For the
quarter ending March 2022, standalone net sales (including other operating income) of Sundaram Clayton has increased 22.67% to Rs 497.30 crore compared to quarter ended March 2021.
Operating profit margin has declined from 15.08% to 14.36%, leading to 16.76% rise in operating profit to Rs 71.40 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 51.30% to 52.15%. Employee cost decreased from 12.12% to 9.21%. Other expenses rose from 22.09% to 24.43%. Other income fell 5.73% to Rs 92.69 crore. PBIDT rose 2.90% to Rs 164.09 crore. Provision for interest up 15.38% to Rs 12.08 crore. Loan funds rose to Rs 765.34 crore as of 31 March 2022 from Rs 674.12 crore as of 31 March 2021. Inventories rose to Rs 371.35 crore as of 31 March 2022 from Rs 301.07 crore as of 31 March 2021. Sundry debtors were higher at Rs 288.30 crore as of 31 March 2022 compared to Rs 228.96 crore as of 31 March 2021. Cash and bank balance rose to Rs 2,398.44 crore as of 31 March 2022 from Rs 48.85 crore as of 31 March 2021. Investments rose to Rs 404.32 crore as of 31 March 2022 from Rs 385.61 crore as of 31 March 2021 . PBDT rose 2.02% to Rs 152.01 crore. Provision for depreciation rose 45.05% to Rs 27.56 crore. Fixed assets declined from Rs 724.61 crore as of 31 March 2021 to Rs 679.47 crore as of 31 March 2022. Intangible assets increased from Rs 0.35 crore to Rs 0.62 crore. Profit before tax down 4.27% to Rs 124.45 crore. EO income increased from negative Rs 2.23 crore to Rs 611.44 crore. Provision for tax was expense of Rs 13.65 crore, compared to Rs 44.92 crore. Effective tax rate was 1.85% compared to 35.16%. Profit after tax rose 771.74% to Rs 722.24 crore. Equity capital stood at Rs 10.12 crore as of 31 March 2022 to Rs 10.12 crore as of 31 March 2021. Per share face Value remained same at Rs 5.00. Promoters’ stake was 74.46% as of 31 March 2022 ,compared to 75.00% as of 31 March 2021 . Promoters pledged stake was 86.92% as of 31 March 2022
Full year results analysis
Net sales (including other operating income) of Sundaram Clayton has increased 48.12% to Rs 1,743.27 crore. Operating profit margin has jumped from 12.78% to 13.25%, leading to 53.51% rise in operating profit to Rs 230.95 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 47.80% to 51.79%. Employee cost decreased from 15.81% to 11.33%. Other expenses rose from 23.84% to 24.19%. Other income fell 15.81% to Rs 93.59 crore. PBIDT rose 24.05% to Rs 324.54 crore. Provision for interest fell 5.69% to Rs 44.91 crore. Loan funds rose to Rs 765.34 crore as of 31 March 2022 from Rs 674.12 crore as of 31 March 2021. Inventories rose to Rs 371.35 crore as of 31 March 2022 from Rs 301.07 crore as of 31 March 2021. Sundry debtors were higher at Rs 288.30 crore as of 31 March 2022 compared to Rs 228.96 crore as of 31 March 2021. Cash and bank balance rose to Rs 2,398.44 crore as of 31 March 2022 from Rs 48.85 crore as of 31 March 2021. Investments rose to Rs 404.32 crore as of 31 March 2022 from Rs 385.61 crore as of 31 March 2021 . PBDT rose 30.67% to Rs 279.63 crore. Provision for depreciation rose 30.60% to Rs 101.74 crore. Fixed assets declined from Rs 724.61 crore as of 31 March 2021 to Rs 679.47 crore as of 31 March 2022. Intangible assets increased from Rs 0.35 crore to Rs 0.62 crore. Profit before tax grew 30.71% to Rs 177.89 crore. EO income increased from negative Rs 13 crore to Rs 2122.6 crore. Provision for tax was expense of Rs 23.8 crore, compared to Rs 47.26 crore. Effective tax rate was 1.03% compared to 38.39%. Profit after tax rose 2,901.96% to Rs 2,276.69 crore. Equity capital stood at Rs 10.12 crore as of 31 March 2022 to Rs 10.12 crore as of 31 March 2021. Per share face Value remained same at Rs 5.00. Promoters’ stake was 74.46% as of 31 March 2022 ,compared to 75.00% as of 31 March 2021 . Promoters pledged stake was 86.92% as of 31 March 2022
| Sundaram Clayton : Standalone Results | | Quarter ended | Year ended |
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| Particulars | 202203 | 202103 | Var.(%) | 202203 | 202103 | Var.(%) |
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| Net Sales (including other operating income) | 497.30 | 405.39 | 22.67 | 1,743.27 | 1,176.91 | 48.12 | | OPM (%) | 14.36 | 15.08 | -73 bps | 13.25 | 12.78 | 46 bps | | OP | 71.40 | 61.15 | 16.76 | 230.95 | 150.45 | 53.51 | | Other Inc. | 92.69 | 98.32 | -5.73 | 93.59 | 111.17 | -15.81 | | PBIDT | 164.09 | 159.47 | 2.90 | 324.54 | 261.62 | 24.05 | | Interest | 12.08 | 10.47 | 15.38 | 44.91 | 47.62 | -5.69 | | PBDT | 152.01 | 149.00 | 2.02 | 279.63 | 214.00 | 30.67 | | Depreciation | 27.56 | 19 | 45.05 | 101.74 | 77.9 | 30.60 | | PBT | 124.45 | 130.00 | -4.27 | 177.89 | 136.1 | 30.71 | | PBT before EO | 124.45 | 130 | -4.27 | 177.89 | 136.1 | 30.71 | | EO Income | 611.44 | -2.23 | LP | 2122.6 | -13 | LP | | PBT after EO | 735.89 | 127.77 | 475.95 | 2300.49 | 123.1 | 1,768.80 | | Taxation | 13.65 | 44.92 | -69.61 | 23.8 | 47.26 | -49.64 | | PAT | 722.24 | 82.85 | 771.74 | 2276.69 | 75.84 | 2,901.96 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 722.24 | 82.85 | 771.74 | 2276.69 | 75.84 | 2,901.96 | | EPS (Rs)* | 60.37 | 41.67 | 44.89 | 87.02 | 41.44 | 109.96 | | | * EPS is on current equity of Rs 10.12 crore, Face value of Rs 5, 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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