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For the
quarter ending March 2022, standalone net sales (including other operating income) of Ruchi Soya Industries has increased 37.72% to Rs 6,663.72 crore compared to quarter ended march 2021. Sales of Seed Extraction segment fell 33.79% to Rs 631.64 crore (accounting for 8.89% of total sales). Sales of Others (Food Products etc.) segment has gone up 584.12% to Rs 491.77 crore (accounting for 6.92% of total sales). Sales of Wind Turbine Power Generation segment has gone up 1.21% to Rs 9.69 crore (accounting for 0.14% of total sales). Sales of Oils & Vanaspati segment has gone up 39.30% to Rs 5,969.73 crore (accounting for 84.05% of total sales). Inter-segment sales came down from Rs 482.35 crore to Rs 439.10 crore. Profit before interest, tax and other unallocable items (PBIT) has jumped 56.18% to Rs 351.91 crore. PBIT of Seed Extraction segment rose 24.17% to Rs 43.57 crore (accounting for 12.38% of total PBIT). PBIT of Others (Food Products etc.) segment rose 365.95% to Rs 55.61 crore (accounting for 15.80% of total PBIT). PBIT of Wind Turbine Power Generation segment rose 58.57% to Rs 0.45 crore (accounting for 0.13% of total PBIT). PBIT of Oils & Vanaspati segment rose 41.72% to Rs 252.29 crore (accounting for 71.69% of total PBIT). PBIT margin of Seed Extraction segment rose from 3.68% to 6.90%. PBIT margin of Others (Food Products etc.) segment fell from 16.60% to 11.31%. PBIT margin of Wind Turbine Power Generation segment rose from 2.95% to 4.63%. PBIT margin of Oils & Vanaspati segment rose from 4.15% to 4.23%. Overall PBIT margin rose from 4.23% to 4.95%. Operating profit margin has jumped from 5.16% to 6.09%, leading to 62.70% rise in operating profit to Rs 406.08 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 84.68% to 78.55%. Purchase of finished goods cost rose from 3.34% to 8.88%. Employee cost decreased from 0.75% to 0.72%. Other expenses fell from 6.24% to 5.98%. Other income fell 40.62% to Rs 12.47 crore. PBIDT rose 54.68% to Rs 418.55 crore. Provision for interest fell 4.56% to Rs 85.65 crore. Loan funds rose to Rs 3,696.06 crore as of 31 March 2022 from Rs 3,659.94 crore as of 31 March 2021. Inventories rose to Rs 2,905.33 crore as of 31 March 2022 from Rs 2,363.36 crore as of 31 March 2021. Sundry debtors were higher at Rs 796.22 crore as of 31 March 2022 compared to Rs 438.42 crore as of 31 March 2021. Cash and bank balance rose to Rs 2,016.29 crore as of 31 March 2022 from Rs 386.69 crore as of 31 March 2021. Investments rose to Rs 41.71 crore as of 31 March 2022 from Rs 30.39 crore as of 31 March 2021 . PBDT rose 84.08% to Rs 332.9 crore. Provision for depreciation rose 13.13% to Rs 37.21 crore. Fixed assets declined from Rs 3,465.42 crore as of 31 March 2021 to Rs 3,398.84 crore as of 31 March 2022. Intangible assets increased from Rs 1,515.86 crore to Rs 1,529.54 crore. Profit before tax grew 99.84% to Rs 295.69 crore. Provision for tax was debit of Rs 61.26 crore, compared to credit of Rs 166.37 crore. Effective tax rate was 20.72% compared to negative 112.44%. Profit after tax fell 25.42% to Rs 234.43 crore. Equity capital stood at Rs 59.15 crore as of 31 March 2022 to Rs 59.15 crore as of 31 March 2021. Per share face Value remained same at Rs 2.00. Promoters’ stake was 98.90% as of 31 March 2022 ,compared to 98.90% as of 31 March 2021 .
Full year results analysis
Net sales (including other operating income) of Ruchi Soya Industries has increased 48.33% to Rs 24,205.38 crore. Sales of Seed Extraction segment rose 7.24% to Rs 3,103.34 crore (accounting for 11.74% of total sales). Sales of Others (Food Products etc.) segment has gone up 209.04% to Rs 1,979.49 crore (accounting for 7.49% of total sales). Sales of Wind Turbine Power Generation segment has gone up 12.65% to Rs 53.50 crore (accounting for 0.20% of total sales). Sales of Oils & Vanaspati segment has gone up 45.47% to Rs 21,291.59 crore (accounting for 80.56% of total sales). Inter-segment sales rose Rs 1,899.68 crore to Rs 2,222.53 crore. Profit before interest, tax and other unallocable items (PBIT) has jumped 68.58% to Rs 1,432.72 crore. PBIT of Seed Extraction segment rose 83.87% to Rs 228.75 crore (accounting for 15.97% of total PBIT). PBIT of Others (Food Products etc.) segment rose 316.03% to Rs 202.59 crore (accounting for 14.14% of total PBIT). PBIT of Wind Turbine Power Generation segment rose 64.62% to Rs 17.48 crore (accounting for 1.22% of total PBIT). PBIT of Oils & Vanaspati segment rose 47.70% to Rs 983.89 crore (accounting for 68.67% of total PBIT). PBIT margin of Seed Extraction segment rose from 4.30% to 7.37%. PBIT margin of Others (Food Products etc.) segment rose from 7.60% to 10.23%. PBIT margin of Wind Turbine Power Generation segment rose from 22.37% to 32.68%. PBIT margin of Oils & Vanaspati segment rose from 4.55% to 4.62%. Overall PBIT margin rose from 4.67% to 5.42%. Operating profit margin has jumped from 5.85% to 6.14%, leading to 55.86% rise in operating profit to Rs 1,486.98 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 83.98% to 79.01%. Purchase of finished goods cost rose from 3.11% to 8.61%. Employee cost decreased from 0.84% to 0.76%. Other expenses fell from 6.35% to 5.56%. Other income up 22.80% to Rs 79.01 crore. PBIDT rose 53.77% to Rs 1565.99 crore. Provision for interest fell 4.27% to Rs 354.88 crore. Loan funds rose to Rs 3,696.06 crore as of 31 March 2022 from Rs 3,659.94 crore as of 31 March 2021. Inventories rose to Rs 2,905.33 crore as of 31 March 2022 from Rs 2,363.36 crore as of 31 March 2021. Sundry debtors were higher at Rs 796.22 crore as of 31 March 2022 compared to Rs 438.42 crore as of 31 March 2021. Cash and bank balance rose to Rs 2,016.29 crore as of 31 March 2022 from Rs 386.69 crore as of 31 March 2021. Investments rose to Rs 41.71 crore as of 31 March 2022 from Rs 30.39 crore as of 31 March 2021 . PBDT rose 87% to Rs 1211.11 crore. Provision for depreciation rose 2.61% to Rs 136.73 crore. Fixed assets declined from Rs 3,465.42 crore as of 31 March 2021 to Rs 3,398.84 crore as of 31 March 2022. Intangible assets increased from Rs 1,515.86 crore to Rs 1,529.54 crore. Profit before tax grew 108.86% to Rs 1,074.38 crore. Provision for tax was debit of Rs 268.07 crore, compared to credit of Rs 166.37 crore. Effective tax rate was 24.95% compared to negative 32.34%. Profit after tax rose 18.44% to Rs 806.31 crore. Equity capital stood at Rs 59.15 crore as of 31 March 2022 to Rs 59.15 crore as of 31 March 2021. Per share face Value remained same at Rs 2.00. Promoters’ stake was 98.90% as of 31 March 2022 ,compared to 98.90% as of 31 March 2021 . Cash flow from operating activities increased to Rs 724.21 crore for year ended March 2022 from Rs 240.88 crore for year ended March 2021. Cash flow used in acquiring fixed assets during the year ended March 2022 stood at Rs 40.43 crore, compared to Rs 21.34 crore during the year ended March 2021.
Other Highlights
Board
recommended a dividend of Rs 5 each per equity share of Rs 2 each for FY22.
Recently,
Patanjali Ayurved announced the sale of its food retail business to group firm
Ruchi Soya Industries for Rs 690 crore
as part of its strategy to focus on non-food, traditional medicine and wellness
business.
The
company is also engaged in renewable wind energy business out of which 19 per
cent is used for captive consumption.
| Ruchi Soya Industries : 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) | 6,663.72 | 4,838.51 | 37.72 | 24,205.38 | 16,318.63 | 48.33 | | OPM (%) | 6.09 | 5.16 | 94 bps | 6.14 | 5.85 | 30 bps | | OP | 406.08 | 249.59 | 62.70 | 1,486.98 | 954.03 | 55.86 | | Other Inc. | 12.47 | 21.00 | -40.62 | 79.01 | 64.34 | 22.80 | | PBIDT | 418.55 | 270.59 | 54.68 | 1,565.99 | 1,018.37 | 53.77 | | Interest | 85.65 | 89.74 | -4.56 | 354.88 | 370.72 | -4.27 | | PBDT | 332.90 | 180.85 | 84.08 | 1,211.11 | 647.65 | 87.00 | | Depreciation | 37.21 | 32.89 | 13.13 | 136.73 | 133.25 | 2.61 | | PBT | 295.69 | 147.96 | 99.84 | 1074.38 | 514.4 | 108.86 | | PBT before EO | 295.69 | 147.96 | 99.84 | 1074.38 | 514.4 | 108.86 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 295.69 | 147.96 | 99.84 | 1074.38 | 514.4 | 108.86 | | Taxation | 61.26 | -166.37 | PL | 268.07 | -166.37 | PL | | PAT | 234.43 | 314.33 | -25.42 | 806.31 | 680.77 | 18.44 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 234.43 | 314.33 | -25.42 | 806.31 | 680.77 | 18.44 | | EPS (Rs)* | 6.48 | 8.68 | -25.42 | 22.27 | 18.81 | 18.44 | | | * EPS is on current equity of Rs 72.40 crore, Face value of Rs 2, 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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| Ruchi Soya Industries : Standalone Segment Results | | | Quarter ended | Year ended |
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| % of (Total) | 202203 | 202103 | Var.(%) | % of (Total) | 202203 | 202103 | Var.(%) |
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| Sales | | Oils | 0.00 | 0.00 | 0.00 | - | | Vanaspati | 0.00 | 0.00 | 0.00 | - | | Seed Extraction | 8.89 | 631.64 | 953.93 | -33.79 | 11.74 | 3,103.34 | 2,893.86 | 7.24 | | Others (Food Products etc.) | 6.92 | 491.77 | 71.88 | 584.12 | 7.49 | 1,979.49 | 640.52 | 209.04 | | Wind Turbine Power Generation | 0.14 | 9.69 | 9.57 | 1.21 | 0.20 | 53.50 | 47.49 | 12.65 | | Oils & Vanaspati | 84.05 | 5,969.73 | 4,285.47 | 39.30 | 80.56 | 21,291.59 | 14,636.44 | 45.47 | | Total Reported Sales | 100.00 | 7,102.82 | 5,320.86 | 33.49 | 100.00 | 26,427.91 | 18,218.31 | 45.06 | | Less: Inter segment revenues | | 439.10 | 482.35 | -8.97 | | 2,222.53 | 1,899.68 | 17.00 | | Net Sales | 100.00 | 6,663.72 | 4,838.51 | 37.72 | 100.00 | 24,205.38 | 16,318.63 | 48.33 | | PBIT | | Oils | 0.00 | 0.00 | 0.00 | - | | Vanaspati | 0.00 | 0.00 | 0.00 | - | | Seed Extraction | 12.38 | 43.57 | 35.09 | 24.17 | 15.97 | 228.75 | 124.41 | 83.87 | | Others (Food Products etc.) | 15.80 | 55.61 | 11.93 | 365.95 | 14.14 | 202.59 | 48.70 | 316.03 | | Wind Turbine Power Generation | 0.13 | 0.45 | 0.28 | 58.57 | 1.22 | 17.48 | 10.62 | 64.62 | | Oils & Vanaspati | 71.69 | 252.29 | 178.02 | 41.72 | 68.67 | 983.89 | 666.16 | 47.70 | | Total PBIT | 100.00 | 351.91 | 225.32 | 56.18 | 100.00 | 1,432.72 | 849.89 | 68.58 | | Less : Interest | | 85.65 | 89.74 | -4.56 | | 354.88 | 370.72 | -4.27 | | Add: Other un-allcoable | | 29.43 | 12.39 | 137.58 | | -3.46 | 35.23 | PL | | PBIT Margin(%) | | Oils | | 0.00 | 0.00 | 0.00 | | Vanaspati | | 0.00 | 0.00 | 0.00 | | Seed Extraction | | 6.90 | 3.68 | 321.94 | | 7.37 | 4.30 | 307.20 | | Others (Food Products etc.) | | 11.31 | 16.60 | -529.45 | | 10.23 | 7.60 | 263.19 | | Wind Turbine Power Generation | | 4.63 | 2.95 | 167.47 | | 32.68 | 22.37 | 1,031.68 | | Oils & Vanaspati | | 4.23 | 4.15 | 7.22 | | 4.62 | 4.55 | 6.97 | | PBT | 100.00 | 295.69 | 147.96 | 99.84 | 100.00 | 1,074.38 | 514.40 | 108.86 |
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