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Standalone net sales (including other operating income) of Mazda for the quarter ended Dec 2023 has increased 24.61% to Rs 53.97 crore. Sales of Food Divison segment has gone up 4.76% to Rs 6.93 crore (accounting for 12.84% of total sales). Sales of Engineering Division segment has gone up 28.19% to Rs 47.04 crore (accounting for 87.16% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 9.38% to Rs 13.14 crore. PBIT of Food Divison segment fell 94.19% to Rs 0.09 crore (accounting for 0.67% of total PBIT). PBIT of Engineering Division segment rose 24.38% to Rs 13.06 crore (accounting for 99.33% of total PBIT). PBIT margin of Food Divison segment fell from 22.98% to 1.27%. PBIT margin of Engineering Division segment fell from 28.61% to 27.75%. Overall PBIT margin fell from 27.75% to 24.35%. Operating profit margin has declined from 19.86% to 18.97%, leading to 19.07% rise in operating profit to Rs 10.24 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 56.92% to 44.24%. Employee cost increased from 10.02% to 12.02%. Other expenses rose from 16.76% to 23.06%. Contract job process charges rose from 7.12% to 8.15%. Other income up 73.53% to Rs 1.77 crore. PBIDT rose 24.84% to Rs 12.01 crore. Provision for interest up 10% to Rs 0.11 crore. PBDT rose 25% to Rs 11.9 crore. Provision for depreciation rose 9.89% to Rs 1 crore. Profit before tax grew 26.60% to Rs 10.90 crore. Provision for tax was expense of Rs 2.64 crore, compared to Rs 2 crore. Effective tax rate was 24.22% compared to 23.23%. Profit after tax rose 24.96% to Rs 8.26 crore. For year-to-date (YTD) results analysis
For 9m ended Dec 2023, net sales (including other operating income) of Mazda has increased 34.71% to Rs 167.88 crore. Sales of Food Divison segment has gone up 14.44% to Rs 19.01 crore (accounting for 11.32% of total sales). Sales of Engineering Division segment has gone up 37.83% to Rs 148.87 crore (accounting for 88.68% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 14.08% to Rs 37.37 crore. PBIT of Food Divison segment fell 69.75% to Rs 0.61 crore (accounting for 1.63% of total PBIT). PBIT of Engineering Division segment rose 19.57% to Rs 36.76 crore (accounting for 98.37% of total PBIT). PBIT margin of Food Divison segment fell from 12.12% to 3.20%. PBIT margin of Engineering Division segment fell from 28.46% to 24.69%. Overall PBIT margin fell from 26.29% to 22.26%. Operating profit margin has declined from 17.68% to 16.49%, leading to 25.69% rise in operating profit to Rs 27.69 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 52.94% to 49.09%. Employee cost increased from 12.64% to 12.82%. Other expenses rose from 18.60% to 20.64%. Contract job process charges fell from 7.87% to 7.49%. Other income up 167.05% to Rs 4.62 crore. PBIDT rose 35.98% to Rs 32.31 crore. Provision for interest fell 14.89% to Rs 0.4 crore. PBDT rose 37.01% to Rs 31.91 crore. Provision for depreciation rose 36.36% to Rs 3 crore. Profit before tax grew 37.08% to Rs 28.91 crore. Provision for tax was expense of Rs 6.76 crore, compared to Rs 5.09 crore. Effective tax rate was 23.38% compared to 24.13%.Profit after tax rose 38.44% to Rs 22.15 crore. Promoters’ stake was 48.35% as of 31 December 2023 ,compared to 48.35% as of 31 December 2022 .
| Mazda : 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) | 53.97 | 43.31 | 24.61 | 167.88 | 124.62 | 34.71 | 191.52 | 164.99 | 16.08 | | OPM (%) | 18.97 | 19.86 | -88 bps | 16.49 | 17.68 | -118 bps | 19.41 | 16.70 | 271 bps | | OP | 10.24 | 8.60 | 19.07 | 27.69 | 22.03 | 25.69 | 37.17 | 27.55 | 34.92 | | Other Inc. | 1.77 | 1.02 | 73.53 | 4.62 | 1.73 | 167.05 | 2.34 | 3.19 | -26.65 | | PBIDT | 12.01 | 9.62 | 24.84 | 32.31 | 23.76 | 35.98 | 39.51 | 30.74 | 28.53 | | Interest | 0.11 | 0.1 | 10.00 | 0.4 | 0.47 | -14.89 | 0.63 | 0.67 | -5.97 | | PBDT | 11.90 | 9.52 | 25.00 | 31.91 | 23.29 | 37.01 | 38.88 | 30.07 | 29.30 | | Depreciation | 1 | 0.91 | 9.89 | 3 | 2.2 | 36.36 | 3.15 | 2.42 | 30.17 | | PBT | 10.90 | 8.61 | 26.60 | 28.91 | 21.09 | 37.08 | 35.73 | 27.65 | 29.22 | | PBT before EO | 10.9 | 8.61 | 26.60 | 28.91 | 21.09 | 37.08 | 35.73 | 27.65 | 29.22 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 10.9 | 8.61 | 26.60 | 28.91 | 21.09 | 37.08 | 35.73 | 27.65 | 29.22 | | Taxation | 2.64 | 2 | 32.00 | 6.76 | 5.09 | 32.81 | 9.1 | 6.41 | 41.97 | | PAT | 8.26 | 6.61 | 24.96 | 22.15 | 16 | 38.44 | 26.63 | 21.24 | 25.38 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 8.26 | 6.61 | 24.96 | 22.15 | 16 | 38.44 | 26.63 | 21.24 | 25.38 | | EPS (Rs)* | 20.62 | 16.50 | 24.96 | 55.31 | 39.95 | 38.44 | 66.49 | 53.03 | 25.38 | | | * EPS is on current equity of Rs 4.01 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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| Mazda : Standalone Segment Results | td>-| | Quarter ended | Year to Date | Year ended |
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| % of (Total) | 202312 | 202212 | Var.(%) | % of (Total) | 202312 | 202212 | Var.(%) | % of (Total) | 202303 | 202203 | Var.(%) |
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| Sales | | Vaccum Products | 0.00 | 0.00 | 0.00 | - | | Values Products | 0.00 | 0.00 | 0.00 | - | | Biotech | 0.00 | 0.00 | 0.00 | - | | Food Divison | 12.84 | 6.93 | 6.62 | 4.76 | 11.32 | 19.01 | 16.61 | 14.44 | 13.91 | 26.63 | 25.04 | 6.34 | | Engineering Division | 87.16 | 47.04 | 36.69 | 28.19 | 88.68 | 148.87 | 108.00 | 37.83 | 86.09 | 164.89 | 139.95 | 17.82 | | Total Reported Sales | 100.00 | 53.97 | 43.31 | 24.61 | 100.00 | 167.88 | 124.62 | 34.72 | 100.00 | 191.52 | 164.99 | 16.08 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 53.97 | 43.31 | 24.61 | 100.00 | 167.88 | 124.62 | 34.72 | 100.00 | 191.52 | 164.99 | 16.08 | | PBIT | | Vaccum Products | 0.00 | 0.00 | 0.00 | - | | Values Products | 0.00 | 0.00 | 0.00 | - | | Biotech | 0.00 | 0.00 | 0.00 | - | | Food Divison | 0.67 | 0.09 | 1.52 | -94.19 | 1.63 | 0.61 | 2.01 | -69.75 | 7.37 | 3.71 | 4.44 | -16.38 | | Engineering Division | 99.33 | 13.06 | 10.50 | 24.38 | 98.37 | 36.76 | 30.74 | 19.57 | 92.63 | 46.64 | 37.27 | 25.14 | | Total PBIT | 100.00 | 13.14 | 12.02 | 9.38 | 100.00 | 37.37 | 32.76 | 14.08 | 100.00 | 50.35 | 41.71 | 20.72 | | Less : Interest | | 0.11 | 0.10 | 5.42 | | 0.40 | 0.47 | -15.08 | | 0.63 | 0.67 | -6.38 | | Add: Other un-allcoable | | -2.13 | -3.30 | 35.52 | | -8.06 | -11.19 | 27.98 | | -14.00 | -13.39 | -4.57 | | PBIT Margin(%) | | Vaccum Products | | 0.00 | 0.00 | 0.00 | | Values Products | | 0.00 | 0.00 | 0.00 | | Biotech | | 0.00 | 0.00 | 0.00 | | Food Divison | | 1.27 | 22.98 | -2,170.52 | | 3.20 | 12.12 | -891.27 | | 13.94 | 17.73 | -378.83 | | Engineering Division | | 27.75 | 28.61 | -85.10 | | 24.69 | 28.46 | -377.14 | | 28.29 | 26.63 | 165.45 | | PBT | 100.00 | 10.91 | 8.61 | 26.64 | 100.00 | 28.91 | 21.09 | 37.05 | 100.00 | 35.72 | 27.65 | 29.20 |
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