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Consolidated net sales (including other operating income) of Hindustan Aeronautics for the quarter ended Mar 2023 has increased 8.07% to Rs 12494.67 crore. Operating profit margin has jumped from 21.62% to 25.98%, leading to 29.84% rise in operating profit to Rs 3,245.79 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 33.17% to 37.69%. Purchase of finished goods cost rose from 2.63% to 3.54%. Employee cost decreased from 13.01% to 12.26%. Other expenses fell from 28.01% to 21.85%. Other direct service cost fell from 1.02% to 0.44%. Provisions writeoffs cost fell from 25.73% to 20.41%. Other provisions fell from 25.73% to 20.41%. Preoperation capitalised expenses rose from 2.11% to 2.17%. Other income rose 44.26% to Rs 722.23 crore. PBIDT rose 32.25% to Rs 3968.02 crore. Provision for interest rose 31.32% to Rs 55.3 crore. Loan funds rose to Rs 2.65 crore as of 31 March 2023 from Rs 2.49 crore as of 31 March 2022. Inventories declined from Rs 14,347.28 crore as of 31 March 2022 to Rs 12,148.69 crore as of 31 March 2023. Sundry debtors were higher at Rs 4,719.07 crore as of 31 March 2023 compared to Rs 4,641.53 crore as of 31 March 2022. Cash and bank balance rose to Rs 20,316.61 crore as of 31 March 2023 from Rs 14,347.72 crore as of 31 March 2022. Investments rose to Rs 1,457.92 crore as of 31 March 2023 from Rs 1,362.70 crore as of 31 March 2022 . PBDT rose 32.26% to Rs 3912.72 crore. Provision for depreciation rose 175.98% to Rs 1055.61 crore. Fixed assets declined from Rs 6,876.71 crore as of 31 March 2022 to Rs 6,435.55 crore as of 31 March 2023. Intangible assets declined from Rs 2,362.11 crore to Rs 2,283.85 crore. Profit before tax grew 10.92% to Rs 2,857.11 crore. Provision for tax was debit of Rs 12.47 crore, compared to credit of Rs 528.11 crore. Effective tax rate was 0.44% compared to negative 20.49%. Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 8.82% to Rs 2,831.19 crore. Full year results analysis.
Net sales (including other operating income) of Hindustan Aeronautics has increased 9.37% to Rs 26927.46 crore. Operating profit margin has jumped from 21.97% to 24.80%, leading to 23.49% rise in operating profit to Rs 6,679.15 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 36.43% to 36.19%. Purchase of finished goods cost rose from 2.73% to 2.89%. Employee cost decreased from 19.16% to 17.78%. Other expenses fell from 19.17% to 18.96%. Other direct service cost rose from 1.34% to 1.87%. Provisions writeoffs cost fell from 16.26% to 15.65%. Other provisions fell from 16.26% to 15.65%. Preoperation capitalised expenses rose from 3.47% to 4.21%. Other income rose 69.57% to Rs 1670.12 crore. PBIDT rose 30.59% to Rs 8349.27 crore. Provision for interest fell 0.40% to Rs 57.97 crore. Loan funds rose to Rs 2.65 crore as of 31 March 2023 from Rs 2.49 crore as of 31 March 2022. Inventories declined from Rs 14,347.28 crore as of 31 March 2022 to Rs 12,148.69 crore as of 31 March 2023. Sundry debtors were higher at Rs 4,719.07 crore as of 31 March 2023 compared to Rs 4,641.53 crore as of 31 March 2022. Cash and bank balance rose to Rs 20,316.61 crore as of 31 March 2023 from Rs 14,347.72 crore as of 31 March 2022. Investments rose to Rs 1,457.92 crore as of 31 March 2023 from Rs 1,362.70 crore as of 31 March 2022 . PBDT rose 30.87% to Rs 8291.3 crore. Provision for depreciation rose 60.70% to Rs 1784.67 crore. Fixed assets declined from Rs 6,876.71 crore as of 31 March 2022 to Rs 6,435.55 crore as of 31 March 2023. Intangible assets declined from Rs 2,362.11 crore to Rs 2,283.85 crore. Profit before tax grew 24.53% to Rs 6,506.63 crore. Provision for tax was expense of Rs 681.77 crore, compared to Rs 144.65 crore. Effective tax rate was 10.47% compared to 2.77%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 14.72% to Rs 5,827.73 crore. Equity capital stood at Rs 334.39 crore as of 31 March 2023 to Rs 334.39 crore as of 31 March 2022. Per share face Value remained same at Rs 10.00. Promoters’ stake was 71.65% as of 31 March 2023 ,compared to 75.15% as of 31 March 2022 . Cash flow from operating activities decreased to Rs 8,829.72 crore for year ended March 2023 from Rs 10,173.13 crore for year ended March 2022. Cash flow used in acquiring fixed assets during the year ended March 2023 stood at Rs 1,781.22 crore, compared to Rs 1,500.57 crore during the year ended March 2022.
| Hindustan Aeronautics : Consolidated Results | | | Quarter ended | Year ended |
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| Particulars | 202303 | 202203 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 12,494.67 | 11,561.13 | 8.07 | 26,927.46 | 24,620.02 | 9.37 | | OPM (%) | 25.98 | 21.62 | 435 bps | 24.80 | 21.97 | 284 bps | | OP | 3,245.79 | 2,499.83 | 29.84 | 6,679.15 | 5,408.56 | 23.49 | | Other Inc. | 722.23 | 500.66 | 44.26 | 1,670.12 | 984.93 | 69.57 | | PBIDT | 3,968.02 | 3,000.49 | 32.25 | 8,349.27 | 6,393.49 | 30.59 | | Interest | 55.30 | 42.11 | 31.32 | 57.97 | 58.20 | -0.40 | | PBDT | 3,912.72 | 2,958.38 | 32.26 | 8,291.30 | 6,335.29 | 30.87 | | Depreciation | 1055.61 | 382.5 | 175.98 | 1784.67 | 1110.53 | 60.70 | | PBT | 2,857.11 | 2,575.88 | 10.92 | 6506.63 | 5224.76 | 24.53 | | Share of Profit/(Loss) from Associates | -13.45 | 1.09 | PL | 2.87 | -0.23 | LP | | PBT before EO | 2843.66 | 2576.97 | 10.35 | 6509.5 | 5224.53 | 24.59 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 2843.66 | 2576.97 | 10.35 | 6509.5 | 5224.53 | 24.59 | | Taxation | 12.47 | -528.11 | PL | 681.77 | 144.65 | 371.32 | | PAT | 2831.19 | 3105.08 | -8.82 | 5827.73 | 5079.88 | 14.72 | | Minority Interest (MI) | 0 | -0.09 | - | 0 | -0.16 | - | | Net profit | 2831.19 | 3105.17 | -8.82 | 5827.73 | 5080.04 | 14.72 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 2831.19 | 3105.17 | -8.82 | 5827.73 | 5080.04 | 14.72 | | EPS (Rs)* | 84.67 | 77.07 | 9.86 | 174.28 | 151.92 | 14.72 | | | * 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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