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Results
06-Aug-22
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Analysis
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Pix Transmission
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Sales up 21%, NP up 7%
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Pix
Transmission consolidated net sales increased 21.01% to Rs 120.31 crore in
Q1FY23 compared to Q1FY22.
Operating
profit margin has declined from 26.59% to 20.88%, leading to 4.99% decline in
operating profit to Rs 25.12 crore. Raw
material cost as a % of total sales (net of stock adjustments) decreased from
39.26% to 37.46%. Purchase of finished
goods cost fell from 4.69% to 2.93%.
Employee cost increased from 19.39% to 23.87%. Other expenses rose from 12.65% to
14.73%.
Other
income rose 174.03% to Rs 6.33 crore.
PBIDT rose 9.39% to Rs 31.45 crore.
Provision for interest rose 10.06% to Rs 1.86 crore.
PBDT
rose 9.35% to Rs 29.59 crore. Provision
for depreciation rose 16.01% to Rs 5.87 crore.
Profit
before tax grew 7.82% to Rs 23.72 crore.
Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 6.04
crore, compared to Rs 5.51 crore.
Effective tax rate was 25.46% compared to 25.05%.
Net
profit attributable to owners of the company increased 7.22% to Rs 17.68
crore.
Promoters’
stake was 61.80% as of 30 June 2022 compared to 61.73% as of 30 June 2021
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Full year results
analysis
Net
sales of Pix Transmission have increased 18.14% to Rs 449.26 crore.
Operating
profit margin has declined from 29.12% to 25.41%, leading to 3.12% rise in
operating profit to Rs 114.17 crore. Raw
material cost as a % of total sales (net of stock adjustments) increased from
37.28% to 37.54%. Purchase of finished
goods cost rose from 2.33% to 2.75%.
Employee cost decreased from 19.22% to 19.05%. Other expenses rose from 12.78% to
15.43%.
Other
income rose 63.73% to Rs 8.17 crore.
PBIDT rose 5.73% to Rs 122.34 crore.
Provision for interest fell 16.55% to Rs 7.01 crore. Loan funds rose to Rs 117.98 crore as of 31
March 2022 from Rs 73.80 crore as of 31 March 2021. Inventories rose to Rs 124.82 crore as of 31
March 2022 from Rs 96.70 crore as of 31 March 2021. Sundry debtors were higher at Rs 95.45 crore
as of 31 March 2022 compared to Rs 81.54 crore as of 31 March 2021. Cash and bank balance rose to Rs 32.03 crore
as of 31 March 2022 from Rs 14.83 crore as of 31 March 2021. Investments rose to Rs 4.51 crore as of 31
March 2022 from Rs 4.36 crore as of 31 March 2021 .
PBDT
rose 7.47% to Rs 115.33 crore. Provision
for depreciation rose 3.91% to Rs 20.75 crore.
Fixed assets increased to Rs 258.40 crore as of 31 March 2022 from Rs
225.92 crore as of 31 March 2021.
Intangible assets increased from Rs 0.22 crore to Rs 0.30 crore.
Profit
before tax grew 8.29% to Rs 94.58 crore.
Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 25.74
crore, compared to Rs 22.44 crore.
Effective tax rate was 27.22% compared to 25.69%.
Minority
interest was nil in both the periods.
Net profit attributable to owners of the company increased 6.07% to Rs
68.84 crore.
Equity
capital stood at Rs 13.62 crore as of 31 March 2022 to Rs 13.62 crore as of 31
March 2021. Per share face Value
remained same at Rs 10.00.
Promoters’
stake was 61.78% as of 31 March 2022 ,compared to 61.73% as of 31 March 2021
.
Cash
flow from operating activities increased to Rs 54.65 crore for year ended March
2022 from Rs 35.44 crore for year ended March 2021. Cash flow used in acquiring fixed assets
during the year ended March 2022 stood at Rs 71.10 crore, compared to Rs 27.77
crore during the year ended March 2021.
The
scrip trades at Rs 922
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Pix Transmission : Consolidated Results
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Particulars
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2206 (03)
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2106 (03)
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Var.(%)
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2203 (12)
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2103 (12)
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Var.(%)
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Net Sales
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120.31
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99.42
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21
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449.26
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380.27
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18
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OPM (%)
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20.9
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26.6
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25.4
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29.1
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OP
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25.12
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26.44
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-5
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114.17
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110.72
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3
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Other Inc.
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6.33
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2.31
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174
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8.17
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4.99
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64
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PBIDT
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31.45
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28.75
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9
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122.34
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115.71
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6
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Interest
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1.86
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1.69
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10
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7.01
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8.4
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-17
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PBDT
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29.59
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27.06
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9
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115.33
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107.31
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7
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Depreciation
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5.87
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5.06
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16
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20.75
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19.97
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4
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PBT
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23.72
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22
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8
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94.58
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87.34
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8
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Share of Profit/(Loss) from Associates
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0
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0
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0
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0
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-
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PBT before EO
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23.72
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22
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8
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94.58
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87.34
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8
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EO Income
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0
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0
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0
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0
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-
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PBT after EO
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23.72
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22
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8
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94.58
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87.34
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8
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Taxation
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6.04
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5.51
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10
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25.74
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22.44
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15
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PAT
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17.68
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16.49
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7
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68.84
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64.9
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6
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Minority Interest (MI)
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0
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0
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0
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0
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-
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Net profit
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17.68
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16.49
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7
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68.84
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64.9
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6
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EPS (Rs)*
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#
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#
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50.5
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47.6
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Notes
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* EPS is on current equity of Rs 13.63 crore, Face value of Rs
10, Excluding extraordinary items.
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# EPS is not annualised
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bps : Basis points
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EO : Extraordinary items
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Figures in Rs crore
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Source: Capitaline Corporate Database
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(
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(
Results
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11-Nov-23
07:40
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Pix Transmission to conduct board meeting
(
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05-Aug-19
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