Sales of Exim segment has gone up 2.01% to Rs 1,318.85 crore (accounting for 66.40% of total sales). Sales of Domestic segment has gone up 22.63% to Rs 667.49 crore (accounting for 33.60% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 20.53% to Rs 395.09 crore. PBIT of Exim segment rose 20.28% to Rs 331.66 crore (accounting for 83.95% of total PBIT). PBIT of Domestic segment rose 21.86% to Rs 63.43 crore (accounting for 16.05% of total PBIT).
PBIT margin of Exim segment rose from 21.33% to 25.15%. PBIT margin of Domestic segment fell from 9.56% to 9.50%. Overall PBIT margin rose from 17.84% to 19.89%.
Half yearly performance
Consolidated net sales has increased 8.84% to Rs 3980.33 crore. Sales of Exim segment has gone up 0.75% to Rs 2,619.75 crore (accounting for 65.82% of total sales). Sales of Domestic segment has gone up 28.74% to Rs 1,360.58 crore (accounting for 34.18% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 16.41% to Rs 769.03 crore. PBIT of Exim segment rose 14.86% to Rs 648.39 crore (accounting for 84.31% of total PBIT). PBIT of Domestic segment rose 25.50% to Rs 120.64 crore (accounting for 15.69% of total PBIT).
PBIT margin of Exim segment rose from 21.71% to 24.75%. PBIT margin of Domestic segment fell from 9.10% to 8.87%. Overall PBIT margin rose from 18.06% to 19.32%.
Operating profit margin has jumped from 23.79% to 24.73%, leading to 13.13% rise in operating profit to Rs 984.31 crore. Employee cost decreased from 5.46% to 4.96%. Other expenses fell from 70.75% to 70.32%. Freight charges rose from 53.28% to 54.15%. Other direct service cost fell from 14.74% to 13.60%.
Other income fell 5.69% to Rs 113.11 crore. PBIDT rose 10.85% to Rs 1097.42 crore. Provision for interest fell 0.63% to Rs 31.43 crore. PBDT rose 11.23% to Rs 1065.99 crore. Provision for depreciation fell 2.26% to Rs 275.84 crore. Profit before tax grew 16.86% to Rs 790.15 crore. Share of profit/loss was 11.53% lower at Rs 10.74 crore. Provision for tax was expense of Rs 200.26 crore, compared to Rs 176.64 crore. Effective tax rate was 25.00% compared to 25.66%. Net profit attributable to owners of the company increased 17.08% to Rs 600.55 crore.
Loan funds rose to Rs 748.08 crore as of 30 September 2022 from Rs 721.47 crore as of 30 September 2021. Inventories rose to Rs 28.15 crore as of 30 September 2022 from Rs 21.67 crore as of 30 September 2021. Sundry debtors were higher at Rs 178.11 crore as of 30 September 2022 compared to Rs 168.54 crore as of 30 September 2021. Cash and bank balance rose to Rs 3,377.12 crore as of 30 September 2022 from Rs 2,907.82 crore as of 30 September 2021. Investments declined from Rs 1,248.34 crore as of 30 September 2021 to Rs 1,212.58 crore as of 30 September 2022. Fixed assets declined from Rs 6,391.05 crore as of 30 September 2021 to Rs 6,312.65 crore as of 30 September 2022. Intangible assets increased from Rs 10.39 crore to Rs 16.55 crore.
Equity capital stood at Rs 304.65 crore as of 30 September 2022 to Rs 304.65 crore as of 30 September 2021. Per share face Value remained same at Rs 5.00.
Promoters’ stake was 54.80% as of 30 September 2022 ,compared to 54.80% as of 30 September 2021 .
Cash flow from operating activities increased to Rs 685.97 crore for YTD ended September 2022 from Rs 487.52 crore for YTD ended September 2021. Cash flow used in acquiring fixed assets during the YTD ended September 2022 stood at Rs 116.82 crore, compared to Rs 328.88 crore during the YTD ended September 2021.