Standalone net sales (including other operating income) of Sreeleathers for the quarter ended Dec 2023 has increased 22.88% to Rs 58.16 crore. Operating profit margin has declined from 18.91% to 16.61%, leading to 7.93% rise in operating profit to Rs 9.66 crore. Purchase of finished goods cost rose from 72.91% to 74.29%. Employee cost increased from 3.50% to 3.69%. Other expenses rose from 3.65% to 5.22%. Other income up 25% to Rs 0.15 crore. PBIDT rose 8.16% to Rs 9.81 crore. Provision for interest up 45.45% to Rs 0.16 crore. PBDT rose 7.70% to Rs 9.65 crore. Provision for depreciation down 5.56% to Rs 0.34 crore. Profit before tax grew 8.26% to Rs 9.31 crore. Provision for tax was expense of Rs 2.45 crore, compared to Rs 2.19 crore. Effective tax rate was 26.32% compared to 25.47%. Profit after tax rose 7.02% to Rs 6.86 crore. For year-to-date (YTD) results analysis
For 9m ended Dec 2023, net sales (including other operating income) of Sreeleathers has increased 11.04% to Rs 168.07 crore.
Operating profit margin has jumped from 17.32% to 18.34%, leading to 17.58% rise in operating profit to Rs 30.83 crore. Purchase of finished goods cost fell from 75.00% to 74.32%. Employee cost increased from 2.95% to 3.18%. Other expenses fell from 4.69% to 4.17%. Other income fell 6.82% to Rs 0.41 crore. PBIDT rose 17.18% to Rs 31.24 crore. Provision for interest up 24.24% to Rs 0.41 crore. PBDT rose 17.09% to Rs 30.83 crore. Provision for depreciation rose 11.96% to Rs 1.03 crore. Profit before tax grew 17.28% to Rs 29.80 crore. Provision for tax was expense of Rs 7.73 crore, compared to Rs 6.52 crore. Effective tax rate was 25.94% compared to 25.66%.Profit after tax rose 16.83% to Rs 22.07 crore. Promoters’ stake was 75.00% as of 31 December 2023 ,compared to 75.00% as of 31 December 2022 .
| Sreeleathers : 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) | 58.16 | 47.33 | 22.88 | 168.07 | 151.36 | 11.04 | 199.64 | 121.86 | 63.83 | | OPM (%) | 16.61 | 18.91 | -230 bps | 18.34 | 17.32 | 102 bps | 17.90 | 19.31 | -141 bps | | OP | 9.66 | 8.95 | 7.93 | 30.83 | 26.22 | 17.58 | 35.73 | 23.53 | 51.85 | | Other Inc. | 0.15 | 0.12 | 25.00 | 0.41 | 0.44 | -6.82 | 0.59 | 0.59 | 0.00 | | PBIDT | 9.81 | 9.07 | 8.16 | 31.24 | 26.66 | 17.18 | 36.32 | 24.12 | 50.58 | | Interest | 0.16 | 0.11 | 45.45 | 0.41 | 0.33 | 24.24 | 0.45 | 0.44 | 2.27 | | PBDT | 9.65 | 8.96 | 7.70 | 30.83 | 26.33 | 17.09 | 35.87 | 23.68 | 51.48 | | Depreciation | 0.34 | 0.36 | -5.56 | 1.03 | 0.92 | 11.96 | 1.27 | 1.14 | 11.40 | | PBT | 9.31 | 8.60 | 8.26 | 29.8 | 25.41 | 17.28 | 34.6 | 22.54 | 53.50 | | PBT before EO | 9.31 | 8.6 | 8.26 | 29.8 | 25.41 | 17.28 | 34.6 | 22.54 | 53.50 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 9.31 | 8.6 | 8.26 | 29.8 | 25.41 | 17.28 | 34.6 | 22.54 | 53.50 | | Taxation | 2.45 | 2.19 | 11.87 | 7.73 | 6.52 | 18.56 | 8.98 | 6.01 | 49.42 | | PAT | 6.86 | 6.41 | 7.02 | 22.07 | 18.89 | 16.83 | 25.62 | 16.53 | 54.99 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 6.86 | 6.41 | 7.02 | 22.07 | 18.89 | 16.83 | 25.62 | 16.53 | 54.99 | | EPS (Rs)* | 2.96 | 2.77 | 7.02 | 9.53 | 8.16 | 16.83 | 11.06 | 7.14 | 54.99 | | | * EPS is on current equity of Rs 23.16 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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