For
the quarter ending March 2024, consolidated Net sales (including other operating income) of FDC has increased 6.26% to Rs 462.03 crore compared to quarter ended March 2023. Operating profit margin has jumped from 11.26% to 12.19%, leading to 15.05% rise in operating profit to Rs 56.33 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 32.39% to 30.37%. Purchase of finished goods cost rose from 3.46% to 7.05%. Employee cost decreased from 22.66% to 20.93%. Other expenses fell from 30.30% to 30.23%. Other income rose 187.52% to Rs 20.27 crore. PBIDT rose 36.76% to Rs 76.6 crore. Provision for interest fell 18.10% to Rs 0.95 crore. Loan funds declined from Rs 28.32 crore as of 31 March 2023 to Rs 20.52 crore as of 31 March 2024. Inventories rose to Rs 388.89 crore as of 31 March 2024 from Rs 328.54 crore as of 31 March 2023. Sundry debtors were lower at Rs 117.38 crore as of 31 March 2024 compared to Rs 122.65 crore as of 31 March 2023. Cash and bank balance rose to Rs 26.29 crore as of 31 March 2024 from Rs 24.94 crore as of 31 March 2023. Investments rose to Rs 842.78 crore as of 31 March 2024 from Rs 805.79 crore as of 31 March 2023 .
PBDT rose 37.92% to Rs 75.65 crore. Provision for depreciation rose 7.19% to Rs 10.44 crore. Fixed assets increased to Rs 937.56 crore as of 31 March 2024 from Rs 891.82 crore as of 31 March 2023. Intangible assets declined from Rs 5.54 crore to Rs 4.18 crore.
Profit before tax grew 44.56% to Rs 65.21 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 18.93 crore, compared to Rs 14.45 crore. Effective tax rate was 29.03% compared to 32.03%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 50.70% to Rs 46.28 crore. Equity capital decreased from Rs 16.59 crore as of 31 March 2023 to Rs 16.28 crore as of 31 March 2024 . Per share face Value remained same at Rs 1.00.
Promoters’ stake was 69.66% as of 31 March 2024 ,compared to 69.50% as of 31 March 2023 .
Full year results analysis.
Net sales (including other operating income) of FDC has increased 8.92% to Rs 1942.94 crore. Operating profit margin has jumped from 14.07% to 17.42%, leading to 34.89% rise in operating profit to Rs 338.54 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 32.57% to 29.28%. Purchase of finished goods cost rose from 4.73% to 6.26%. Employee cost decreased from 21.73% to 20.71%. Other expenses fell from 27.02% to 26.79%. Other income rose 103.83% to Rs 101.63 crore. PBIDT rose 46.31% to Rs 440.17 crore. Provision for interest fell 1.47% to Rs 4.03 crore. Loan funds declined from Rs 28.32 crore as of 31 March 2023 to Rs 20.52 crore as of 31 March 2024. Inventories rose to Rs 388.89 crore as of 31 March 2024 from Rs 328.54 crore as of 31 March 2023. Sundry debtors were lower at Rs 117.38 crore as of 31 March 2024 compared to Rs 122.65 crore as of 31 March 2023. Cash and bank balance rose to Rs 26.29 crore as of 31 March 2024 from Rs 24.94 crore as of 31 March 2023. Investments rose to Rs 842.78 crore as of 31 March 2024 from Rs 805.79 crore as of 31 March 2023 .
PBDT rose 46.97% to Rs 436.14 crore. Provision for depreciation rose 2.52% to Rs 39.92 crore. Fixed assets increased to Rs 937.56 crore as of 31 March 2024 from Rs 891.82 crore as of 31 March 2023. Intangible assets declined from Rs 5.54 crore to Rs 4.18 crore.
Profit before tax grew 53.69% to Rs 396.22 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 91.16 crore, compared to Rs 63.98 crore. Effective tax rate was 23.01% compared to 24.82%.
Minority interest increased 23.81% to Rs -0.16 crore. Net profit attributable to owners of the company increased 57.30% to Rs 305.22 crore.
Equity capital decreased from Rs 16.59 crore as of 31 March 2023 to Rs 16.28 crore as of 31 March 2024 . Per share face Value remained same at Rs 1.00.
Promoters’ stake was 69.66% as of 31 March 2024 ,compared to 69.50% as of 31 March 2023 .
| FDC : Consolidated Results |
| | Quarter ended | Year ended |
|---|
| Particulars | 202403 | 202303 | Var.(%) | 202403 | 202303 | Var.(%) |
|---|
| Net Sales (including other operating income) | 462.03 | 434.80 | 6.26 | 1,942.94 | 1,783.75 | 8.92 | | OPM (%) | 12.19 | 11.26 | 93 bps | 17.42 | 14.07 | 335 bps | | OP | 56.33 | 48.96 | 15.05 | 338.54 | 250.98 | 34.89 | | Other Inc. | 20.27 | 7.05 | 187.52 | 101.63 | 49.86 | 103.83 | | PBIDT | 76.60 | 56.01 | 36.76 | 440.17 | 300.84 | 46.31 | | Interest | 0.95 | 1.16 | -18.10 | 4.03 | 4.09 | -1.47 | | PBDT | 75.65 | 54.85 | 37.92 | 436.14 | 296.75 | 46.97 | | Depreciation | 10.44 | 9.74 | 7.19 | 39.92 | 38.94 | 2.52 | | PBT | 65.21 | 45.11 | 44.56 | 396.22 | 257.81 | 53.69 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 65.21 | 45.11 | 44.56 | 396.22 | 257.81 | 53.69 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 65.21 | 45.11 | 44.56 | 396.22 | 257.81 | 53.69 | | Taxation | 18.93 | 14.45 | 31.00 | 91.16 | 63.98 | 42.48 | | PAT | 46.28 | 30.66 | 50.95 | 305.06 | 193.83 | 57.39 | | Minority Interest (MI) | 0 | -0.05 | - | -0.16 | -0.21 | 23.81 | | Net profit | 46.28 | 30.71 | 50.70 | 305.22 | 194.04 | 57.30 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 46.28 | 30.71 | 50.70 | 305.22 | 194.04 | 57.30 | | EPS (Rs)* | 2.84 | 1.89 | 50.70 | 18.75 | 11.92 | 57.30 | | | * EPS is on current equity of Rs 16.28 crore, Face value of Rs 1, 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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