Sales of Food Divison segment has gone up 10.71% to Rs 11.09 crore (accounting for 19.28% of total sales).  Sales of Engineering Division segment has gone down 18.33% to Rs 46.46 crore (accounting for 80.72% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has slumped 24.87% to Rs 12.58 crore.  PBIT of Food Divison segment fell 34.81% to Rs 1.11 crore (accounting for 8.81% of total PBIT).  PBIT of Engineering Division segment fell 23.75% to Rs 11.47 crore (accounting for 91.19% of total PBIT).  

PBIT margin of Food Divison segment fell from 16.97% to 9.99%.  PBIT margin of Engineering Division segment fell from 26.44% to 24.69%.  Overall PBIT margin fell from 25.02% to 21.85%.  

Full year results analysis

Net sales (including other operating income) of Mazda has increased 17.71% to Rs 225.43 crore.  Sales of Food Divison segment has gone up 13.04% to Rs 30.10 crore (accounting for 13.35% of total sales).  Sales of Engineering Division segment has gone up 18.46% to Rs 195.33 crore (accounting for 86.65% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has slumped 0.81% to Rs 49.95 crore.  PBIT of Food Divison segment fell 53.75% to Rs 1.72 crore (accounting for 3.44% of total PBIT).  PBIT of Engineering Division segment rose 3.40% to Rs 48.23 crore (accounting for 96.56% of total PBIT).  

PBIT margin of Food Divison segment fell from 13.94% to 5.70%.  PBIT margin of Engineering Division segment fell from 28.29% to 24.69%.  Overall PBIT margin fell from 26.29% to 22.16%.  

Operating profit margin has declined from 19.41% to 17.64%, leading to 6.99% rise in operating profit to Rs 39.77 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 52.22% to 47.69%.   Employee cost increased from 11.48% to 12.78%.   Other expenses rose from 18.27% to 20.48%.   Contract job process charges rose from 7.31% to 7.54%.   

Other income up 181.20% to Rs 6.58 crore.  PBIDT rose 17.31% to Rs 46.35 crore.  Provision for interest fell 14.29% to Rs 0.54 crore.  Loan funds remained nil.  Inventories declined from Rs 52.90 crore as of 31 March 2023 to Rs 35.92 crore as of 31 March 2024.  Sundry debtors were lower at Rs 33.18 crore as of 31 March 2024 compared to Rs 36.70 crore as of 31 March 2023.  Cash and bank balance rose to Rs 14.31 crore as of 31 March 2024 from Rs 8.06 crore as of 31 March 2023.  Investments rose to Rs 77.65 crore as of 31 March 2024 from Rs 43.26 crore as of 31 March 2023 .  

PBDT rose 17.82% to Rs 45.81 crore.  Provision for depreciation rose 27.62% to Rs 4.02 crore.  Fixed assets declined from Rs 76.03 crore as of 31 March 2023 to Rs 74.37 crore as of 31 March 2024.  Intangible assets declined from Rs 0.25 crore to Rs 0.23 crore.  

Profit before tax grew 16.96% to Rs 41.79 crore.  Provision for tax was expense of Rs 10.27 crore, compared to Rs 9.1 crore.  Effective tax rate was 24.58% compared to 25.47%.

Profit after tax rose 18.36% to Rs 31.52 crore.  

Equity capital stood at Rs 4.01 crore as of 31 March 2024 to Rs 4.01 crore as of 31 March 2023.  Per share face Value remained same at Rs 10.00.  

Promoters’ stake was 48.35% as of 31 March 2024 ,compared to 48.35% as of 31 March 2023 .  

Cash flow from operating activities increased to Rs 43.02 crore for year ended March 2024 from Rs 23.59 crore for year ended March 2023.  Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 2.87 crore, compared to Rs 4.60 crore during the year ended March 2023.