Standalone net sales (including other operating income) of John Cockerill India for the quarter ended Sep 2023 has increased 348.62% to Rs 191.56 crore. Operating profit margin (OPM) has turned from negative 10.63% to positive 3.22%, Operating profit for the quarter stood at Rs 6.16 crore compared to loss of Rs 4.54 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 43.88% to 72.53%. Employee cost decreased from 32.69% to 8.89%. Other expenses fell from 33.91% to 15.38%. Other income fell 18.96% to Rs 2.95 crore. PBIDT stood at Rs 9.11 crore compared to loss of Rs 0.9 crore. Provision for interest fell 47.83% to Rs 0.48 crore. PBDT stood at Rs 8.63 crore compared to loss of Rs 1.82 crore. Provision for depreciation rose 10.62% to Rs 1.25 crore. Profit before tax reported profit of Rs 7.38 crore compared to loss of Rs 2.95 crore. Provision for tax remained nil. Profit after tax reported profit of Rs 6.98 crore compared to loss of Rs 2.95 crore. For year-to-date (YTD) results analysis
Net sales (including other operating income) of John Cockerill India has increased 415% to Rs 412.72 crore. Operating profit margin (OPM) has turned from negative 14.57% to positive 3.23%, Operating profit for the quarter stood at Rs 13.34 crore compared to loss of Rs 11.68 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 45.43% to 72.91%. Employee cost decreased from 34.21% to 8.28%. Other expenses fell from 34.68% to 15.57%.
Other income fell 52.91% to Rs 3.64 crore. PBIDT stood at Rs 16.98 crore compared to loss of Rs 3.95 crore. Provision for interest fell 40.49% to Rs 1.22 crore. PBDT stood at Rs 15.76 crore compared to loss of Rs 6 crore. Provision for depreciation rose 15.62% to Rs 2.59 crore. Profit before tax reported profit of Rs 13.17 crore compared to loss of Rs 8.24 crore. Provision for tax was expense of Rs 1.85 crore, compared to Rs 0.05 crore. Effective tax rate was 14.05% compared to negative 0.61%. Profit after tax reported profit of Rs 11.32 crore compared to loss of Rs 8.29 crore. Equity capital stood at Rs 4.94 crore as of 30 September 2023 to Rs 4.94 crore as of 30 September 2022. Per share face Value remained same at Rs 10.00. Promoters’ stake was 75.00% as of 30 September 2023 ,compared to 75.00% as of 30 September 2022 .
Loan funds rose to Rs 0.88 crore as of 30 September 2023 from Rs 0.10 crore as of 30 September 2022. Inventories rose to Rs 19.63 crore as of 30 September 2023 from Rs 15.92 crore as of 30 September 2022. Sundry debtors were higher at Rs 151.72 crore as of 30 September 2023 compared to Rs 101.99 crore as of 30 September 2022. Cash and bank balance declined from Rs 240.81 crore as of 30 September 2022 to Rs 139.79 crore as of 30 September 2023. Fixed assets increased to Rs 52.18 crore as of 30 September 2023 from Rs 51.21 crore as of 30 September 2022. Intangible assets declined from Rs 0.07 crore to Rs 0.04 crore. The company changed the financial year end from March to December.
| John Cockerill India : Standalone Results | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202309 | 202209 | Var.(%) | 202309 | 202209 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 191.56 | 42.70 | 348.62 | 412.72 | 80.14 | 415.00 | 483.70 | 382.78 | 26.37 | | OPM (%) | 3.22 | -10.63 | 1,385 bps | 3.23 | -14.57 | 1,781 bps | 1.37 | 2.48 | -110 bps | | OP | 6.16 | -4.54 | LP | 13.34 | -11.68 | LP | 6.65 | 9.49 | -29.93 | | Other Inc. | 2.95 | 3.64 | -18.96 | 3.64 | 7.73 | -52.91 | 16.61 | 6.45 | 157.52 | | PBIDT | 9.11 | -0.90 | LP | 16.98 | -3.95 | LP | 23.26 | 15.94 | 45.92 | | Interest | 0.48 | 0.92 | -47.83 | 1.22 | 2.05 | -40.49 | 1.93 | 6.85 | -71.82 | | PBDT | 8.63 | -1.82 | LP | 15.76 | -6.00 | LP | 21.33 | 9.09 | 134.65 | | Depreciation | 1.25 | 1.13 | 10.62 | 2.59 | 2.24 | 15.62 | 5.15 | 4.66 | 10.52 | | PBT | 7.38 | -2.95 | LP | 13.17 | -8.24 | LP | 16.18 | 4.43 | 265.24 | | PBT before EO | 7.38 | -2.95 | LP | 13.17 | -8.24 | LP | 16.18 | 4.43 | 265.24 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 7.38 | -2.95 | LP | 13.17 | -8.24 | LP | 16.18 | 4.43 | 265.24 | | Taxation | 0.4 | 0 | - | 1.85 | 0.05 | 3,600.00 | 3.29 | -0.21 | PL | | PAT | 6.98 | -2.95 | LP | 11.32 | -8.29 | LP | 12.89 | 4.64 | 177.80 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 6.98 | -2.95 | LP | 11.32 | -8.29 | LP | 12.89 | 4.64 | 177.80 | | EPS (Rs)* | 14.13 | -5.97 | LP | 22.92 | -16.78 | LP | 26.09 | 9.39 | 177.80 | | | * EPS is on current equity of Rs 4.94 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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