Results 10-Aug-22
Analysis
Shivalik Bimetal Controls
Sales up 58%, net up 87%
Consolidated net sales (including other operating income) of Shivalik Bimetal Controls has increased 57.56% to Rs 110.78 crore. Operating profit margin has jumped from 22.56% to 22.95%, leading to 60.28% rise in operating profit to Rs 25.42 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 53.54% to 57.28%. Employee cost decreased from 7.73% to 7.06%. Other expenses fell from 18.01% to 14.70%. Other income rose 748.24% to Rs 7.21 crore. PBIDT rose 95.27% to Rs 32.63 crore. Provision for interest rose 265.91% to Rs 1.61 crore. PBDT rose 90.66% to Rs 31.02 crore. Provision for depreciation rose 73.94% to Rs 2.47 crore. Profit before tax grew 92.26% to Rs 28.55 crore. Share of profit/loss was 63.27% higher at Rs 0.8 crore. Provision for tax was expense of Rs 7.66 crore, compared to Rs 3.74 crore. Effective tax rate was 26.10% compared to 24.38%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 86.98% to Rs 21.69 crore.
Promoters’ stake was 60.61% as of 30 June 2022 ,compared to 60.61% as of 30 June 2021 .
Shivalik Bimetal Controls : Consolidated Results
Quarter ended
Year ended
Particulars
202206
202106
Var.(%)
202203
202103
Var.(%)
Net Sales (including other operating income)
110.78
70.31
57.56
323.99
203.72
59.04
OPM (%)
22.95
22.56
39 bps
22.68
17.74
494 bps
OP
25.42
15.86
60.28
73.48
36.14
103.32
Other Inc.
7.21
0.85
748.24
5.45
4.05
34.57
PBIDT
32.63
16.71
95.27
78.93
40.19
96.39
Interest
1.61
0.44
265.91
2.76
1.63
69.33
PBDT
31.02
16.27
90.66
76.17
38.56
97.54
Depreciation
2.47
1.42
73.94
6.38
5.9
8.14
PBT
28.55
14.85
92.26
69.79
32.66
113.69
Share of Profit/(Loss) from Associates
0.8
0.49
63.27
3.51
1.67
110.18
PBT before EO
29.35
15.34
91.33
73.3
34.33
113.52
EO Income
0
0
-
0
0
-
PBT after EO
29.35
15.34
91.33
73.3
34.33
113.52
Taxation
7.66
3.74
104.81
18.19
8.84
105.77
PAT
21.69
11.6
86.98
55.11
25.49
116.20
Minority Interest (MI)
0
0
-
0
0
-
Net profit
21.69
11.6
86.98
55.11
25.49
116.20
P/(L) from discontinued operations net of tax
0
0
-
0
0
-
Net profit after discontinued operations
21.69
11.6
86.98
55.11
25.49
116.20
EPS (Rs)*
5.65
3.02
86.98
14.35
6.64
116.20
* EPS is on current equity of Rs 7.68 crore, Face value of Rs 2, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database
Previous News
Shivalik Bimetal Controls standalone net profit declines 39.57% in the September 2019 quarter
( Results - Announcements 12-Nov-19 16:16 )
Shivalik Bimetal Controls standalone net profit rises 4.90% in the September 2023 quarter
( Results - Announcements 06-Nov-23 17:41 )
Shivalik Bimetal Controls consolidated net profit rises 1.80% in the December 2023 quarter
( Results - Announcements 07-Feb-24 17:25 )
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( Results - Analysis 03-Mar-24 09:55 )
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( Corporate News - 29-May-24 14:25 )
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( Results - Analysis 03-Feb-22 01:18 )
Shivalik Bimetal Controls fixes record date for interim dividend
( Market Beat - Reports 25-Jan-22 18:13 )
Shivalik Bimetal Controls standalone net profit rises 318.03% in the September 2016 quarter
( Results - Announcements 08-Nov-16 18:27 )
Shivalik Bimetal Controls to hold board meeting
( Corporate News - 07-Aug-14 10:25 )
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