For
the quarter ending sept 2022, standalone net sales (including other operating income) of Gabriel India has increased 36.15% to Rs 802.87 crore compared to quarter ended sept 2021. Operating profit margin has jumped from 7.29% to 7.36%, leading to 37.43% rise in operating profit to Rs 59.11 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 73.90% to 76.07%. Purchase of finished goods cost fell from 1.45% to 1.19%. Employee cost decreased from 6.90% to 5.61%. Other expenses fell from 10.26% to 9.86%. Other income fell 33.63% to Rs 2.94 crore. PBIDT rose 30.80% to Rs 62.05 crore. Provision for interest fell 28.57% to Rs 1.05 crore. Loan funds declined from Rs 13.83 crore as of 30 September 2021 to Rs 12.00 crore as of 30 September 2022. Inventories rose to Rs 252.79 crore as of 30 September 2022 from Rs 198.92 crore as of 30 September 2021. Sundry debtors were higher at Rs 479.65 crore as of 30 September 2022 compared to Rs 280.53 crore as of 30 September 2021. Cash and bank balance rose to Rs 90.31 crore as of 30 September 2022 from Rs 22.95 crore as of 30 September 2021. Investments declined from Rs 97.44 crore as of 30 September 2021 to Rs 0.64 crore as of 30 September 2022.
PBDT rose 32.70% to Rs 61 crore. Provision for depreciation rose 18.99% to Rs 11.78 crore. Fixed assets increased to Rs 415.67 crore as of 30 September 2022 from Rs 393.73 crore as of 30 September 2021. Intangible assets increased from Rs 2.35 crore to Rs 7.00 crore.
Profit before tax grew 36.46% to Rs 49.22 crore. Provision for tax was expense of Rs 12.65 crore, compared to Rs 11.15 crore. Effective tax rate was 25.70% compared to 30.91%.
Profit after tax rose 46.75% to Rs 36.57 crore.
Equity capital stood at Rs 14.36 crore as of 30 September 2022 to Rs 14.36 crore as of 30 September 2021. Per share face Value remained same at Rs 1.00.
Promoters’ stake was 55.00% as of 30 September 2022 ,compared to 55.00% as of 30 September 2021 .
For year-to-date (YTD) results analysis
Net sales (including other operating income) of Gabriel India has increased 46.30% to Rs 1,523.78 crore.
Operating profit margin has jumped from 6.36% to 7.22%, leading to 66.14% rise in operating profit to Rs 109.97 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 74.17% to 75.81%. Purchase of finished goods cost fell from 1.40% to 1.11%. Employee cost decreased from 7.59% to 5.85%. Other expenses fell from 10.47% to 10.07%. Other income up 2.25% to Rs 9.08 crore. PBIDT rose 58.59% to Rs 119.05 crore. Provision for interest fell 28.19% to Rs 2.42 crore. Loan funds declined from Rs 13.83 crore as of 30 September 2021 to Rs 12.00 crore as of 30 September 2022. Inventories rose to Rs 252.79 crore as of 30 September 2022 from Rs 198.92 crore as of 30 September 2021. Sundry debtors were higher at Rs 479.65 crore as of 30 September 2022 compared to Rs 280.53 crore as of 30 September 2021. Cash and bank balance rose to Rs 90.31 crore as of 30 September 2022 from Rs 22.95 crore as of 30 September 2021. Investments declined from Rs 97.44 crore as of 30 September 2021 to Rs 0.64 crore as of 30 September 2022.
PBDT rose 62.66% to Rs 116.63 crore. Provision for depreciation rose 15.74% to Rs 22.94 crore. Fixed assets increased to Rs 415.67 crore as of 30 September 2022 from Rs 393.73 crore as of 30 September 2021. Intangible assets increased from Rs 2.35 crore to Rs 7.00 crore. Profit before tax grew 80.59% to Rs 93.69 crore. Provision for tax was expense of Rs 24.22 crore, compared to Rs 14.96 crore. Effective tax rate was 25.85% compared to 28.84%.Profit after tax rose 88.16% to Rs 69.47 crore. Equity capital stood at Rs 14.36 crore as of 30 September 2022 to Rs 14.36 crore as of 30 September 2021. Per share face Value remained same at Rs 1.00.
Promoters’ stake was 55.00% as of 30 September 2022 ,compared to 55.00% as of 30 September 2021 .
Full year results analysis
Net sales (including other operating income) of Gabriel India has increased 37.59% to Rs 2,331.99 crore. Operating profit margin has jumped from 6.05% to 6.26%, leading to 42.33% rise in operating profit to Rs 145.92 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 72.98% to 75.35%. Purchase of finished goods cost fell from 1.77% to 1.33%. Employee cost decreased from 8.67% to 6.83%. Other expenses fell from 10.56% to 10.26%. Other income up 7.65% to Rs 26.17 crore. PBIDT rose 35.69% to Rs 172.09 crore. Provision for interest fell 34.71% to Rs 4.27 crore. Loan funds declined from Rs 14.67 crore as of 31 March 2021 to Rs 12.90 crore as of 31 March 2022. Inventories rose to Rs 209.98 crore as of 31 March 2022 from Rs 196.48 crore as of 31 March 2021. Sundry debtors were higher at Rs 382.40 crore as of 31 March 2022 compared to Rs 279.30 crore as of 31 March 2021. Cash and bank balance declined from Rs 91.03 crore as of 31 March 2021 to Rs 54.57 crore as of 31 March 2022. Investments rose to Rs 83.80 crore as of 31 March 2022 from Rs 15.17 crore as of 31 March 2021 .
PBDT rose 39.51% to Rs 167.82 crore. Provision for depreciation down 2.43% to Rs 41.36 crore. Fixed assets increased to Rs 402.70 crore as of 31 March 2022 from Rs 377.88 crore as of 31 March 2021. Intangible assets increased from Rs 2.51 crore to Rs 3.08 crore.
Profit before tax grew 62.34% to Rs 126.46 crore. Provision for tax was expense of Rs 36.94 crore, compared to Rs 17.63 crore. Effective tax rate was 29.21% compared to 22.63%.
Profit after tax rose 48.53% to Rs 89.52 crore.
Equity capital stood at Rs 14.36 crore as of 30 September 2022 to Rs 14.36 crore as of 30 September 2021. Per share face Value remained same at Rs 1.00.
Promoters’ stake was 55.00% as of 31 March 2022 ,compared to 55.00% as of 31 March 2021 .
Cash flow from operating activities decreased to Rs 96.46 crore for year ended March 2022 from Rs 203.88 crore for year ended March 2021. Cash flow used in acquiring fixed assets during the year ended March 2022 stood at Rs 77.65 crore, compared to Rs 52.61 crore during the year ended March 2021.
Dividend update: Board of Directors declared Interim Dividend of Re 0.90 per share
having face value of Re 1 each. The record date for the payment of interim
dividend would be Friday, November 18, 2022.
| Gabriel India : Standalone Results |
| Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202209 | 202109 | Var.(%) | 202209 | 202109 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 802.87 | 589.70 | 36.15 | 1,523.78 | 1,041.52 | 46.30 | 2,331.99 | 1,694.83 | 37.59 | | OPM (%) | 7.36 | 7.29 | 7 bps | 7.22 | 6.36 | 86 bps | 6.26 | 6.05 | 21 bps | | OP | 59.11 | 43.01 | 37.43 | 109.97 | 66.19 | 66.14 | 145.92 | 102.52 | 42.33 | | Other Inc. | 2.94 | 4.43 | -33.63 | 9.08 | 8.88 | 2.25 | 26.17 | 24.31 | 7.65 | | PBIDT | 62.05 | 47.44 | 30.80 | 119.05 | 75.07 | 58.59 | 172.09 | 126.83 | 35.69 | | Interest | 1.05 | 1.47 | -28.57 | 2.42 | 3.37 | -28.19 | 4.27 | 6.54 | -34.71 | | PBDT | 61.00 | 45.97 | 32.70 | 116.63 | 71.70 | 62.66 | 167.82 | 120.29 | 39.51 | | Depreciation | 11.78 | 9.9 | 18.99 | 22.94 | 19.82 | 15.74 | 41.36 | 42.39 | -2.43 | | PBT | 49.22 | 36.07 | 36.46 | 93.69 | 51.88 | 80.59 | 126.46 | 77.9 | 62.34 | | PBT before EO | 49.22 | 36.07 | 36.46 | 93.69 | 51.88 | 80.59 | 126.46 | 77.9 | 62.34 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 49.22 | 36.07 | 36.46 | 93.69 | 51.88 | 80.59 | 126.46 | 77.9 | 62.34 | | Taxation | 12.65 | 11.15 | 13.45 | 24.22 | 14.96 | 61.90 | 36.94 | 17.63 | 109.53 | | PAT | 36.57 | 24.92 | 46.75 | 69.47 | 36.92 | 88.16 | 89.52 | 60.27 | 48.53 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 36.57 | 24.92 | 46.75 | 69.47 | 36.92 | 88.16 | 89.52 | 60.27 | 48.53 | | EPS (Rs)* | 2.55 | 1.73 | 46.75 | 4.84 | 2.57 | 88.16 | 6.23 | 4.20 | 48.53 | | | * EPS is on current equity of Rs 14.36 crore, Face value of Rs 1, 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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