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Consolidated net sales (including other operating income) of Hindustan Aeronautics for the quarter ended Dec 2023 has increased 6.99% to Rs 6061.28 crore. Operating profit margin has jumped from 17.39% to 23.68%, leading to 45.65% rise in operating profit to Rs 1,435.33 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 37.91% to 45.46%. Purchase of finished goods cost fell from 3.39% to 2.26%. Employee cost increased from 20.94% to 21.07%. Other expenses fell from 19.55% to 7.95%. Other direct service cost fell from 0.60% to 0.55%. Provisions write offs cost fell from 15.03% to 3.92%. Other provisions fell from 15.03% to 3.92%. Pre-operation capitalised expenses fell from 4.24% to 2.70%. Other income fell 7.48% to Rs 459.98 crore. PBIDT rose 27.84% to Rs 1895.31 crore. Provision for interest fell 82.61% to Rs 0.36 crore. PBDT rose 27.99% to Rs 1894.95 crore. Provision for depreciation fell 21.09% to Rs 212.17 crore. Profit before tax grew 38.88% to Rs 1,682.78 crore. Share of profit/loss was 423.62% higher at Rs 6.65 crore. Provision for tax was expense of Rs 427.92 crore, compared to Rs 57.75 crore. Effective tax rate was 25.33% compared to 4.76%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 9.19% to Rs 1,261.40 crore. For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Hindustan Aeronautics has increased 8.17% to Rs 15612.33 crore. Operating profit margin has jumped from 23.79% to 24.59%, leading to 11.84% rise in operating profit to Rs 3,839.80 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 34.81% to 37.44%. Purchase of finished goods cost rose from 2.30% to 2.46%. Employee cost increased from 22.81% to 24.93%. Other expenses fell from 16.32% to 10.62%. Other direct service cost fell from 3.17% to 0.96%. Provisions writeoffs cost fell from 11.31% to 6.45%. Other provisions fell from 11.31% to 6.45%. Preoperation capitalised expenses fell from 6.08% to 3.89%. Other income rose 41.29% to Rs 1339.29 crore. PBIDT rose 18.21% to Rs 5179.09 crore. Provision for interest fell 73.78% to Rs 0.7 crore. PBDT rose 18.27% to Rs 5178.39 crore. Provision for depreciation rose 4.68% to Rs 763.2 crore. Profit before tax grew 20.98% to Rs 4,415.19 crore. Share of profit/loss was 9.99% lower at Rs 14.69 crore. Provision for tax was expense of Rs 1117.61 crore, compared to Rs 669.3 crore. Effective tax rate was 25.23% compared to 18.26%. Minority interest decreased 250% to Rs -0.07 crore. Net profit attributable to owners of the company increased 10.54% to Rs 3,312.34 crore.
| Hindustan Aeronautics : Consolidated 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) | 6,061.28 | 5,665.54 | 6.99 | 15,612.33 | 14,432.79 | 8.17 | 26,927.46 | 24,620.02 | 9.37 | | OPM (%) | 23.68 | 17.39 | 629 bps | 24.59 | 23.79 | 81 bps | 24.80 | 21.97 | 284 bps | | OP | 1,435.33 | 985.44 | 45.65 | 3,839.80 | 3,433.36 | 11.84 | 6,679.15 | 5,408.56 | 23.49 | | Other Inc. | 459.98 | 497.18 | -7.48 | 1,339.29 | 947.89 | 41.29 | 1,670.12 | 984.93 | 69.57 | | PBIDT | 1,895.31 | 1,482.62 | 27.84 | 5,179.09 | 4,381.25 | 18.21 | 8,349.27 | 6,393.49 | 30.59 | | Interest | 0.36 | 2.07 | -82.61 | 0.70 | 2.67 | -73.78 | 57.97 | 58.20 | -0.40 | | PBDT | 1,894.95 | 1,480.55 | 27.99 | 5,178.39 | 4,378.58 | 18.27 | 8,291.30 | 6,335.29 | 30.87 | | Depreciation | 212.17 | 268.88 | -21.09 | 763.2 | 729.06 | 4.68 | 1784.67 | 1110.53 | 60.70 | | PBT | 1,682.78 | 1,211.67 | 38.88 | 4415.19 | 3649.52 | 20.98 | 6506.63 | 5224.76 | 24.53 | | Share of Profit/(Loss) from Associates | 6.65 | 1.27 | 423.62 | 14.69 | 16.32 | -9.99 | 2.87 | -0.23 | LP | | PBT before EO | 1689.43 | 1212.94 | 39.28 | 4429.88 | 3665.84 | 20.84 | 6509.5 | 5224.53 | 24.59 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 1689.43 | 1212.94 | 39.28 | 4429.88 | 3665.84 | 20.84 | 6509.5 | 5224.53 | 24.59 | | Taxation | 427.92 | 57.75 | 640.99 | 1117.61 | 669.3 | 66.98 | 681.77 | 144.65 | 371.32 | | PAT | 1261.51 | 1155.19 | 9.20 | 3312.27 | 2996.54 | 10.54 | 5827.73 | 5079.88 | 14.72 | | Minority Interest (MI) | 0.11 | 0 | - | -0.07 | -0.02 | -250.00 | 0 | -0.16 | - | | Net profit | 1261.4 | 1155.19 | 9.19 | 3312.34 | 2996.56 | 10.54 | 5827.73 | 5080.04 | 14.72 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 1261.4 | 1155.19 | 9.19 | 3312.34 | 2996.56 | 10.54 | 5827.73 | 5080.04 | 14.72 | | EPS (Rs)* | 18.86 | 17.27 | 9.19 | 49.53 | 44.81 | 10.54 | 87.14 | 75.96 | 14.72 | | | * EPS is on current equity of Rs 334.39 crore, Face value of Rs 5, 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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