Results 16-Feb-23
Analysis
Sreeleathers
Sales up 15%, net up 1%
Standalone net sales (including other operating income) of Sreeleathers for the quarter ended Dec 2022 has increased 15.05% to Rs 47.33 crore. Operating profit margin has declined from 21.24% to 18.91%, leading to 2.40% rise in operating profit to Rs 8.95 crore. Purchase of finished goods cost fell from 73.00% to 72.91%. Employee cost increased from 2.22% to 3.50%. Other expenses fell from 4.20% to 3.65%. Other income fell 25% to Rs 0.12 crore. PBIDT rose 1.91% to Rs 9.07 crore. Provision for interest up 22.22% to Rs 0.11 crore. PBDT rose 1.70% to Rs 8.96 crore. Provision for depreciation rose 38.46% to Rs 0.36 crore. Profit before tax grew 0.58% to Rs 8.60 crore. Provision for tax was expense of Rs 2.19 crore, compared to Rs 2.2 crore. Effective tax rate was 25.47% compared to 25.73%. Profit after tax rose 0.94% to Rs 6.41 crore.
Nine month performance
Net sales (including other operating income) of Sreeleathers has increased 74.56% to Rs 151.36 crore. Operating profit margin has declined from 20.72% to 17.32%, leading to 45.91% rise in operating profit to Rs 26.22 crore. Purchase of finished goods cost rose from 71.90% to 75.00%. Employee cost decreased from 3.08% to 2.95%. Other expenses rose from 4.49% to 4.69%. Other income up 7.32% to Rs 0.44 crore. PBIDT rose 45.05% to Rs 26.66 crore. Provision for interest up 26.92% to Rs 0.33 crore. PBDT rose 45.31% to Rs 26.33 crore. Provision for depreciation rose 17.95% to Rs 0.92 crore. Profit before tax grew 46.54% to Rs 25.41 crore. Provision for tax was expense of Rs 6.52 crore, compared to Rs 4.49 crore. Effective tax rate was 25.66% compared to 25.89%. Profit after tax rose 47% to Rs 18.89 crore.
Sreeleathers : Standalone Results
Quarter ended
Year to Date
Year ended
Particulars
202212
202112
Var.(%)
202212
202112
Var.(%)
202203
202103
Var.(%)
Net Sales (including other operating income)
47.33
41.14
15.05
151.36
86.71
74.56
121.86
83.37
46.17
OPM (%)
18.91
21.24
-233 bps
17.32
20.72
-340 bps
19.31
19.50
-19 bps
OP
8.95
8.74
2.40
26.22
17.97
45.91
23.53
16.26
44.71
Other Inc.
0.12
0.16
-25.00
0.44
0.41
7.32
0.59
0.44
34.09
PBIDT
9.07
8.90
1.91
26.66
18.38
45.05
24.12
16.70
44.43
Interest
0.11
0.09
22.22
0.33
0.26
26.92
0.44
0.32
37.50
PBDT
8.96
8.81
1.70
26.33
18.12
45.31
23.68
16.38
44.57
Depreciation
0.36
0.26
38.46
0.92
0.78
17.95
1.14
1.24
-8.06
PBT
8.60
8.55
0.58
25.41
17.34
46.54
22.54
15.14
48.88
PBT before EO
8.6
8.55
0.58
25.41
17.34
46.54
22.54
15.14
48.88
EO Income
0
0
-
0
0
-
0
0
-
PBT after EO
8.6
8.55
0.58
25.41
17.34
46.54
22.54
15.14
48.88
Taxation
2.19
2.2
-0.45
6.52
4.49
45.21
6.01
3.99
50.63
PAT
6.41
6.35
0.94
18.89
12.85
47.00
16.53
11.15
48.25
P/(L) from discontinued operations net of tax
0
0
-
0
0
-
0
0
-
Net profit after discontinued operations
6.41
6.35
0.94
18.89
12.85
47.00
16.53
11.15
48.25
EPS (Rs)*
2.77
2.74
0.94
8.16
5.55
47.00
7.14
4.82
48.25
* EPS is on current equity of Rs 23.16 crore, Face value of Rs 10, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database
Previous News
Sreeleathers to conduct board meeting
( Corporate News - 21-Jun-24 09:49 )
Sreeleathers to hold board meeting
( Corporate News - 12-Feb-15 10:37 )
Sreeleathers standalone net profit rises 47.10% in the March 2017 quarter
( Results - Announcements 06-Jun-17 16:00 )
Sreeleathers to conduct board meeting
( Corporate News - 26-May-22 15:41 )
Sreeleathers
( Results - Analysis 14-Nov-23 23:32 )
Sreeleathers schedules board meeting
( Corporate News - 23-May-18 17:07 )
Sreeleathers to conduct board meeting
( Corporate News - 08-Feb-23 14:02 )
Sreeleathers standalone net profit declines 17.88% in the June 2016 quarter
( Results - Announcements 14-Aug-16 10:25 )
Sreeleathers standalone net profit declines 20.17% in the March 2022 quarter
( Results - Announcements 31-May-22 13:00 )
Sreeleathers to discuss results
( Corporate News - 10-Aug-18 14:26 )
Sreeleathers standalone net profit rises 79.76% in the June 2015 quarter
( Results - Announcements 15-Aug-15 11:39 )
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