Stanalone net sales (including other operating income) of Bharat Bijlee for the quarter ended Dec 2023 has increased 9.20% to Rs 423.74 crore. Sales of Industrial Systems segment has gone up 0.24% to Rs 189.45 crore (accounting for 44.71% of total sales). Sales of Power Systems segment rose 17.72% to Rs 234.29 crore (accounting for 55.29% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 15.75% to Rs 57.55 crore. PBIT of Industrial Systems segment fell 37.08% to Rs 18.80 crore (accounting for 32.67% of total PBIT). PBIT of Power Systems segment rose 95.31% to Rs 38.75 crore (accounting for 67.33% of total PBIT). PBIT margin of Industrial Systems segment fell from 15.81% to 9.92%. PBIT margin of Power Systems segment rose from 9.97% to 16.54%. Overall PBIT margin rose from 12.81% to 13.58%. Operating profit margin has jumped from 8.41% to 9.20%, leading to 19.50% rise in operating profit to Rs 38.98 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 71.65% to 70.96%. Purchase of finished goods cost rose from 1.83% to 1.87%. Employee cost increased from 10.65% to 10.83%. Other expenses rose from 7.48% to 7.51%. Other income up 35.26% to Rs 9.59 crore. PBIDT rose 22.31% to Rs 48.57 crore. Provision for interest fell 8.90% to Rs 5.32 crore. PBDT rose 27.69% to Rs 43.25 crore. Provision for depreciation rose 8.18% to Rs 3.57 crore. Profit before tax grew 29.80% to Rs 39.68 crore. Provision for tax was expense of Rs 9.99 crore, compared to Rs 7.48 crore. Effective tax rate was 25.18% compared to 24.47%. Profit after tax rose 28.58% to Rs 29.69 crore. For year-to-date (YTD) results analysis
Standalone net sales (including other operating income) of Bharat Bijlee for the 9mFY24 has increased 29.97% to Rs 1,285.01 crore. Sales of Industrial Systems segment has gone up 4.43% to Rs 607.34 crore (accounting for 47.26% of total sales). Sales of Power Systems segment rose 66.45% to Rs 677.67 crore (accounting for 52.74% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 38.72% to Rs 156.81 crore. PBIT of Industrial Systems segment fell 25.74% to Rs 69.75 crore (accounting for 44.48% of total PBIT). PBIT of Power Systems segment rose 355.57% to Rs 87.06 crore (accounting for 55.52% of total PBIT). PBIT margin of Industrial Systems segment fell from 16.15% to 11.48%. PBIT margin of Power Systems segment rose from 4.69% to 12.85%. Overall PBIT margin rose from 11.43% to 12.20%. Operating profit margin has jumped from 7.95% to 8.57%, leading to 40.16% rise in operating profit to Rs 110.12 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 73.39% to 72.41%. Purchase of finished goods cost fell from 1.99% to 1.71%. Employee cost decreased from 9.91% to 9.80%. Other expenses rose from 7.42% to 7.68%. Other income up 26.41% to Rs 26.18 crore. PBIDT rose 37.29% to Rs 136.3 crore. Provision for interest up 3.96% to Rs 15.77 crore. PBDT rose 43.30% to Rs 120.53 crore. Provision for depreciation rose 8.95% to Rs 10.47 crore. Profit before tax grew 47.73% to Rs 110.06 crore. Provision for tax was expense of Rs 27.15 crore, compared to Rs 18.14 crore. Effective tax rate was 24.67% compared to 24.35%.Profit after tax rose 47.11% to Rs 82.91 crore. Promoters’ stake was 33.86% as of 31 December 2023 ,compared to 33.86% as of 31 December 2022 .
| Bharat Bijlee : Standalone Results | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202312 | 202212 | Var.(%) | 202312 | 202212 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 423.74 | 388.03 | 9.20 | 1,285.01 | 988.72 | 29.97 | 1,418.50 | 1,265.74 | 12.07 | | OPM (%) | 9.20 | 8.41 | 79 bps | 8.57 | 7.95 | 62 bps | 8.27 | 6.61 | 166 bps | | OP | 38.98 | 32.62 | 19.50 | 110.12 | 78.57 | 40.16 | 117.30 | 83.62 | 40.28 | | Other Inc. | 9.59 | 7.09 | 35.26 | 26.18 | 20.71 | 26.41 | 29.06 | 24.02 | 20.98 | | PBIDT | 48.57 | 39.71 | 22.31 | 136.30 | 99.28 | 37.29 | 146.36 | 107.64 | 35.97 | | Interest | 5.32 | 5.84 | -8.90 | 15.77 | 15.17 | 3.96 | 22.07 | 21.02 | 5.00 | | PBDT | 43.25 | 33.87 | 27.69 | 120.53 | 84.11 | 43.30 | 124.29 | 86.62 | 43.49 | | Depreciation | 3.57 | 3.3 | 8.18 | 10.47 | 9.61 | 8.95 | 12.93 | 12.06 | 7.21 | | PBT | 39.68 | 30.57 | 29.80 | 110.06 | 74.5 | 47.73 | 111.36 | 74.56 | 49.36 | | PBT before EO | 39.68 | 30.57 | 29.80 | 110.06 | 74.5 | 47.73 | 111.36 | 74.56 | 49.36 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 39.68 | 30.57 | 29.80 | 110.06 | 74.5 | 47.73 | 111.36 | 74.56 | 49.36 | | Taxation | 9.99 | 7.48 | 33.56 | 27.15 | 18.14 | 49.67 | 28.14 | 18.98 | 48.26 | | PAT | 29.69 | 23.09 | 28.58 | 82.91 | 56.36 | 47.11 | 83.22 | 55.58 | 49.73 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 29.69 | 23.09 | 28.58 | 82.91 | 56.36 | 47.11 | 83.22 | 55.58 | 49.73 | | EPS (Rs)* | 52.53 | 40.86 | 28.58 | 146.70 | 99.72 | 47.11 | 147.25 | 98.34 | 49.73 | | | * EPS is on current equity of Rs 5.65 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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| Bharat Bijlee : Standalone Segment Results | td>-| | Quarter ended | Year to Date | Year ended |
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| % of (Total) | 202312 | 202212 | Var.(%) | % of (Total) | 202312 | 202212 | Var.(%) | % of (Total) | 202303 | 202203 | Var.(%) |
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| Sales | | Industrial Systems | 44.71 | 189.45 | 189.00 | 0.24 | 47.26 | 607.34 | 581.60 | 4.43 | 54.46 | 772.58 | 657.18 | 17.56 | | Works & Construction Contracts | 0.00 | 0.00 | 0.00 | - | | Power Systems | 55.29 | 234.29 | 199.03 | 17.72 | 52.74 | 677.67 | 407.12 | 66.45 | 45.54 | 645.92 | 608.56 | 6.14 | | Total Reported Sales | 100.00 | 423.74 | 388.03 | 9.20 | 100.00 | 1,285.01 | 988.72 | 29.97 | 100.00 | 1,418.50 | 1,265.74 | 12.07 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 423.74 | 388.03 | 9.20 | 100.00 | 1,285.01 | 988.72 | 29.97 | 100.00 | 1,418.50 | 1,265.74 | 12.07 | | PBIT | | Industrial Systems | 32.67 | 18.80 | 29.88 | -37.08 | 44.48 | 69.75 | 93.93 | -25.74 | 70.74 | 118.72 | 95.57 | 24.22 | | Works & Construction Contracts | 0.00 | 0.00 | 0.00 | - | | Power Systems | 67.33 | 38.75 | 19.84 | 95.31 | 55.52 | 87.06 | 19.11 | 355.57 | 29.26 | 49.11 | 30.21 | 62.56 | | Total PBIT | 100.00 | 57.55 | 49.72 | 15.75 | 100.00 | 156.81 | 113.04 | 38.72 | 100.00 | 167.83 | 125.78 | 33.43 | | Less : Interest | | 5.15 | 5.68 | -9.33 | | 15.29 | 14.68 | 4.16 | | 21.58 | 20.36 | 5.99 | | Add: Other un-allcoable | | -12.72 | -13.47 | 5.57 | | -31.46 | -23.86 | -31.85 | | -34.89 | -30.86 | -13.06 | | PBIT Margin(%) | | Industrial Systems | | 9.92 | 15.81 | -588.61 | | 11.48 | 16.15 | -466.58 | | 15.37 | 14.54 | 82.43 | | Works & Construction Contracts | | 0.00 | 0.00 | 0.00 | | Power Systems | | 16.54 | 9.97 | 657.10 | | 12.85 | 4.69 | 815.30 | | 7.60 | 4.96 | 263.89 | | PBT | 100.00 | 39.68 | 30.57 | 29.80 | 100.00 | 110.06 | 74.50 | 47.73 | 100.00 | 111.36 | 74.56 | 49.36 |
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