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Consolidated net sales (including other operating income) of Hindustan Aeronautics for the quarter ended Sep 2022 has declined 7.34% to Rs 5144.79 crore. Operating profit margin has jumped from 22.35% to 31.52%, leading to 30.70% rise in operating profit to Rs 1,621.63 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 40.75% to 33.87%. Purchase of finished goods cost fell from 3.72% to 1.59%. Employee cost increased from 20.32% to 22.36%. Other expenses fell from 11.73% to 10.50%. Other direct service cost rose from 1.02% to 6.88%. Provisions writeoffs cost fell from 8.26% to 6.98%. Other provisions fell from 8.26% to 6.98%. Preoperation capitalised expenses rose from 3.21% to 9.62%. Other income rose 89.93% to Rs 259.07 crore. PBIDT rose 36.57% to Rs 1880.7 crore. Provision for interest fell 42.19% to Rs 0.37 crore. PBDT rose 36.61% to Rs 1880.33 crore. Provision for depreciation rose 3.65% to Rs 251.97 crore. Profit before tax grew 43.68% to Rs 1,628.36 crore. Share of profit/loss was 21.65% lower at Rs 2.28 crore. Provision for tax was expense of Rs 409.42 crore, compared to Rs 289.53 crore. Effective tax rate was 25.11% compared to 25.48%. Minority interest increased 50% to Rs -0.01 crore. Net profit attributable to owners of the company increased 44.22% to Rs 1,221.23 crore. Half yearly performance
Consolidated net sales has increased 22.31% to Rs 8767.25 crore. Operating profit margin has jumped from 20.69% to 27.92%, leading to 65.05% rise in operating profit to Rs 2,447.92 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 38.96% to 32.95%. Purchase of finished goods cost fell from 3.09% to 1.65%. Employee cost decreased from 25.87% to 23.92%. Other expenses rose from 14.08% to 14.39%. Other direct service cost rose from 1.00% to 4.71%. Provisions writeoffs cost fell from 9.35% to 9.08%. Other provisions fell from 9.35% to 9.08%. Preoperation capitalised expenses rose from 2.96% to 7.17%. Other income rose 57.30% to Rs 450.71 crore. PBIDT rose 63.79% to Rs 2898.63 crore. Provision for interest fell 96.09% to Rs 0.6 crore. PBDT rose 65.19% to Rs 2898.03 crore. Provision for depreciation rose 29.79% to Rs 460.18 crore. Profit before tax grew 74.16% to Rs 2,437.85 crore. Share of profit/loss was 2,494.83% higher at Rs 15.05 crore. Provision for tax was expense of Rs 611.55 crore, compared to Rs 358.95 crore. Effective tax rate was 24.93% compared to 25.63%. Minority interest increased 60% to Rs -0.02 crore. Net profit attributable to owners of the company increased 76.80% to Rs 1,841.37 crore.
Equity capital stood at Rs 334.39 crore as of 30 September 2022 to Rs 334.39 crore as of 30 September 2021. Per share face Value remained same at Rs 10.00. Promoters’ stake was 75.15% as of 30 September 2022 ,compared to 75.15% as of 30 September 2021 . Loan funds declined from Rs 6.31 crore as of 30 September 2021 to Rs 2.58 crore as of 30 September 2022. Inventories declined from Rs 17,713.13 crore as of 30 September 2021 to Rs 14,689.90 crore as of 30 September 2022. Sundry debtors were lower at Rs 5,032.37 crore as of 30 September 2022 compared to Rs 5,486.95 crore as of 30 September 2021. Cash and bank balance rose to Rs 16,794.31 crore as of 30 September 2022 from Rs 13,568.88 crore as of 30 September 2021. Investments rose to Rs 1,378.44 crore as of 30 September 2022 from Rs 1,119.58 crore as of 30 September 2021 . Fixed assets declined from Rs 7,534.52 crore as of 30 September 2021 to Rs 6,875.52 crore as of 30 September 2022. Intangible assets increased from Rs 2,336.07 crore to Rs 2,777.96 crore. Cash flow from operating activities decreased to Rs 3,309.70 crore for YTD ended September 2022 from Rs 6,970.99 crore for YTD ended September 2021. Cash flow used in acquiring fixed assets during the YTD ended September 2022 stood at Rs 829.70 crore, compared to Rs 653.36 crore during the YTD ended September 2021.
| Hindustan Aeronautics : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202209 | 202109 | Var.(%) | 202209 | 202109 | Var.(%) | 202203 | 202103 | Var.(%) |
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| Net Sales (including other operating income) | 5,144.79 | 5,552.14 | -7.34 | 8,767.25 | 7,167.97 | 22.31 | 24,620.02 | 22,882.32 | 7.59 | | OPM (%) | 31.52 | 22.35 | 917 bps | 27.92 | 20.69 | 723 bps | 21.97 | 23.32 | -135 bps | | OP | 1,621.63 | 1,240.69 | 30.70 | 2,447.92 | 1,483.14 | 65.05 | 5,408.56 | 5,336.26 | 1.35 | | Other Inc. | 259.07 | 136.40 | 89.93 | 450.71 | 286.53 | 57.30 | 984.93 | 357.45 | 175.54 | | PBIDT | 1,880.70 | 1,377.09 | 36.57 | 2,898.63 | 1,769.67 | 63.79 | 6,393.49 | 5,693.71 | 12.29 | | Interest | 0.37 | 0.64 | -42.19 | 0.60 | 15.33 | -96.09 | 58.20 | 259.17 | -77.54 | | PBDT | 1,880.33 | 1,376.45 | 36.61 | 2,898.03 | 1,754.34 | 65.19 | 6,335.29 | 5,434.54 | 16.57 | | Depreciation | 251.97 | 243.09 | 3.65 | 460.18 | 354.55 | 29.79 | 1110.53 | 1157.89 | -4.09 | | PBT | 1,628.36 | 1,133.36 | 43.68 | 2437.85 | 1399.79 | 74.16 | 5224.76 | 4276.65 | 22.17 | | Share of Profit/(Loss) from Associates | 2.28 | 2.91 | -21.65 | 15.05 | 0.58 | 2,494.83 | -0.23 | 4.81 | PL | | PBT before EO | 1630.64 | 1136.27 | 43.51 | 2452.9 | 1400.37 | 75.16 | 5224.53 | 4281.46 | 22.03 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 2.02 | - | | PBT after EO | 1630.64 | 1136.27 | 43.51 | 2452.9 | 1400.37 | 75.16 | 5224.53 | 4283.48 | 21.97 | | Taxation | 409.42 | 289.53 | 41.41 | 611.55 | 358.95 | 70.37 | 144.65 | 1037.93 | -86.06 | | PAT | 1221.22 | 846.74 | 44.23 | 1841.35 | 1041.42 | 76.81 | 5079.88 | 3245.55 | 56.52 | | Minority Interest (MI) | -0.01 | -0.02 | 50.00 | -0.02 | -0.05 | 60.00 | -0.16 | -0.4 | 60.00 | | Net profit | 1221.23 | 846.76 | 44.22 | 1841.37 | 1041.47 | 76.80 | 5080.04 | 3245.95 | 56.50 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 1221.23 | 846.76 | 44.22 | 1841.37 | 1041.47 | 76.80 | 5080.04 | 3245.95 | 56.50 | | EPS (Rs)* | 36.52 | 25.32 | 44.22 | 55.07 | 31.15 | 76.80 | 151.92 | 97.03 | 56.58 | | | * 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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