Capitaline

Results 11-Feb-24

Analysis

Fluidomat

Net up 53% on good operating show

Standalone net sales (including other operating income) of Fluidomat for the quarter ended Dec 2023 has increased 27.32% to Rs 12.63 crore. Operating profit margin has jumped from 21.07% to 24.54%, leading to 48.33% rise in operating profit to Rs 3.10 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 40.23% to 36.70%. Employee cost decreased from 24.79% to 23.94%. Other expenses rose from 15.06% to 15.18%.

Other income up 61.11% to Rs 0.58 crore. PBIDT rose 50.20% to Rs 3.68 crore. Provision for interest remained nil.

PBDT rose 50.20% to Rs 3.68 crore. Provision for depreciation down 10% to Rs 0.18 crore.

Profit before tax grew 55.56% to Rs 3.50 crore. Provision for tax was expense of Rs 0.89 crore, compared to Rs 0.54 crore. Effective tax rate was 25.43% compared to 24.00%.

Profit after tax rose 52.63% to Rs 2.61 crore.

For year-to-date (YTD) results analysis

Net sales (including other operating income) of Fluidomat has increased 25.08% to Rs 39.85 crore. Operating profit margin has jumped from 24.76% to 26.78%, leading to 35.23% rise in operating profit to Rs 10.67 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 36.65% to 37.47%. Employee cost decreased from 23.73% to 21.26%. Other expenses fell from 14.89% to 14.04%.

Other income up 70% to Rs 1.87 crore. PBIDT rose 39.49% to Rs 12.54 crore. Provision for interest remained nil.

PBDT rose 39.49% to Rs 12.54 crore. Provision for depreciation down 8.33% to Rs 0.55 crore. Profit before tax grew 42.91% to Rs 11.99 crore. Provision for tax was expense of Rs 3.09 crore, compared to Rs 2.07 crore. Effective tax rate was 25.77% compared to 24.67%.Profit after tax rose 40.82% to Rs 8.90 crore.

Promoters’ stake was 53.46% as of 31 December 2023 ,compared to 53.47% as of 31 December 2022 . Promoters pledged stake was 0.65% as of 31 December 2023 ,compared to 0.65% as of 31 December 2022 .

Fluidomat : Standalone Results

	Quarter ended			Year to Date			Year ended
Particulars	202312	202212	Var.(%)	202312	202212	Var.(%)	202303	202203	Var.(%)
Net Sales (including other operating income)	12.63	9.92	27.32	39.85	31.86	25.08	46.16	34.07	35.49
OPM (%)	24.54	21.07	348 bps	26.78	24.76	201 bps	26.73	18.17	856 bps
OP	3.10	2.09	48.33	10.67	7.89	35.23	12.34	6.19	99.35
Other Inc.	0.58	0.36	61.11	1.87	1.10	70.00	1.27	1.58	-19.62
PBIDT	3.68	2.45	50.20	12.54	8.99	39.49	13.61	7.77	75.16
Interest	0	0	-	0	0	-	0	0	-
PBDT	3.68	2.45	50.20	12.54	8.99	39.49	13.61	7.77	75.16
Depreciation	0.18	0.2	-10.00	0.55	0.6	-8.33	0.74	0.67	10.45
PBT	3.50	2.25	55.56	11.99	8.39	42.91	12.87	7.1	81.27
PBT before EO	3.5	2.25	55.56	11.99	8.39	42.91	12.87	7.1	81.27
EO Income	0	0	-	0	0	-	0	0.33	-
PBT after EO	3.5	2.25	55.56	11.99	8.39	42.91	12.87	7.43	73.22
Taxation	0.89	0.54	64.81	3.09	2.07	49.28	3.25	1.94	67.53
PAT	2.61	1.71	52.63	8.9	6.32	40.82	9.62	5.49	75.23
P/(L) from discontinued operations net of tax	0	0	-	0	0	-	0	0	-
Net profit after discontinued operations	2.61	1.71	52.63	8.9	6.32	40.82	9.62	5.49	75.23
EPS (Rs)*	5.29	3.47	52.63	18.05	12.82	40.82	19.51	10.63	83.59

* EPS is on current equity of Rs 4.93 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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