For
the quarter ending Sept 2023, consolidated Net sales (including other operating income) of NDR Auto Components has increased 68.11% to Rs 157.62 crore compared to quarter ended Sept 2022. Operating profit margin has jumped from 9.47% to 9.74%, leading to 72.86% rise in operating profit to Rs 15.35 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 72.96% to 77.27%. Employee cost decreased from 3.32% to 2.60%. Other expenses fell from 14.24% to 10.41%. Other income up 59.13% to Rs 1.83 crore. PBIDT rose 71.29% to Rs 17.18 crore. Provision for interest up 56.82% to Rs 0.69 crore. Loan funds declined from Rs 34.89 crore as of 30 September 2022 to Rs 32.48 crore as of 30 September 2023. Inventories declined from Rs 40.51 crore as of 30 September 2022 to Rs 34.67 crore as of 30 September 2023. Sundry debtors were higher at Rs 62.89 crore as of 30 September 2023 compared to Rs 32.67 crore as of 30 September 2022. Cash and bank balance declined from Rs 53.24 crore as of 30 September 2022 to Rs 17.47 crore as of 30 September 2023. Investments rose to Rs 2.71 crore as of 30 September 2023 from Rs 1.65 crore as of 30 September 2022 .
PBDT rose 71.95% to Rs 16.49 crore. Provision for depreciation rose 197.52% to Rs 3.6 crore. Fixed assets increased to Rs 153.68 crore as of 30 September 2023 from Rs 110.48 crore as of 30 September 2022. Intangible assets increased from Rs 0.12 crore to Rs 0.16 crore.
Profit before tax grew 53.82% to Rs 12.89 crore. Provision for tax was expense of Rs 2.99 crore, compared to Rs 2.25 crore. Effective tax rate was 23.20% compared to 26.85%.
Profit after tax rose 61.50% to Rs 9.90 crore.
Equity capital increased from Rs 5.95 crore as of 30 September 2022 to Rs 11.89 crore as of 30 September 2023. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 73.06% as of 30 September 2023 ,compared to 73.95% as of 30 September 2022 .
For year-to-date (YTD) results analysis
Net sales (including other operating income) of NDR Auto Components has increased 81.92% to Rs 285.25 crore.
Operating profit margin has jumped from 8.57% to 9.41%, leading to 99.78% rise in operating profit to Rs 26.85 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 73.86% to 76.97%. Employee cost decreased from 3.38% to 2.85%. Other expenses fell from 14.22% to 10.76%. Other income up 11.40% to Rs 3.42 crore. PBIDT rose 83.34% to Rs 30.27 crore. Provision for interest up 94.37% to Rs 1.38 crore. Loan funds declined from Rs 34.89 crore as of 30 September 2022 to Rs 32.48 crore as of 30 September 2023. Inventories declined from Rs 40.51 crore as of 30 September 2022 to Rs 34.67 crore as of 30 September 2023. Sundry debtors were higher at Rs 62.89 crore as of 30 September 2023 compared to Rs 32.67 crore as of 30 September 2022. Cash and bank balance declined from Rs 53.24 crore as of 30 September 2022 to Rs 17.47 crore as of 30 September 2023. Investments rose to Rs 2.71 crore as of 30 September 2023 from Rs 1.65 crore as of 30 September 2022 .
PBDT rose 82.85% to Rs 28.89 crore. Provision for depreciation rose 132.46% to Rs 7.09 crore. Fixed assets increased to Rs 153.68 crore as of 30 September 2023 from Rs 110.48 crore as of 30 September 2022. Intangible assets increased from Rs 0.12 crore to Rs 0.16 crore. Profit before tax grew 70.98% to Rs 21.80 crore. Provision for tax was expense of Rs 5.2 crore, compared to Rs 3.15 crore. Effective tax rate was 23.85% compared to 24.71%.Profit after tax rose 72.92% to Rs 16.60 crore. Equity capital increased from Rs 5.95 crore as of 30 September 2022 to Rs 11.89 crore as of 30 September 2023. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 73.06% as of 30 September 2023 ,compared to 73.95% as of 30 September 2022 .
Full year results analysis
Net sales (including other operating income) of NDR Auto Components has increased 68.90% to Rs 392.78 crore. Operating profit margin has jumped from 5.99% to 8.08%, leading to 127.69% rise in operating profit to Rs 31.74 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 76.06% to 75.65%. Employee cost decreased from 3.92% to 3.14%. Other expenses fell from 14.03% to 13.15%. Other income fell 13.18% to Rs 7.18 crore. PBIDT rose 75.24% to Rs 38.92 crore. Provision for interest up 145.21% to Rs 1.79 crore. Loan funds rose to Rs 33.72 crore as of 31 March 2023 from Rs 12.97 crore as of 31 March 2022. Inventories rose to Rs 39.34 crore as of 31 March 2023 from Rs 21.26 crore as of 31 March 2022. Sundry debtors were higher at Rs 31.10 crore as of 31 March 2023 compared to Rs 30.46 crore as of 31 March 2022. Cash and bank balance rose to Rs 51.53 crore as of 31 March 2023 from Rs 51.45 crore as of 31 March 2022. Investments rose to Rs 2.55 crore as of 31 March 2023 from Rs 1.65 crore as of 31 March 2022 .
PBDT rose 72.86% to Rs 37.13 crore. Provision for depreciation rose 18.42% to Rs 8.68 crore. Fixed assets increased to Rs 146.66 crore as of 31 March 2023 from Rs 79.18 crore as of 31 March 2022. Intangible assets increased from Rs 0.15 crore to Rs 0.22 crore.
Profit before tax grew 101.06% to Rs 28.45 crore. Provision for tax was expense of Rs 7.09 crore, compared to Rs 3.35 crore. Effective tax rate was 24.92% compared to 23.67%.
Profit after tax rose 97.78% to Rs 21.36 crore.
Equity capital increased from Rs 5.95 crore as of 30 September 2022 to Rs 11.89 crore as of 30 September 2023. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 73.95% as of 31 March 2023 ,compared to 73.95% as of 31 March 2022 .
Cash flow from operating activities increased to Rs 48.18 crore for year ended March 2023 from Rs 0.55 crore for year ended March 2022. Cash flow used in acquiring fixed assets during the year ended March 2023 stood at Rs 46.42 crore, compared to Rs 29.25 crore during the year ended March 2022.
Other Highlights
Company approved
capital expenditure of approx. Rs 20.64 crore towards new programmes of Maruti
Suzuki India.