profit to Rs 12.66 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 43.97% to 50.44%. Employee cost decreased from 4.02% to 3.46%. Other expenses fell from 37.93% to 34.68%. Other income fell 34.69% to Rs 0.64 crore. PBIDT rose 0.76% to Rs 13.3 crore. Provision for interest up 17.86% to Rs 0.33 crore. PBDT rose 0.39% to Rs 12.97 crore. Provision for depreciation rose 12.28% to Rs 3.2 crore. Profit before tax down 2.98% to Rs 9.77 crore. Provision for tax was expense of Rs 2.53 crore, compared to Rs 2.56 crore. Effective tax rate was 25.90% compared to 25.42%. Profit after tax fell 3.60% to Rs 7.24 crore. Others BOD Recommended dividend subject to approval of Members at the ensuing Annual General Meeting
of the Company, of Rs 1 per share (i.e@ 10%) on Equity Shares of Rs 10/- each of the Company for
the financial year 2022-23. Equity capital stood at Rs 3.96 crore as of 31 March 2023 to Rs 3.96 crore as of 31 March 2022. Per share face Value remained same at Rs 10.00. Promoters’ stake was 51.76% as of 31 March 2023 ,compared to 51.76% as of 31 March 2022 . Loan funds rose to Rs 4.62 crore as of 31 March 2023 from Rs 3.37 crore as of 31 March 2022. Inventories rose to Rs 30.28 crore as of 31 March 2023 from Rs 20.61 crore as of 31 March 2022. Sundry debtors were lower at Rs 16.22 crore as of 31 March 2023 compared to Rs 16.88 crore as of 31 March 2022. Cash and bank balance rose to Rs 2.00 crore as of 31 March 2023 from Rs 1.88 crore as of 31 March 2022. Investments rose to Rs 15.48 crore as of 31 March 2023 from Rs 13.33 crore as of 31 March 2022 . Fixed assets increased to Rs 42.73 crore as of 31 March 2023 from Rs 37.43 crore as of 31 March 2022. Intangible assets stood at Rs 0.08 crore.
| Frontier Springs : 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) | 29.15 | 22.16 | 31.54 | 107.36 | 83.66 | 28.33 | | OPM (%) | 12.66 | 14.76 | -210 bps | 11.79 | 14.61 | -281 bps | | OP | 3.69 | 3.27 | 12.84 | 12.66 | 12.22 | 3.60 | | Other Inc. | 0.21 | 0.17 | 23.53 | 0.64 | 0.98 | -34.69 | | PBIDT | 3.90 | 3.44 | 13.37 | 13.30 | 13.20 | 0.76 | | Interest | 0.06 | 0.06 | 0.00 | 0.33 | 0.28 | 17.86 | | PBDT | 3.84 | 3.38 | 13.61 | 12.97 | 12.92 | 0.39 | | Depreciation | 0.97 | 0.88 | 10.23 | 3.2 | 2.85 | 12.28 | | PBT | 2.87 | 2.50 | 14.80 | 9.77 | 10.07 | -2.98 | | PBT before EO | 2.87 | 2.5 | 14.80 | 9.77 | 10.07 | -2.98 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 2.87 | 2.5 | 14.80 | 9.77 | 10.07 | -2.98 | | Taxation | 0.7 | 0.6 | 16.67 | 2.53 | 2.56 | -1.17 | | PAT | 2.17 | 1.9 | 14.21 | 7.24 | 7.51 | -3.60 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 2.17 | 1.9 | 14.21 | 7.24 | 7.51 | -3.60 | | EPS (Rs)* | 5.51 | 4.82 | 14.21 | 18.38 | 19.06 | -3.60 | | | * EPS is on current equity of Rs 3.94 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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