Consolidated net sales (including other operating income) of Hindustan Aeronautics for the quarter ended Dec 2021 has increased 8.60% to Rs 5891.9 crore. Operating profit margin has jumped from 22.28% to 24.21%, leading to 18.02% rise in operating profit to Rs 1,426.57 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 39.91% to 39.27%. Purchase of finished goods cost fell from 6.63% to 2.35%. Employee cost increased from 21.15% to 21.38%. Other expenses rose from 8.28% to 8.48%. Other direct service cost rose from 0.62% to 2.61%. Provisions writeoffs cost rose from 5.67% to 7.21%. Other provisions rose from 5.67% to 7.21%. Preoperation capitalised expenses rose from 4.24% to 7.25%. Other income rose 115.01% to Rs 196.76 crore. PBIDT rose 24.85% to Rs 1623.33 crore. Provision for interest fell 98.57% to Rs 0.76 crore. PBDT rose 30.11% to Rs 1622.57 crore. Provision for depreciation rose 108.53% to Rs 373.48 crore. Profit before tax grew 16.96% to Rs 1,249.09 crore. Provision for tax was expense of Rs 313.81 crore, compared to Rs 215.41 crore. Effective tax rate was 25.16% compared to 20.15%. Minority interest decreased 100% to Rs -0.02 crore. Net profit attributable to owners of the company increased 9.37% to Rs 933.40 crore. Nine month performance Net sales (including other operating income) of Hindustan Aeronautics has increased 8.68% to Rs 13058.89 crore. Operating profit margin has jumped from 21.83% to 22.27%, leading to 10.91% rise in operating profit to Rs 2,908.73 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 40.60% to 39.08%. Purchase of finished goods cost fell from 3.66% to 2.81%. Employee cost decreased from 25.66% to 24.18%. Other expenses rose from 9.34% to 11.96%. Other direct service cost rose from 1.01% to 1.61%. Provisions writeoffs cost rose from 5.83% to 8.54%. Other provisions rose from 5.83% to 8.54%. Preoperation capitalised expenses rose from 4.11% to 4.58%. Other income rose 113.59% to Rs 484.27 crore. PBIDT rose 19.08% to Rs 3393 crore. Provision for interest fell 92.98% to Rs 16.09 crore. PBDT rose 28.88% to Rs 3376.91 crore. Provision for depreciation rose 42.70% to Rs 728.03 crore. Profit before tax grew 25.54% to Rs 2,648.88 crore. Provision for tax was expense of Rs 672.76 crore, compared to Rs 492.81 crore. Effective tax rate was 25.41% compared to 23.35%. Minority interest decreased 16.67% to Rs -0.07 crore. Net profit attributable to owners of the company increased 22.10% to Rs 1,974.87 crore.
| Hindustan Aeronautics : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202112 | 202012 | Var.(%) | 202112 | 202012 | Var.(%) | 202103 | 202003 | Var.(%) |
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| Net Sales (including other operating income) | 5,891.90 | 5,425.46 | 8.60 | 13,058.89 | 12,015.80 | 8.68 | 22,754.54 | 21,447.82 | 6.09 | | OPM (%) | 24.21 | 22.28 | 193 bps | 22.27 | 21.83 | 45 bps | 23.51 | 22.87 | 64 bps | | OP | 1,426.57 | 1,208.76 | 18.02 | 2,908.73 | 2,622.70 | 10.91 | 5,349.38 | 4,905.77 | 9.04 | | Other Inc. | 196.76 | 91.51 | 115.01 | 484.27 | 226.73 | 113.59 | 358.23 | 293.91 | 21.88 | | PBIDT | 1,623.33 | 1,300.27 | 24.85 | 3,393.00 | 2,849.43 | 19.08 | 5,707.61 | 5,199.68 | 9.77 | | Interest | 0.76 | 53.22 | -98.57 | 16.09 | 229.32 | -92.98 | 259.17 | 348.46 | -25.62 | | PBDT | 1,622.57 | 1,247.05 | 30.11 | 3,376.91 | 2,620.11 | 28.88 | 5,448.44 | 4,851.22 | 12.31 | | Depreciation | 373.48 | 179.1 | 108.53 | 728.03 | 510.17 | 42.70 | 1178.28 | 998.52 | 18.00 | | PBT | 1,249.09 | 1,067.95 | 16.96 | 2648.88 | 2109.94 | 25.54 | 4270.16 | 3852.7 | 10.84 | | Share of Profit/(Loss) from Associates | -1.9 | 0.92 | PL | -1.32 | 0.17 | PL | 4.81 | 7.02 | -31.48 | | PBT before EO | 1247.19 | 1068.87 | 16.68 | 2647.56 | 2110.11 | 25.47 | 4274.97 | 3859.72 | 10.76 | | EO Income | 0 | 0 | - | 0 | 0 | - | 2.02 | 118.92 | -98.30 | | PBT after EO | 1247.19 | 1068.87 | 16.68 | 2647.56 | 2110.11 | 25.47 | 4276.99 | 3978.64 | 7.50 | | Taxation | 313.81 | 215.41 | 45.68 | 672.76 | 492.81 | 36.52 | 1037.93 | 1095.99 | -5.30 | | PAT | 933.38 | 853.46 | 9.36 | 1974.8 | 1617.3 | 22.10 | 3239.06 | 2882.65 | 12.36 | | Minority Interest (MI) | -0.02 | -0.01 | -100.00 | -0.07 | -0.06 | -16.67 | -0.4 | -0.17 | -135.29 | | Net profit | 933.4 | 853.47 | 9.37 | 1974.87 | 1617.36 | 22.10 | 3239.46 | 2882.82 | 12.37 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 933.4 | 853.47 | 9.37 | 1974.87 | 1617.36 | 22.10 | 3239.46 | 2882.82 | 12.37 | | EPS (Rs)* | 27.91 | 25.52 | 9.37 | 59.06 | 48.37 | 22.10 | 96.83 | 83.64 | 15.78 | | | * EPS is on current equity of Rs 334.39 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 |
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