Other income up 44.55% to Rs 12.07 crore. PBIDT rose 56.80% to Rs 73.82 crore. Provision for interest fell 29.86% to Rs 4.84 crore. PBDT rose 71.68% to Rs 68.98 crore. Provision for depreciation rose 49.70% to Rs 4.97 crore. Profit before tax grew 73.66% to Rs 64.01 crore. Provision for tax was expense of Rs 15.48 crore, compared to Rs 10 crore. Effective tax rate was 24.18% compared to 27.13%. Profit after tax rose 80.68% to Rs 48.53 crore.
Sales of Industrial Systems segment has gone up 10.81% to Rs 211.63 crore (accounting for 36.02% of total sales). Sales of Power Systems segment rose 57.39% to Rs 375.84 crore (accounting for 63.98% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 52.86% to Rs 83.75 crore. PBIT of Industrial Systems segment fell 44.25% to Rs 13.82 crore (accounting for 16.50% of total PBIT). PBIT of Power Systems segment rose 133.10% to Rs 69.93 crore (accounting for 83.50% of total PBIT).
PBIT margin of Industrial Systems segment fell from 12.98% to 6.53%. PBIT margin of Power Systems segment rose from 12.56% to 18.61%. Overall PBIT margin rose from 12.75% to 14.26%.
Full year results analysisNet sales (including other operating income) of Bharat Bijlee has increased 32% to Rs 1,872.48 crore. Sales of Industrial Systems segment has gone up 6.00% to Rs 818.97 crore (accounting for 43.74% of total sales). Sales of Power Systems segment rose 63.10% to Rs 1,053.51 crore (accounting for 56.26% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 43.34% to Rs 240.56 crore. PBIT of Industrial Systems segment fell 29.61% to Rs 83.57 crore (accounting for 34.74% of total PBIT). PBIT of Power Systems segment rose 219.67% to Rs 156.99 crore (accounting for 65.26% of total PBIT).
PBIT margin of Industrial Systems segment fell from 15.37% to 10.20%. PBIT margin of Power Systems segment rose from 7.60% to 14.90%. Overall PBIT margin rose from 11.83% to 12.85%.
Operating profit margin has jumped from 8.27% to 9.18%, leading to 46.52% rise in operating profit to Rs 171.87 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 73.17% to 71.00%. Purchase of finished goods cost fell from 1.76% to 1.69%. Employee cost increased from 9.73% to 9.82%. Other expenses rose from 7.60% to 8.02%.
Other income up 31.62% to Rs 38.25 crore. PBIDT rose 43.56% to Rs 210.12 crore. Provision for interest fell 6.62% to Rs 20.61 crore. PBDT rose 52.47% to Rs 189.51 crore. Provision for depreciation rose 19.41% to Rs 15.44 crore.
Profit before tax grew 56.31% to Rs 174.07 crore. Provision for tax was expense of Rs 42.63 crore, compared to Rs 28.14 crore. Effective tax rate was 24.49% compared to 25.27%.
Profit after tax rose 57.94% to Rs 131.44 crore.
Equity capital stood at Rs 5.65 crore as of 31 March 2024 to Rs 5.65 crore as of 31 March 2023. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 33.72% as of 31 March 2024 ,compared to 33.86% as of 31 March 2023 .
Loan funds declined from Rs 295.12 crore as of 31 March 2023 to Rs 158.42 crore as of 31 March 2024. Inventories declined from Rs 316.66 crore as of 31 March 2023 to Rs 262.35 crore as of 31 March 2024. Sundry debtors were lower at Rs 379.48 crore as of 31 March 2024 compared to Rs 386.21 crore as of 31 March 2023. Cash and bank balance rose to Rs 169.33 crore as of 31 March 2024 from Rs 16.09 crore as of 31 March 2023. Investments rose to Rs 1,324.47 crore as of 31 March 2024 from Rs 890.23 crore as of 31 March 2023 . Fixed assets increased to Rs 129.89 crore as of 31 March 2024 from Rs 108.41 crore as of 31 March 2023. Intangible assets increased from Rs 2.09 crore to Rs 2.65 crore.
Cash flow from operating activities increased to Rs 241.06 crore for year ended March 2024 from Rs 51.68 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 34.03 crore, compared to Rs 15.80 crore during the year ended March 2023.