Sales of Coil spiring & Forging items segment has gone up 37.99% to Rs 27.76 crore (accounting for 100.00% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has slumped 3.77% to Rs 3.34 crore.  PBIT of Coil spiring & Forging items segment fell 3.77% to Rs 3.34 crore (accounting for 100.00% of total PBIT).  

PBIT margin of Coil spiring & Forging items segment fell from 17.24% to 12.02%.  Overall PBIT margin fell from 17.24% to 12.02%.  

For year-to-date (YTD) results analysis

Net sales (including other operating income) of Frontier Springs has increased 27.15% to Rs 78.20 crore.  Sales of Coil spiring & Forging items segment has gone up 27.17% to Rs 78.20 crore (accounting for 100.00% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has slumped 1.90% to Rs 11.12 crore.  PBIT of Coil spiring & Forging items segment fell 1.90% to Rs 11.12 crore (accounting for 100.00% of total PBIT).  

PBIT margin of Coil spiring & Forging items segment fell from 18.43% to 14.22%.  Overall PBIT margin fell from 18.43% to 14.22%.  

Operating profit margin has declined from 14.59% to 11.43%, leading to 0.33% decline in operating profit to Rs 8.94 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 43.76% to 50.58%.   Employee cost decreased from 4.06% to 3.66%.   Other expenses fell from 38.38% to 34.75%.   

Other income fell 46.25% to Rs 0.43 crore.  PBIDT fell 4.09% to Rs 9.37 crore.  Provision for interest up 18.18% to Rs 0.26 crore.  

PBDT fell 4.61% to Rs 9.11 crore.  Provision for depreciation rose 12.18% to Rs 2.21 crore.  Profit before tax down 8.97% to Rs 6.90 crore.  Provision for tax was expense of Rs 1.83 crore, compared to Rs 1.96 crore.  Effective tax rate was 26.52% compared to 25.86%.Profit after tax fell 9.79% to Rs 5.07 crore.  

Promoters’ stake was 51.76% as of 31 December 2022 ,compared to 51.76% as of 31 December 2021 .