For
the quarter ending June 2023, consolidated Net sales (including other operating income) of NDR Auto Components has increased 102.46% to Rs 127.63 crore compared to quarter ended June 2022. Operating profit margin has jumped from 7.20% to 9%, leading to 153.08% rise in operating profit to Rs 11.49 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 75.18% to 76.60%. Employee cost decreased from 3.47% to 3.17%. Other expenses fell from 14.18% to 11.20%. Other income rose 22.86% to Rs 1.29 crore. PBIDT rose 128.62% to Rs 12.78 crore. Provision for interest rose 165.38% to Rs 0.69 crore.
PBDT rose 126.83% to Rs 12.09 crore. Provision for depreciation rose 89.67% to Rs 3.49 crore.
Profit before tax grew 146.42% to Rs 8.60 crore. Share of profit/loss was 32.19% higher at Rs 1.93 crore. Provision for tax was expense of Rs 2.29 crore, compared to Rs 0.9 crore. Effective tax rate was 21.75% compared to 18.18%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 103.46% to Rs 8.24 crore. Promoters’ stake was 73.95% as of 30 June 2023 ,compared to 73.95% as of 30 June 2022 .
Full year results analysis.
Net sales (including other operating income) of NDR Auto Components has increased 68.90% to Rs 392.78 crore. Operating profit margin has jumped from 5.99% to 8.08%, leading to 127.69% rise in operating profit to Rs 31.74 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 76.06% to 75.65%. Employee cost decreased from 3.92% to 3.14%. Other expenses fell from 14.03% to 13.15%. Other income fell 18.05% to Rs 6.31 crore. PBIDT rose 75.83% to Rs 38.05 crore. Provision for interest rose 145.21% to Rs 1.79 crore. Loan funds rose to Rs 33.72 crore as of 31 March 2023 from Rs 12.97 crore as of 31 March 2022. Inventories rose to Rs 39.34 crore as of 31 March 2023 from Rs 21.26 crore as of 31 March 2022. Sundry debtors were higher at Rs 31.10 crore as of 31 March 2023 compared to Rs 30.46 crore as of 31 March 2022. Cash and bank balance rose to Rs 51.53 crore as of 31 March 2023 from Rs 51.45 crore as of 31 March 2022. Investments rose to Rs 50.51 crore as of 31 March 2023 from Rs 42.81 crore as of 31 March 2022 .
PBDT rose 73.41% to Rs 36.26 crore. Provision for depreciation rose 18.42% to Rs 8.68 crore. Fixed assets increased to Rs 146.66 crore as of 31 March 2023 from Rs 79.18 crore as of 31 March 2022. Intangible assets increased from Rs 0.15 crore to Rs 0.22 crore.
Profit before tax grew 103.09% to Rs 27.58 crore. Share of profit/loss was 63.52% higher at Rs 7.62 crore. Provision for tax was expense of Rs 7.09 crore, compared to Rs 3.35 crore. Effective tax rate was 20.14% compared to 18.37%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 88.78% to Rs 28.11 crore.
Equity capital stood at Rs 5.95 crore as of 31 March 2023 to Rs 5.95 crore as of 31 March 2022. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 73.95% as of 31 March 2023 ,compared to 73.95% as of 31 March 2022 .
Cash flow from operating activities increased to Rs 48.18 crore for year ended March 2023 from Rs 0.55 crore for year ended March 2022. Cash flow used in acquiring fixed assets during the year ended March 2023 stood at Rs 46.42 crore, compared to Rs 29.25 crore during the year ended March 2022.
| NDR Auto Components : Consolidated Results |
| | Quarter ended | Year ended |
|---|
| Particulars | 202306 | 202206 | Var.(%) | 202303 | 202203 | Var.(%) |
|---|
| Net Sales (including other operating income) | 127.63 | 63.04 | 102.46 | 392.78 | 232.55 | 68.90 | | OPM (%) | 9.00 | 7.20 | 180 bps | 8.08 | 5.99 | 209 bps | | OP | 11.49 | 4.54 | 153.08 | 31.74 | 13.94 | 127.69 | | Other Inc. | 1.29 | 1.05 | 22.86 | 6.31 | 7.70 | -18.05 | | PBIDT | 12.78 | 5.59 | 128.62 | 38.05 | 21.64 | 75.83 | | Interest | 0.69 | 0.26 | 165.38 | 1.79 | 0.73 | 145.21 | | PBDT | 12.09 | 5.33 | 126.83 | 36.26 | 20.91 | 73.41 | | Depreciation | 3.49 | 1.84 | 89.67 | 8.68 | 7.33 | 18.42 | | PBT | 8.60 | 3.49 | 146.42 | 27.58 | 13.58 | 103.09 | | Share of Profit/(Loss) from Associates | 1.93 | 1.46 | 32.19 | 7.62 | 4.66 | 63.52 | | PBT before EO | 10.53 | 4.95 | 112.73 | 35.2 | 18.24 | 92.98 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 10.53 | 4.95 | 112.73 | 35.2 | 18.24 | 92.98 | | Taxation | 2.29 | 0.9 | 154.44 | 7.09 | 3.35 | 111.64 | | PAT | 8.24 | 4.05 | 103.46 | 28.11 | 14.89 | 88.78 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | | Net profit | 8.24 | 4.05 | 103.46 | 28.11 | 14.89 | 88.78 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 8.24 | 4.05 | 103.46 | 28.11 | 14.89 | 88.78 | | EPS (Rs)* | 6.93 | 3.41 | 103.46 | 23.64 | 12.52 | 88.78 | | | * EPS is on current equity of Rs 11.89 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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