Consolidated net sales (including other operating income) of Hindustan Aeronautics for the quarter ended Dec 2022 has declined 3.87% to Rs 5665.54 crore. Operating profit margin has declined from 24.24% to 17.39%, leading to 31.02% decline in operating profit to Rs 985.44 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 39.26% to 37.91%. Purchase of finished goods cost rose from 2.35% to 3.39%. Employee cost decreased from 21.37% to 20.94%. Other expenses rose from 8.47% to 19.55%. Other direct service cost fell from 2.61% to 0.60%. Provisions writeoffs cost rose from 7.20% to 15.03%. Other provisions rose from 7.20% to 15.03%. Preoperation capitalised expenses fell from 7.25% to 4.24%. Other income rose 155.17% to Rs 497.18 crore. PBIDT fell 8.67% to Rs 1482.62 crore. Provision for interest rose 172.37% to Rs 2.07 crore. PBDT fell 8.75% to Rs 1480.55 crore. Provision for depreciation fell 28.01% to Rs 268.88 crore. Profit before tax down 3% to Rs 1,211.67 crore. Provision for tax was expense of Rs 57.75 crore, compared to Rs 313.81 crore. Effective tax rate was 4.76% compared to 25.16%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 23.76% to Rs 1,155.19 crore. For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Hindustan Aeronautics has increased 10.50% to Rs 14432.79 crore.
Operating profit margin has jumped from 22.29% to 23.79%, leading to 17.92% rise in operating profit to Rs 3,433.36 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 39.07% to 34.81%. Purchase of finished goods cost fell from 2.81% to 2.30%. Employee cost decreased from 24.17% to 22.81%. Other expenses rose from 11.96% to 16.32%. Other direct service cost rose from 1.61% to 3.17%. Provisions writeoffs cost rose from 8.54% to 11.31%. Other provisions rose from 8.54% to 11.31%. Preoperation capitalised expenses rose from 4.58% to 6.08%. Other income rose 96.92% to Rs 947.89 crore. PBIDT rose 29.13% to Rs 4381.25 crore. Provision for interest fell 83.41% to Rs 2.67 crore. PBDT rose 29.66% to Rs 4378.58 crore. Provision for depreciation rose 0.14% to Rs 729.06 crore. Profit before tax grew 37.78% to Rs 3,649.52 crore. Provision for tax was expense of Rs 669.3 crore, compared to Rs 672.76 crore. Effective tax rate was 18.26% compared to 25.41%.Minority interest increased 71.43% to Rs -0.02 crore. Net profit attributable to owners of the company increased 51.73% to Rs 2,996.56 crore. Promoters’ stake was 75.15% as of 31 December 2022 ,compared to 75.15% as of 31 December 2021 .
| Hindustan Aeronautics : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202212 | 202112 | Var.(%) | 202212 | 202112 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 5,665.54 | 5,893.82 | -3.87 | 14,432.79 | 13,061.79 | 10.50 | 24,620.02 | 22,882.32 | 7.59 | | OPM (%) | 17.39 | 24.24 | -684 bps | 23.79 | 22.29 | 150 bps | 21.97 | 23.32 | -135 bps | | OP | 985.44 | 1,428.49 | -31.02 | 3,433.36 | 2,911.63 | 17.92 | 5,408.56 | 5,336.26 | 1.35 | | Other Inc. | 497.18 | 194.84 | 155.17 | 947.89 | 481.37 | 96.92 | 984.93 | 357.45 | 175.54 | | PBIDT | 1,482.62 | 1,623.33 | -8.67 | 4,381.25 | 3,393.00 | 29.13 | 6,393.49 | 5,693.71 | 12.29 | | Interest | 2.07 | 0.76 | 172.37 | 2.67 | 16.09 | -83.41 | 58.20 | 259.17 | -77.54 | | PBDT | 1,480.55 | 1,622.57 | -8.75 | 4,378.58 | 3,376.91 | 29.66 | 6,335.29 | 5,434.54 | 16.57 | | Depreciation | 268.88 | 373.48 | -28.01 | 729.06 | 728.03 | 0.14 | 1110.53 | 1157.89 | -4.09 | | PBT | 1,211.67 | 1,249.09 | -3.00 | 3649.52 | 2648.88 | 37.78 | 5224.76 | 4276.65 | 22.17 | | Share of Profit/(Loss) from Associates | 1.27 | -1.9 | LP | 16.32 | -1.32 | LP | -0.23 | 4.81 | PL | | PBT before EO | 1212.94 | 1247.19 | -2.75 | 3665.84 | 2647.56 | 38.46 | 5224.53 | 4281.46 | 22.03 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 2.02 | - | | PBT after EO | 1212.94 | 1247.19 | -2.75 | 3665.84 | 2647.56 | 38.46 | 5224.53 | 4283.48 | 21.97 | | Taxation | 57.75 | 313.81 | -81.60 | 669.3 | 672.76 | -0.51 | 144.65 | 1037.93 | -86.06 | | PAT | 1155.19 | 933.38 | 23.76 | 2996.54 | 1974.8 | 51.74 | 5079.88 | 3245.55 | 56.52 | | Minority Interest (MI) | 0 | -0.02 | - | -0.02 | -0.07 | 71.43 | -0.16 | -0.4 | 60.00 | | Net profit | 1155.19 | 933.4 | 23.76 | 2996.56 | 1974.87 | 51.73 | 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 | 1155.19 | 933.4 | 23.76 | 2996.56 | 1974.87 | 51.73 | 5080.04 | 3245.95 | 56.50 | | EPS (Rs)* | 34.55 | 27.91 | 23.76 | 89.61 | 59.06 | 51.73 | 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 |
|
|