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Standalone net sales (including other operating income) of Precision Wires India for the quarter ended Dec 2023 has increased 14.38% to Rs 804.83 crore. Operating profit margin has jumped from 4.65% to 4.80%, leading to 18.29% rise in operating profit to Rs 38.67 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 90.57% to 90.76%. Employee cost decreased from 1.21% to 1.18%. Other expenses fell from 3.72% to 3.46%. Power and Oil fuel cost fell from 1.16% to 1.05%. PBIDT rose 18.29% to Rs 38.67 crore. Provision for interest up 14.93% to Rs 9.24 crore. PBDT rose 19.39% to Rs 29.43 crore. Provision for depreciation rose 23.14% to Rs 4.47 crore. Profit before tax grew 18.74% to Rs 24.96 crore. Provision for tax was expense of Rs 6.91 crore, compared to Rs 5.88 crore. Effective tax rate was 27.68% compared to 27.97%. Profit after tax rose 19.22% to Rs 18.05 crore. For year-to-date (YTD) results analysis
Standalone net sales (including other operating income) of Precision Wires India for 9mFY24 has increased 8.03% to Rs 2,437.01 crore.
Operating profit margin has jumped from 4.31% to 4.52%, leading to 13.14% rise in operating profit to Rs 110.11 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 90.98% to 90.97%. Employee cost increased from 1.15% to 1.19%. Other expenses fell from 3.55% to 3.38%. PBIDT rose 13.14% to Rs 110.11 crore. Provision for interest up 19.16% to Rs 27.93 crore. PBDT rose 11.23% to Rs 82.18 crore. Provision for depreciation rose 19.76% to Rs 12.73 crore. Profit before tax grew 9.80% to Rs 69.45 crore. Provision for tax was expense of Rs 18.51 crore, compared to Rs 16.62 crore. Effective tax rate was 26.65% compared to 26.28%.Profit after tax rose 9.24% to Rs 50.94 crore. To pay second interim dividend @ 30% and the record date for the same is Feb 20, 2024. Promoters’ stake was 57.93% as of 31 December 2023 ,compared to 59.67% as of 31 December 2022 .
| Precision Wires India : Standalone Results | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202312 | 202212 | Var.(%) | 202312 | 202212 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 804.83 | 703.66 | 14.38 | 2,437.01 | 2,255.87 | 8.03 | 3,055.47 | 2,690.04 | 13.58 | | OPM (%) | 4.80 | 4.65 | 16 bps | 4.52 | 4.31 | 20 bps | 4.20 | 4.62 | -42 bps | | OP | 38.67 | 32.69 | 18.29 | 110.11 | 97.32 | 13.14 | 128.36 | 124.31 | 3.26 | | Other Inc. | 0.00 | 0.00 | - | 0.00 | 0.00 | - | 0.00 | 0.00 | - | | PBIDT | 38.67 | 32.69 | 18.29 | 110.11 | 97.32 | 13.14 | 128.36 | 124.31 | 3.26 | | Interest | 9.24 | 8.04 | 14.93 | 27.93 | 23.44 | 19.16 | 32.91 | 24.9 | 32.17 | | PBDT | 29.43 | 24.65 | 19.39 | 82.18 | 73.88 | 11.23 | 95.45 | 99.41 | -3.98 | | Depreciation | 4.47 | 3.63 | 23.14 | 12.73 | 10.63 | 19.76 | 14.17 | 15.17 | -6.59 | | PBT | 24.96 | 21.02 | 18.74 | 69.45 | 63.25 | 9.80 | 81.28 | 84.24 | -3.51 | | PBT before EO | 24.96 | 21.02 | 18.74 | 69.45 | 63.25 | 9.80 | 81.28 | 84.24 | -3.51 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 24.96 | 21.02 | 18.74 | 69.45 | 63.25 | 9.80 | 81.28 | 84.24 | -3.51 | | Taxation | 6.91 | 5.88 | 17.52 | 18.51 | 16.62 | 11.37 | 21.79 | 21.23 | 2.64 | | PAT | 18.05 | 15.14 | 19.22 | 50.94 | 46.63 | 9.24 | 59.49 | 63.01 | -5.59 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 18.05 | 15.14 | 19.22 | 50.94 | 46.63 | 9.24 | 59.49 | 63.01 | -5.59 | | EPS (Rs)* | 1.01 | 0.85 | 19.22 | 2.85 | 2.61 | 9.24 | 3.33 | 3.53 | -5.59 | | | * EPS is on current equity of Rs 17.87 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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