Sales of Coil spiring & Forging items segment has gone up 34% to Rs 76.93 crore (accounting for 100% of total sales).  Sales of Roofing Sheets segment remained nil(accounting for 0% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) rose 32.19% to Rs 4.94 crore.  PBIT of Coil spiring & Forging items segment rose 32.19% to Rs 4.94 crore (accounting for 100% of total PBIT).  PBIT of Roofing Sheets segment remained nil(accounting for 0% of total PBIT).  

PBIT margin of Coil spiring & Forging items segment fell from 22.22% to 21.92%.  PBIT margin of Roofing Sheets segment remained nil. Overall PBIT margin fell from 22.22% to 21.92%.  

Operating profit margin has jumped from 17.50% to 18.07%, leading to 38.44% rise in operating profit to Rs 4.07 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 32.62% to 44.04%.   Employee cost decreased from 4.86% to 3.39%.   Other expenses fell from 42.88% to 35.31%.   

Other income up 147.37% to Rs 0.47 crore.  PBIDT rose 45.05% to Rs 4.54 crore.  Provision for interest fell 37.50% to Rs 0.1 crore.  Loan funds remained nil.  

PBDT rose 49.49% to Rs 4.44 crore.  Provision for depreciation rose 3.23% to Rs 0.64 crore.  

Profit before tax grew 61.70% to Rs 3.80 crore.  Provision for tax was expense of Rs 1.07 crore, compared to Rs 0.79 crore.  Effective tax rate was 28.16% compared to 33.62%.

Profit after tax rose 75% to Rs 2.73 crore.  

Promoters' stake was 51.76% as of 30 June 2021 ,compared to 51.76% as of 30 June 2020 .  

Full year results analysis

Net sales (including other operating income) of Frontier Springs has declined 22.94% to Rs 76.96 crore.  Sales of Coil spiring & Forging items segment has gone down 22.92% to Rs 76.93 crore (accounting for 99.96% of total sales).  Sales of Roofing Sheets segment has gone down 49.67% to Rs 0.03 crore (accounting for 0.04% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has slumped 30.02% to Rs 16.02 crore.  PBIT of Coil spiring & Forging items segment fell 29.94% to Rs 16.04 crore (accounting for 100.13% of total PBIT).  PBIT of Roofing Sheets segment rose 1,200.00% to Rs -0.02 crore (accounting for -0.13% of total PBIT).  

PBIT margin of Coil spiring & Forging items segment fell from 22.94% to 20.85%.  PBIT margin of Roofing Sheets segment fell from negative 2.65% to negative 68.42%.  Overall PBIT margin fell from 22.92% to 20.82%.  

Operating profit margin has jumped from 19.82% to 16.54%, leading to 35.67% decline in operating profit to Rs 12.73 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 41.23% to 37.13%.   Employee cost increased from 2.91% to 4.45%.   Other expenses rose from 36.32% to 41.59%.   

Other income up 7.78% to Rs 0.97 crore.  PBIDT fell 33.78% to Rs 13.7 crore.  Provision for interest fell 35.53% to Rs 0.49 crore.  Loan funds declined from Rs 8.87 crore as of 31 March 2020 to Rs 3.70 crore as of 31 March 2021.  Inventories rose to Rs 17.24 crore as of 31 March 2021 from Rs 16.25 crore as of 31 March 2020.  Sundry debtors were higher at Rs 17.52 crore as of 31 March 2021 compared to Rs 15.75 crore as of 31 March 2020.  Cash and bank balance rose to Rs 2.96 crore as of 31 March 2021 from Rs 2.59 crore as of 31 March 2020.  Investments rose to Rs 8.17 crore as of 31 March 2021 from Rs 4.66 crore as of 31 March 2020 .  

PBDT fell 33.72% to Rs 13.21 crore.  Provision for depreciation rose 11.72% to Rs 2.67 crore.  Fixed assets declined from Rs 34.56 crore as of 31 March 2020 to Rs 34.33 crore as of 31 March 2021.  

Profit before tax down 39.91% to Rs 10.54 crore.  Provision for tax was expense of Rs 2.74 crore, compared to Rs 3.52 crore.  Effective tax rate was 26.00% compared to 20.07%.

Profit after tax fell 44.37% to Rs 7.80 crore.  

Promoters' stake was 51.76% as of 31 March 2021 ,compared to 51.76% as of 31 March 2020 .  

Cash flow from operating activities increased to Rs 11.00 crore for year ended March 2021 from Rs 10.05 crore for year ended March 2020.  Cash flow used in acquiring fixed assets during the year ended March 2021 stood at Rs 2.48 crore, compared to Rs 6.79 crore during the year ended March 2020.