For
the quarter ending sept 2022, consolidated Net sales (including other operating income) of Banco Products (India) has increased 14.40% to Rs 627.92 crore compared to quarter ended sept 2021. Operating profit margin has declined from 14.70% to 9.42%, leading to 26.70% decline in operating profit to Rs 59.14 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 57.10% to 64.14%. Employee cost decreased from 9.84% to 8.54%. Other expenses rose from 16.96% to 18.25%. Other income rose 2,260.47% to Rs 10.15 crore. PBIDT fell 14.57% to Rs 69.29 crore. Provision for interest rose 2.46% to Rs 1.25 crore. Loan funds rose to Rs 358.66 crore as of 30 September 2022 from Rs 6.39 crore as of 30 September 2021. Inventories rose to Rs 890.43 crore as of 30 September 2022 from Rs 561.75 crore as of 30 September 2021. Sundry debtors were higher at Rs 453.22 crore as of 30 September 2022 compared to Rs 339.64 crore as of 30 September 2021. Cash and bank balance rose to Rs 151.46 crore as of 30 September 2022 from Rs 52.08 crore as of 30 September 2021. Investments declined from Rs 0.81 crore as of 30 September 2021 to Rs 0.49 crore as of 30 September 2022.
PBDT fell 14.83% to Rs 68.04 crore. Provision for depreciation rose 44.94% to Rs 11.74 crore. Fixed assets increased to Rs 306.93 crore as of 30 September 2022 from Rs 186.14 crore as of 30 September 2021. Intangible assets declined from Rs 10.74 crore to Rs 8.56 crore.
Profit before tax down 21.58% to Rs 56.30 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 4.57 crore, compared to Rs 22.56 crore. Effective tax rate was 8.12% compared to 31.42%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 5.08% to Rs 51.73 crore. Equity capital stood at Rs 14.30 crore as of 30 September 2022 to Rs 14.30 crore as of 30 September 2021. Per share face Value remained same at Rs 2.00.
Promoters’ stake was 67.88% as of 30 September 2022 ,compared to 67.88% as of 30 September 2021 .
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Banco Products (India) has increased 15.60% to Rs 1213.44 crore.
Operating profit margin has declined from 14.52% to 10.36%, leading to 17.50% decline in operating profit to Rs 125.75 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 58.38% to 67.17%. Employee cost decreased from 9.66% to 7.88%. Other expenses fell from 16.57% to 15.70%. Other income rose 36.96% to Rs 11.45 crore. PBIDT fell 14.67% to Rs 137.2 crore. Provision for interest rose 56.28% to Rs 2.86 crore. Loan funds rose to Rs 358.66 crore as of 30 September 2022 from Rs 6.39 crore as of 30 September 2021. Inventories rose to Rs 890.43 crore as of 30 September 2022 from Rs 561.75 crore as of 30 September 2021. Sundry debtors were higher at Rs 453.22 crore as of 30 September 2022 compared to Rs 339.64 crore as of 30 September 2021. Cash and bank balance rose to Rs 151.46 crore as of 30 September 2022 from Rs 52.08 crore as of 30 September 2021. Investments declined from Rs 0.81 crore as of 30 September 2021 to Rs 0.49 crore as of 30 September 2022.
PBDT fell 15.48% to Rs 134.34 crore. Provision for depreciation rose 46.59% to Rs 23.41 crore. Fixed assets increased to Rs 306.93 crore as of 30 September 2022 from Rs 186.14 crore as of 30 September 2021. Intangible assets declined from Rs 10.74 crore to Rs 8.56 crore.
Profit before tax down 22.42% to Rs 110.93 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 24.61 crore, compared to Rs 47.85 crore. Effective tax rate was 22.19% compared to 33.47%.Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 9.26% to Rs 86.32 crore.
Equity capital stood at Rs 14.30 crore as of 30 September 2022 to Rs 14.30 crore as of 30 September 2021. Per share face Value remained same at Rs 2.00.
Promoters’ stake was 67.88% as of 30 September 2022 ,compared to 67.88% as of 30 September 2021 .
Full year results analysis.
Net sales (including other operating income) of Banco Products (India) has increased 27.75% to Rs 1957.85 crore. Operating profit margin has jumped from 11.62% to 13.88%, leading to 52.57% rise in operating profit to Rs 271.74 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 58.88% to 62.26%. Employee cost decreased from 11.67% to 9.38%. Other expenses fell from 18.24% to 15.36%. Other income fell 42.97% to Rs 5.15 crore. PBIDT rose 47.96% to Rs 276.89 crore. Provision for interest rose 45.30% to Rs 5.26 crore. Loan funds rose to Rs 115.21 crore as of 31 March 2022 from Rs 14.23 crore as of 31 March 2021. Inventories rose to Rs 720.49 crore as of 31 March 2022 from Rs 563.91 crore as of 31 March 2021. Sundry debtors were higher at Rs 324.25 crore as of 31 March 2022 compared to Rs 270.29 crore as of 31 March 2021. Cash and bank balance declined from Rs 122.62 crore as of 31 March 2021 to Rs 81.56 crore as of 31 March 2022. Investments declined from Rs 0.81 crore as of 31 March 2021 to Rs 0.51 crore as of 31 March 2022.
PBDT rose 48.01% to Rs 271.63 crore. Provision for depreciation rose 42.13% to Rs 47.87 crore. Fixed assets increased to Rs 301.39 crore as of 31 March 2022 from Rs 178.42 crore as of 31 March 2021. Intangible assets declined from Rs 12.39 crore to Rs 10.04 crore.
Profit before tax grew 49.33% to Rs 223.76 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 71.34 crore, compared to Rs 36.11 crore. Effective tax rate was 31.88% compared to 24.10%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 34.02% to Rs 152.42 crore.
Equity capital stood at Rs 14.30 crore as of 31 March 2022 to Rs 14.30 crore as of 31 March 2021. Per share face Value remained same at Rs 2.00.
Promoters’ stake was 67.88% as of 31 March 2022 ,compared to 67.88% as of 31 March 2021 .
Cash flow from operating activities decreased to Rs 57.24 crore for year ended March 2022 from Rs 156.80 crore for year ended March 2021. Cash flow used in acquiring fixed assets during the year ended March 2022 stood at Rs 75.00 crore, compared to Rs 32.02 crore during the year ended March 2021.
| Banco Products (India) : Consolidated Results |
| | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202209 | 202109 | Var.(%) | 202209 | 202109 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 627.92 | 548.89 | 14.40 | 1,213.44 | 1,049.73 | 15.60 | 1,957.85 | 1,532.58 | 27.75 | | OPM (%) | 9.42 | 14.70 | -528 bps | 10.36 | 14.52 | -416 bps | 13.88 | 11.62 | 226 bps | | OP | 59.14 | 80.68 | -26.70 | 125.75 | 152.42 | -17.50 | 271.74 | 178.11 | 52.57 | | Other Inc. | 10.15 | 0.43 | 2,260.47 | 11.45 | 8.36 | 36.96 | 5.15 | 9.03 | -42.97 | | PBIDT | 69.29 | 81.11 | -14.57 | 137.20 | 160.78 | -14.67 | 276.89 | 187.14 | 47.96 | | Interest | 1.25 | 1.22 | 2.46 | 2.86 | 1.83 | 56.28 | 5.26 | 3.62 | 45.30 | | PBDT | 68.04 | 79.89 | -14.83 | 134.34 | 158.95 | -15.48 | 271.63 | 183.52 | 48.01 | | Depreciation | 11.74 | 8.1 | 44.94 | 23.41 | 15.97 | 46.59 | 47.87 | 33.68 | 42.13 | | PBT | 56.30 | 71.79 | -21.58 | 110.93 | 142.98 | -22.42 | 223.76 | 149.84 | 49.33 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 56.3 | 71.79 | -21.58 | 110.93 | 142.98 | -22.42 | 223.76 | 149.84 | 49.33 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 56.3 | 71.79 | -21.58 | 110.93 | 142.98 | -22.42 | 223.76 | 149.84 | 49.33 | | Taxation | 4.57 | 22.56 | -79.74 | 24.61 | 47.85 | -48.57 | 71.34 | 36.11 | 97.56 | | PAT | 51.73 | 49.23 | 5.08 | 86.32 | 95.13 | -9.26 | 152.42 | 113.73 | 34.02 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 51.73 | 49.23 | 5.08 | 86.32 | 95.13 | -9.26 | 152.42 | 113.73 | 34.02 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 51.73 | 49.23 | 5.08 | 86.32 | 95.13 | -9.26 | 152.42 | 113.73 | 34.02 | | EPS (Rs)* | 7.23 | 6.88 | 5.08 | 12.07 | 13.30 | -9.26 | 21.31 | 15.90 | 34.02 | | | * EPS is on current equity of Rs 14.30 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 |
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