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Consolidated net sales (including other operating income) of Hindustan Aeronautics for the quarter ended Sep 2023 has increased 9.54% to Rs 5635.7 crore. Operating profit margin has declined from 31.52% to 27.11%, leading to 5.80% decline in operating profit to Rs 1,527.64 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 33.87% to 36.38%. Purchase of finished goods cost rose from 1.59% to 2.90%. Employee cost decreased from 22.36% to 22.11%. Other expenses fell from 10.50% to 10.36%. Other direct service cost fell from 6.88% to 1.28%. Provisions writeoffs cost rose from 6.98% to 7.55%. Other provisions rose from 6.98% to 7.55%. Preoperation capitalised expenses fell from 9.62% to 5.42%. Other income rose 81.17% to Rs 469.37 crore. PBIDT rose 6.18% to Rs 1997.01 crore. Provision for interest fell 13.51% to Rs 0.32 crore. PBDT rose 6.19% to Rs 1996.69 crore. Provision for depreciation rose 38.77% to Rs 349.65 crore. Profit before tax grew 1.15% to Rs 1,647.04 crore. Share of profit/loss was 92.11% higher at Rs 4.38 crore. Provision for tax was expense of Rs 414.75 crore, compared to Rs 409.42 crore. Effective tax rate was 25.11% compared to 25.11%. Minority interest decreased 200% to Rs -0.03 crore. Net profit attributable to owners of the company increased 1.27% to Rs 1,236.70 crore. For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Hindustan Aeronautics has increased 8.94% to Rs 9551.05 crore. Operating profit margin has declined from 27.92% to 25.17%, leading to 1.77% decline in operating profit to Rs 2,404.47 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 32.95% to 32.22%. Purchase of finished goods cost rose from 1.65% to 2.59%. Employee cost increased from 23.92% to 27.45%. Other expenses fell from 14.39% to 12.36%. Other direct service cost fell from 4.71% to 1.23%. Provisions writeoffs cost fell from 9.08% to 8.09%. Other provisions fell from 9.08% to 8.09%. Preoperation capitalised expenses fell from 7.17% to 4.67%. Other income rose 95.09% to Rs 879.31 crore. PBIDT rose 13.29% to Rs 3283.78 crore. Provision for interest fell 43.33% to Rs 0.34 crore. PBDT rose 13.30% to Rs 3283.44 crore. Provision for depreciation rose 19.74% to Rs 551.03 crore. Profit before tax grew 12.08% to Rs 2,732.41 crore. Share of profit/loss was 46.58% lower at Rs 8.04 crore. Provision for tax was expense of Rs 689.69 crore, compared to Rs 611.55 crore. Effective tax rate was 25.17% compared to 24.93%. Minority interest decreased 800% to Rs -0.18 crore. Net profit attributable to owners of the company increased 11.38% to Rs 2,050.94 crore.
Equity capital stood at Rs 334.39 crore as of 30 September 2023 to Rs 334.39 crore as of 30 September 2022. Per share face Value remained same at Rs 10.00. Promoters’ stake was 71.64% as of 30 September 2023 ,compared to 75.15% as of 30 September 2022 . Cash flow from operating activities decreased to Rs 1,751.88 crore for YTD ended September 2023 from Rs 3,364.87 crore for YTD ended September 2022. Cash flow used in acquiring fixed assets during the YTD ended September 2023 stood at Rs 697.92 crore, compared to Rs 829.70 crore during the YTD ended September 2022. Loan funds declined from Rs 2.58 crore as of 30 September 2022 to Rs 1.09 crore as of 30 September 2023. Inventories declined from Rs 14,689.90 crore as of 30 September 2022 to Rs 13,884.46 crore as of 30 September 2023. Sundry debtors were higher at Rs 5,077.52 crore as of 30 September 2023 compared to Rs 5,032.37 crore as of 30 September 2022. Cash and bank balance rose to Rs 21,391.39 crore as of 30 September 2023 from Rs 16,794.31 crore as of 30 September 2022. Investments rose to Rs 1,461.51 crore as of 30 September 2023 from Rs 1,378.44 crore as of 30 September 2022 . Fixed assets declined from Rs 6,875.52 crore as of 30 September 2022 to Rs 6,568.65 crore as of 30 September 2023. Intangible assets declined from Rs 2,777.96 crore to Rs 2,381.95 crore.
| Hindustan Aeronautics : Consolidated 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) | 5,635.70 | 5,144.79 | 9.54 | 9,551.05 | 8,767.25 | 8.94 | 26,927.46 | 24,620.02 | 9.37 | | OPM (%) | 27.11 | 31.52 | -441 bps | 25.17 | 27.92 | -275 bps | 24.80 | 21.97 | 284 bps | | OP | 1,527.64 | 1,621.63 | -5.80 | 2,404.47 | 2,447.92 | -1.77 | 6,679.15 | 5,408.56 | 23.49 | | Other Inc. | 469.37 | 259.07 | 81.17 | 879.31 | 450.71 | 95.09 | 1,670.12 | 984.93 | 69.57 | | PBIDT | 1,997.01 | 1,880.70 | 6.18 | 3,283.78 | 2,898.63 | 13.29 | 8,349.27 | 6,393.49 | 30.59 | | Interest | 0.32 | 0.37 | -13.51 | 0.34 | 0.60 | -43.33 | 57.97 | 58.20 | -0.40 | | PBDT | 1,996.69 | 1,880.33 | 6.19 | 3,283.44 | 2,898.03 | 13.30 | 8,291.30 | 6,335.29 | 30.87 | | Depreciation | 349.65 | 251.97 | 38.77 | 551.03 | 460.18 | 19.74 | 1784.67 | 1110.53 | 60.70 | | PBT | 1,647.04 | 1,628.36 | 1.15 | 2732.41 | 2437.85 | 12.08 | 6506.63 | 5224.76 | 24.53 | | Share of Profit/(Loss) from Associates | 4.38 | 2.28 | 92.11 | 8.04 | 15.05 | -46.58 | 2.87 | -0.23 | LP | | PBT before EO | 1651.42 | 1630.64 | 1.27 | 2740.45 | 2452.9 | 11.72 | 6509.5 | 5224.53 | 24.59 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 1651.42 | 1630.64 | 1.27 | 2740.45 | 2452.9 | 11.72 | 6509.5 | 5224.53 | 24.59 | | Taxation | 414.75 | 409.42 | 1.30 | 689.69 | 611.55 | 12.78 | 681.77 | 144.65 | 371.32 | | PAT | 1236.67 | 1221.22 | 1.27 | 2050.76 | 1841.35 | 11.37 | 5827.73 | 5079.88 | 14.72 | | Minority Interest (MI) | -0.03 | -0.01 | -200.00 | -0.18 | -0.02 | -800.00 | 0 | -0.16 | - | | Net profit | 1236.7 | 1221.23 | 1.27 | 2050.94 | 1841.37 | 11.38 | 5827.73 | 5080.04 | 14.72 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 1236.7 | 1221.23 | 1.27 | 2050.94 | 1841.37 | 11.38 | 5827.73 | 5080.04 | 14.72 | | EPS (Rs)* | 18.49 | 18.26 | 1.27 | 30.67 | 27.53 | 11.38 | 87.14 | 75.96 | 14.72 | | | * EPS is on current equity of Rs 334.39 crore, Face value of Rs 5, 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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