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Consolidated net sales (including other operating income) of ISGEC Heavy Engineering for the quarter ended Sep 2023 has declined 2.61% to Rs 1473.1 crore. Operating profit margin has jumped from 6% to 9.07%, leading to 47.28% rise in operating profit to Rs 133.58 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 24.57% to 23.65%. Purchase of finished goods cost fell from 34.73% to 30.19%. Employee cost increased from 8.41% to 9.46%. Other expenses rose from 25.50% to 26.42%. Other direct service cost rose from 8.39% to 11.23%. Other income rose 39.06% to Rs 3.56 crore. PBIDT rose 47.05% to Rs 137.14 crore. Provision for interest rose 12.29% to Rs 20.46 crore. PBDT rose 55.49% to Rs 116.68 crore. Provision for depreciation rose 0.15% to Rs 25.9 crore. Profit before tax grew 84.59% to Rs 90.78 crore. Provision for tax was expense of Rs 27.1 crore, compared to Rs 20.66 crore. Effective tax rate was 29.85% compared to 42.03%. Net profit attributable to owners of the company increased 102.20% to Rs 59.79 crore. For year-to-date (YTD) results analysis.
Net sales (including other operating income) of ISGEC Heavy Engineering for the half year ended Sep 2023 has increased 3.61% to Rs 2858.86 crore. Operating profit margin has jumped from 5.89% to 8.29%, leading to 45.95% rise in operating profit to Rs 237.12 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 27.83% to 26.09%. Purchase of finished goods cost fell from 31.51% to 30.32%. Employee cost increased from 8.39% to 8.90%. Other expenses fell from 26.19% to 26.09%. Other direct service cost rose from 10.43% to 11.61%. Other income rose 172.01% to Rs 16.62 crore. PBIDT rose 50.52% to Rs 253.74 crore. Provision for interest rose 4.34% to Rs 39.71 crore. PBDT rose 63.98% to Rs 214.03 crore. Provision for depreciation fell 0.64% to Rs 51 crore. Profit before tax grew 105.87% to Rs 163.03 crore. Provision for tax was expense of Rs 46.83 crore, compared to Rs 32.63 crore. Effective tax rate was 28.72% compared to 41.23%. Net profit attributable to owners of the company increased 133.02% to Rs 110.45 crore. Equity capital stood at Rs 7.35 crore as of 30 September 2023 to Rs 7.35 crore as of 30 September 2022. Per share face Value remained same at Rs 1.00. Promoters’ stake was 62.43% as of 30 September 2023 ,compared to 62.43% as of 30 September 2022 . Loan funds declined from Rs 1,210.20 crore as of 30 September 2022 to Rs 959.22 crore as of 30 September 2023. Inventories declined from Rs 1,309.49 crore as of 30 September 2022 to Rs 1,210.97 crore as of 30 September 2023. Sundry debtors were higher at Rs 2,555.07 crore as of 30 September 2023 compared to Rs 2,167.14 crore as of 30 September 2022. Cash and bank balance rose to Rs 250.75 crore as of 30 September 2023 from Rs 196.77 crore as of 30 September 2022. Investments rose to Rs 152.62 crore as of 30 September 2023 from Rs 33.71 crore as of 30 September 2022. Fixed assets increased to Rs 1,799.88 crore as of 30 September 2023 from Rs 1,618.56 crore as of 30 September 2022. Intangible assets declined from Rs 22.96 crore to Rs 17.67 crore. .
| ISGEC Heavy Engineering : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202309 | 202209 | Var.(%) | 202309 | 202209 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 1,473.10 | 1,512.53 | -2.61 | 2,858.86 | 2,759.24 | 3.61 | 6,399.04 | 5,499.34 | 16.36 | | OPM (%) | 9.07 | 6.00 | 307 bps | 8.29 | 5.89 | 241 bps | 7.10 | 5.66 | 144 bps | | OP | 133.58 | 90.70 | 47.28 | 237.12 | 162.47 | 45.95 | 454.61 | 311.36 | 46.01 | | Other Inc. | 3.56 | 2.56 | 39.06 | 16.62 | 6.11 | 172.01 | 12.67 | 13.24 | -4.31 | | PBIDT | 137.14 | 93.26 | 47.05 | 253.74 | 168.58 | 50.52 | 467.28 | 324.60 | 43.96 | | Interest | 20.46 | 18.22 | 12.29 | 39.71 | 38.06 | 4.34 | 72.99 | 65.16 | 12.02 | | PBDT | 116.68 | 75.04 | 55.49 | 214.03 | 130.52 | 63.98 | 394.29 | 259.44 | 51.98 | | Depreciation | 25.9 | 25.86 | 0.15 | 51 | 51.33 | -0.64 | 104.3 | 101.36 | 2.90 | | PBT | 90.78 | 49.18 | 84.59 | 163.03 | 79.19 | 105.87 | 289.99 | 158.08 | 83.45 | | Share of Profit/(Loss) from Associates | 0.02 | -0.03 | LP | 0.03 | -0.04 | LP | 0.04 | 0.02 | 100.00 | | PBT before EO | 90.8 | 49.15 | 84.74 | 163.06 | 79.15 | 106.01 | 290.03 | 158.1 | 83.45 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 90.8 | 49.15 | 84.74 | 163.06 | 79.15 | 106.01 | 290.03 | 158.1 | 83.45 | | Taxation | 27.1 | 20.66 | 31.17 | 46.83 | 32.63 | 43.52 | 84.49 | 43.11 | 95.99 | | PAT | 63.7 | 28.49 | 123.59 | 116.23 | 46.52 | 149.85 | 205.54 | 114.99 | 78.75 | | Minority Interest (MI) | 3.91 | -1.08 | PL | 5.78 | -0.88 | PL | 9.05 | 6.17 | 46.68 | | Net profit | 59.79 | 29.57 | 102.20 | 110.45 | 47.4 | 133.02 | 196.49 | 108.82 | 80.56 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 59.79 | 29.57 | 102.20 | 110.45 | 47.4 | 133.02 | 196.49 | 108.82 | 80.56 | | EPS (Rs)* | 8.13 | 4.02 | 102.20 | 15.02 | 6.45 | 133.02 | 26.72 | 14.80 | 80.56 | | | * EPS is on current equity of Rs 7.35 crore, Face value of Rs 1, 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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