Capitaline

Results 08-Aug-21

Analysis

Rajoo Engineers

Net down 24% hit by 590 bps contraction in OPM

Standalone net sales (including other operating income) of Rajoo Engineers has increased 34.74% to Rs 32.93 crore. Operating profit margin has slumped from 11.99% to 6.10%, leading to 31.40% decline in operating profit to Rs 2.01 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 57.08% to 63.14%. Employee cost increased from 10.60% to 12.29%. Other expenses rose from 17.45% to 17.46%.

Other income up 206.67% to Rs 0.46 crore. Provision for interest fell 65.52% to Rs 0.1 crore.

Provision for depreciation down 3.41% to Rs 0.85 crore.

Profit before tax down 20.42% to Rs 1.52 crore. Provision for tax was expense of Rs 0.46 crore, compared to Rs 0.52 crore. Effective tax rate was 30.26% compared to 27.23%.

Profit after tax fell 23.74% to Rs 1.06 crore.

Promoters’ stake was 65.84% as of 30 June 2021 ,compared to 65.80% as of 30 June 2020 .

Rajoo Engineers : Standalone Results

	Quarter ended			Year ended
Particulars	202106	202006	Var.(%)	202103	202003	Var.(%)
Net Sales (including other operating income)	32.93	24.44	34.74	152.25	93.55	62.75
OPM (%)	6.10	11.99	-588 bps	12.32	7.84	448 bps
OP	2.01	2.93	-31.40	18.75	7.33	155.80
Other Inc.	0.46	0.15	206.67	0.58	0.14	314.29
PBIDT	2.47	3.08	-19.81	19.33	7.47	158.77
Interest	0.1	0.29	-65.52	0.99	2.09	-52.63
PBDT	2.37	2.79	-15.05	18.34	5.38	240.89
Depreciation	0.85	0.88	-3.41	3.45	3.78	-8.73
PBT	1.52	1.91	-20.42	14.89	1.6	830.63
PBT before EO	1.52	1.91	-20.42	14.89	1.6	830.63
EO Income	0	0	-	0	0	-
PBT after EO	1.52	1.91	-20.42	14.89	1.6	830.63
Taxation	0.46	0.52	-11.54	4.48	0.13	3,346.15
PAT	1.06	1.39	-23.74	10.41	1.47	608.16
P/(L) from discontinued operations net of tax	0	0	-	0	0	-
Net profit after discontinued operations	1.06	1.39	-23.74	10.41	1.47	608.16
EPS (Rs)*	0.17	0.23	-23.74	1.69	0.24	608.16

* EPS is on current equity of Rs 6.15 crore, Face value of Rs 1, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database

Previous News

Rajoo Engineers consolidated net profit rises 31.35% in the March 2024 quarter
( Results - Announcements 16-Apr-24 07:30 )

Rajoo Engineers announces board meeting date
( Corporate News - 18-Aug-21 11:19 )

Rajoo Engineers standalone net profit declines 30.75% in the September 2022 quarter
( Results - Announcements 05-Nov-22 16:10 )

Rajoo Engineers to declare Quarterly Result
( Corporate News - 10-May-22 13:55 )

Rajoo Engineers to announce Quarterly Result
( Corporate News - 29-Oct-20 16:25 )

Rajoo Engineers standalone net profit rises 41.95% in the September 2021 quarter
( Results - Announcements 12-Nov-21 11:32 )

Board of Rajoo Engineers recommends final dividend
( Corporate News - 07-May-15 17:40 )

Rajoo Engineers schedules board meeting
( Corporate News - 28-Oct-23 15:58 )

Rajoo Engineers commences expansion project at Rajkot unit
( Corporate News - 29-Nov-23 11:22 )

Board of Rajoo Engineers appoints director
( Corporate News - 19-Mar-15 19:17 )

Rajoo Engineers to declare Quarterly Result
( Corporate News - 28-Aug-20 11:52 )