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Standalone net sales (including other operating income) of Cords Cable Industries for the quarter ended Mar 2024 has increased 26.23% to Rs 179.22 crore. Operating profit margin has declined from 7.75% to 6.75%, leading to 9.91% rise in operating profit to Rs 12.09 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 79.34% to 81.25%. Employee cost decreased from 5.21% to 4.62%. Other expenses rose from 7.50% to 7.51%. Other income up 260.98% to Rs 1.48 crore. PBIDT rose 18.93% to Rs 13.57 crore. Provision for interest fell 0.29% to Rs 6.88 crore. PBDT rose 48.34% to Rs 6.69 crore. Provision for depreciation rose 11.83% to Rs 2.08 crore. Profit before tax grew 73.96% to Rs 4.61 crore. Provision for tax was expense of Rs 1.38 crore, compared to Rs 0.53 crore. Effective tax rate was 29.93% compared to 20.00%. Profit after tax rose 52.36% to Rs 3.23 crore. Full year results analysis
Net sales (including other operating income) of Cords Cable Industries has increased 19.28% to Rs 627.74 crore. Operating profit margin has declined from 7.51% to 6.58%, leading to 4.48% rise in operating profit to Rs 41.31 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 79.44% to 80.76%. Employee cost decreased from 4.97% to 4.79%. Other expenses rose from 7.87% to 7.88%. Other income up 276.26% to Rs 5.23 crore. PBIDT rose 13.71% to Rs 46.54 crore. Provision for interest up 4.90% to Rs 24.64 crore. PBDT rose 25.57% to Rs 21.9 crore. Provision for depreciation rose 5.98% to Rs 8.15 crore. Profit before tax grew 41.03% to Rs 13.75 crore. Provision for tax was expense of Rs 3.68 crore, compared to Rs 2.53 crore. Effective tax rate was 26.76% compared to 25.95%. Profit after tax rose 39.47% to Rs 10.07 crore. Others The Board of Directors at its meeting held on 24th May, 2024, has proposed a final dividend of Rs 1/- per Equity Share. Equity capital stood at Rs 12.93 crore as of 31 March 2024 to Rs 12.93 crore as of 31 March 2023. Per share face Value remained same at Rs 10.00. Promoters’ stake was 51.86% as of 31 March 2024 ,compared to 51.77% as of 31 March 2023 . Loan funds rose to Rs 77.83 crore as of 31 March 2024 from Rs 76.02 crore as of 31 March 2023. Inventories rose to Rs 68.49 crore as of 31 March 2024 from Rs 63.30 crore as of 31 March 2023. Sundry debtors were higher at Rs 164.89 crore as of 31 March 2024 compared to Rs 148.70 crore as of 31 March 2023. Cash and bank balance rose to Rs 24.28 crore as of 31 March 2024 from Rs 19.96 crore as of 31 March 2023. Investments rose to Rs 1.76 crore as of 31 March 2024 from Rs 0.38 crore as of 31 March 2023 . Fixed assets declined from Rs 93.41 crore as of 31 March 2023 to Rs 90.74 crore as of 31 March 2024. Cash flow from operating activities decreased to Rs 29.83 crore for year ended March 2024 from Rs 35.00 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 5.49 crore, compared to Rs 5.88 crore during the year ended March 2023.
| Cords Cable Industries : Standalone Results | | Quarter ended | Year ended |
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| Particulars | 202403 | 202303 | Var.(%) | 202403 | 202303 | Var.(%) |
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| Net Sales (including other operating income) | 179.22 | 141.98 | 26.23 | 627.74 | 526.26 | 19.28 | | OPM (%) | 6.75 | 7.75 | -100 bps | 6.58 | 7.51 | -93 bps | | OP | 12.09 | 11.00 | 9.91 | 41.31 | 39.54 | 4.48 | | Other Inc. | 1.48 | 0.41 | 260.98 | 5.23 | 1.39 | 276.26 | | PBIDT | 13.57 | 11.41 | 18.93 | 46.54 | 40.93 | 13.71 | | Interest | 6.88 | 6.9 | -0.29 | 24.64 | 23.49 | 4.90 | | PBDT | 6.69 | 4.51 | 48.34 | 21.90 | 17.44 | 25.57 | | Depreciation | 2.08 | 1.86 | 11.83 | 8.15 | 7.69 | 5.98 | | PBT | 4.61 | 2.65 | 73.96 | 13.75 | 9.75 | 41.03 | | PBT before EO | 4.61 | 2.65 | 73.96 | 13.75 | 9.75 | 41.03 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 4.61 | 2.65 | 73.96 | 13.75 | 9.75 | 41.03 | | Taxation | 1.38 | 0.53 | 160.38 | 3.68 | 2.53 | 45.45 | | PAT | 3.23 | 2.12 | 52.36 | 10.07 | 7.22 | 39.47 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 3.23 | 2.12 | 52.36 | 10.07 | 7.22 | 39.47 | | EPS (Rs)* | 2.50 | 1.64 | 52.36 | 7.79 | 5.58 | 39.47 | | | * EPS is on current equity of Rs 12.93 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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