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Standalone net sales (including other operating income) of Sreeleathers for the quarter ended Mar 2024 has increased 2.71% to Rs 49.60 crore. Operating profit margin has declined from 19.69% to 13.59%, leading to 29.13% decline in operating profit to Rs 6.74 crore. Purchase of finished goods cost rose from 75.20% to 75.42%. Employee cost increased from 3.50% to 4.29%. Other expenses rose from 2.30% to 6.12%. PBIDT fell 28.65% to Rs 6.9 crore. Provision for interest up 23.08% to Rs 0.16 crore. Loan funds declined from Rs 3.15 crore as of 31 March 2023 to Rs 2.93 crore as of 31 March 2024. Inventories declined from Rs 14.38 crore as of 31 March 2023 to Rs 12.51 crore as of 31 March 2024. Sundry debtors were higher at Rs 0.40 crore as of 31 March 2024 compared to Rs 0.34 crore as of 31 March 2023. Cash and bank balance rose to Rs 10.53 crore as of 31 March 2024 from Rs 7.86 crore as of 31 March 2023. Investments rose to Rs 263.99 crore as of 31 March 2024 from Rs 219.06 crore as of 31 March 2023 . PBDT fell 29.35% to Rs 6.74 crore. Provision for depreciation down 57.14% to Rs 0.15 crore. Fixed assets declined from Rs 150.13 crore as of 31 March 2023 to Rs 149.78 crore as of 31 March 2024. Intangible assets stood at Rs 1.22 crore. Profit before tax down 28.29% to Rs 6.59 crore. Provision for tax was expense of Rs 1.81 crore, compared to Rs 2.46 crore. Effective tax rate was 27.47% compared to 26.77%. Profit after tax fell 28.97% to Rs 4.78 crore. Full year results analysis
Net sales (including other operating income) of Sreeleathers has increased 9.04% to Rs 217.68 crore. Operating profit margin has declined from 17.90% to 17.26%, leading to 5.15% rise in operating profit to Rs 37.57 crore. Purchase of finished goods cost fell from 75.06% to 74.56%. Employee cost increased from 3.09% to 3.43%. Other expenses rose from 4.09% to 4.61%. Other income fell 3.39% to Rs 0.57 crore. PBIDT rose 5.01% to Rs 38.14 crore. Provision for interest up 26.67% to Rs 0.57 crore. Loan funds declined from Rs 3.15 crore as of 31 March 2023 to Rs 2.93 crore as of 31 March 2024. Inventories declined from Rs 14.38 crore as of 31 March 2023 to Rs 12.51 crore as of 31 March 2024. Sundry debtors were higher at Rs 0.40 crore as of 31 March 2024 compared to Rs 0.34 crore as of 31 March 2023. Cash and bank balance rose to Rs 10.53 crore as of 31 March 2024 from Rs 7.86 crore as of 31 March 2023. Investments rose to Rs 263.99 crore as of 31 March 2024 from Rs 219.06 crore as of 31 March 2023 . PBDT rose 4.74% to Rs 37.57 crore. Provision for depreciation down 7.09% to Rs 1.18 crore. Fixed assets declined from Rs 150.13 crore as of 31 March 2023 to Rs 149.78 crore as of 31 March 2024. Intangible assets stood at Rs 1.22 crore. Profit before tax grew 5.17% to Rs 36.39 crore. Provision for tax was expense of Rs 9.54 crore, compared to Rs 8.98 crore. Effective tax rate was 26.22% compared to 25.95%. Profit after tax rose 4.80% to Rs 26.85 crore. Equity capital stood at Rs 23.16 crore as of 31 March 2024 to Rs 23.16 crore as of 31 March 2023. Per share face Value remained same at Rs 10.00. Promoters’ stake was 75.00% as of 31 March 2024 ,compared to 75.00% as of 31 March 2023 .
| Sreeleathers : 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) | 49.60 | 48.29 | 2.71 | 217.68 | 199.64 | 9.04 | | OPM (%) | 13.59 | 19.69 | -610 bps | 17.26 | 17.90 | -64 bps | | OP | 6.74 | 9.51 | -29.13 | 37.57 | 35.73 | 5.15 | | Other Inc. | 0.16 | 0.16 | 0.00 | 0.57 | 0.59 | -3.39 | | PBIDT | 6.90 | 9.67 | -28.65 | 38.14 | 36.32 | 5.01 | | Interest | 0.16 | 0.13 | 23.08 | 0.57 | 0.45 | 26.67 | | PBDT | 6.74 | 9.54 | -29.35 | 37.57 | 35.87 | 4.74 | | Depreciation | 0.15 | 0.35 | -57.14 | 1.18 | 1.27 | -7.09 | | PBT | 6.59 | 9.19 | -28.29 | 36.39 | 34.6 | 5.17 | | PBT before EO | 6.59 | 9.19 | -28.29 | 36.39 | 34.6 | 5.17 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 6.59 | 9.19 | -28.29 | 36.39 | 34.6 | 5.17 | | Taxation | 1.81 | 2.46 | -26.42 | 9.54 | 8.98 | 6.24 | | PAT | 4.78 | 6.73 | -28.97 | 26.85 | 25.62 | 4.80 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 4.78 | 6.73 | -28.97 | 26.85 | 25.62 | 4.80 | | EPS (Rs)* | 2.06 | 2.91 | -28.97 | 11.60 | 11.06 | 4.80 | | | * 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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