|
Vesuvius India
standalone net sales increased 31.85% to Rs 352.82 crore. Operating profit margin has jumped from
10.35% to 14.16%, leading to 80.40% rise in operating profit to Rs 49.97 crore. Raw material cost as a % of total sales (net
of stock adjustments) decreased from 38.62% to 36.05%. Employee cost decreased from 6.91% to
6.90%. Other expenses fell from 22.18%
to 19.99%.
Other income up
12.75% to Rs 6.1 crore. PBIDT rose
69.34% to Rs 56.07 crore. Provision for
interest remained nil.
PBDT rose 69.34% to
Rs 56.07 crore. Provision for
depreciation rose 7.41% to Rs 7.54 crore.
Profit before tax
grew 86.01% to Rs 48.53 crore. Provision
for tax was expense of Rs 12.44 crore, compared to Rs 6.69 crore. Effective tax rate was 25.63% compared to
25.64%.
Profit after tax rose
86.03% to Rs 36.09 crore.
Promoters’ stake was 55.57%
as of 30 September 2022 compared to 55.57% as of 30 September 2021 .
For year-to-date (YTD) results analysis
Net sales of Vesuvius
India have increased 26.13% to Rs 994.21 crore.
Operating profit margin has jumped from 10.03% to 12.51%, leading to
57.24% rise in operating profit to Rs 124.33 crore. Raw material cost as a % of total sales (net
of stock adjustments) decreased from 40.20% to 37.55%. Purchase of finished goods cost rose from
20.82% to 22.54%. Employee cost
decreased from 7.13% to 6.51%. Other
expenses fell from 22.02% to 20.98%.
Other income up
12.28% to Rs 16.28 crore. PBIDT rose
50.27% to Rs 140.61 crore. Provision for
interest remained nil.
PBDT rose 50.27% to
Rs 140.61 crore. Provision for
depreciation rose 6.68% to Rs 21.07 crore.
Profit before tax
grew 61.93% to Rs 119.54 crore.
Provision for tax was expense of Rs 30.39 crore, compared to Rs 18.91
crore. Effective tax rate was 25.42%
compared to 25.62%.
Profit after tax rose
62.36% to Rs 89.15 crore.
Promoters’ stake was 55.57%
as of 30 September 2022 compared to 55.57% as of 30 September 2021.
The scrip is
currently trading at Rs 1515
|
Vesuvius India: Result
|
|
|
2209 (03)
|
2109 (03)
|
Var.(%)
|
2209 (09)
|
2109 (09)
|
Var.(%)
|
2112 (12)
|
2012 (12)
|
Var(%)
|
|
Net Sales
|
352.82
|
267.59
|
32
|
994.21
|
788.23
|
26
|
1047.16
|
791.51
|
32
|
|
OPM(%)
|
14.2
|
10.4
|
|
12.5
|
10.0
|
|
9.5
|
9.7
|
|
|
OP
|
49.97
|
27.70
|
80
|
124.33
|
79.07
|
57
|
99.24
|
76.81
|
29
|
|
Other Income
|
6.10
|
5.41
|
13
|
16.28
|
14.50
|
12
|
19.66
|
20.98
|
-6
|
|
PBIDT
|
56.07
|
33.11
|
69
|
140.61
|
93.57
|
50
|
118.90
|
97.79
|
22
|
|
Interest
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
|
PBDT
|
56.07
|
33.11
|
69
|
140.61
|
93.57
|
50
|
118.90
|
97.79
|
22
|
|
Depreciation
|
7.54
|
7.02
|
7
|
21.07
|
19.75
|
7
|
27.34
|
26.24
|
4
|
|
PBT
|
48.53
|
26.09
|
86
|
119.54
|
73.82
|
62
|
91.56
|
71.55
|
28
|
|
EO
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
|
PBT after EO
|
48.53
|
26.09
|
86
|
119.54
|
73.82
|
62
|
91.56
|
71.55
|
28
|
|
Total Tax provision
|
12.44
|
6.69
|
86
|
30.39
|
18.91
|
61
|
23.51
|
18.50
|
27
|
|
PAT
|
36.09
|
19.40
|
86
|
89.15
|
54.91
|
62
|
68.05
|
53.05
|
28
|
|
EPS*
|
#
|
#
|
|
#
|
#
|
|
33.5
|
26.1
|
|
|
* Annualized On Current
Equity Of Rs 20.30 Crore of face value of Rs 10 each
|
|
# EPS not annualised due to
seasonality of the business
|
|
EO: Extraordinary Items
|
|
EPS Is Calculated After
Excluding EO And Relevant Tax
|
|
Figures In Rs Crore
|
|
Source: Capitaline Database
|
|