• Sales of Hydraulic Business segment has gone up 0.51% to Rs 73.14 crore (accounting for 79.17% of total sales).  Sales of Foundry Business segment rose 12.71% to Rs 19.24 crore (accounting for 20.83% of total sales).  Inter-segment sales rose Rs 5.32 crore to Rs 5.54 crore.  
• Profit before interest, tax and other unallocable items (PBIT) has slumped 7.87% to Rs 11.69 crore.  PBIT of Hydraulic Business segment rose 1.70% to Rs 15.76 crore (accounting for 134.84% of total PBIT).  PBIT of Foundry Business segment fell 44.92% to Rs -4.07 crore (accounting for -34.84% of total PBIT).  
• PBIT margin of Hydraulic Business segment rose from 21.29% to 21.55%.  PBIT margin of Foundry Business segment fell from negative 16.45% to negative 21.16%.  Overall PBIT margin fell from 14.12% to 12.65%.  

Nine month performance

Net sales (including other operating income) of Yuken India has increased 16.32% to Rs 271.41 crore.  Sales of Hydraulic Business segment has gone up 13.54% to Rs 231.23 crore (accounting for 80.45% of total sales).  Sales of Foundry Business segment rose 19.81% to Rs 56.21 crore (accounting for 19.55% of total sales).  Inter-segment sales came down from Rs 17.25 crore to Rs 16.03 crore.  

Profit before interest, tax and other unallocable items (PBIT) has jumped 12.68% to Rs 39.31 crore.  PBIT of Hydraulic Business segment rose 5.90% to Rs 49.38 crore (accounting for 125.61% of total PBIT).  PBIT of Foundry Business segment rose 14.26% to Rs -10.07 crore (accounting for -25.61% of total PBIT).  

PBIT margin of Hydraulic Business segment fell from 22.89% to 21.35%.  PBIT margin of Foundry Business segment rose from negative 25.02% to negative 17.91%.  Overall PBIT margin fell from 13.92% to 13.68%.  

Operating profit margin has declined from 10.63% to 9.28%, leading to 1.49% rise in operating profit to Rs 25.18 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 42.39% to 43.41%.   Purchase of finished goods cost fell from 6.73% to 6.13%.   Employee cost increased from 13.62% to 13.88%.   Other expenses rose from 26.93% to 27.40%.   

Other income rose 5.60% to Rs 2.64 crore.  PBIDT rose 1.87% to Rs 27.82 crore.  Provision for interest rose 11.58% to Rs 6.84 crore.  

PBDT fell 0.94% to Rs 20.98 crore.  Provision for depreciation rose 19.28% to Rs 9.34 crore.  

Profit before tax down 12.81% to Rs 11.64 crore.  Share of profit/loss was 94.74% lower at Rs 0.01 crore.  Provision for tax was expense of Rs 4.94 crore, compared to Rs 4.34 crore.  Effective tax rate was 35.54% compared to 32.05%.

Minority interest increased 166.67% to Rs 0.08 crore.  Net profit attributable to owners of the company decreased 3.16% to Rs 8.88 crore.  

Others

The Holding Company has received ?300.55 lakhs for the quarter ended 31 December 2022 and cumulative receipt of ?10,864.94 lakhs ( net of recovery of security deposit of ?1,000 lakhs) as on 31 December 2022, from Brigade Enterprises Limited, in accordance with the Joint Development Agreement.

Promoters’ stake was 52.50% as of 31 December 2022 ,compared to 52.50% as of 31 December 2021 .