Consolidated net sales (including other operating income) of Shivalik Bimetal Controls for the quarter ended Dec 2021 has increased 49.30% to Rs 88.13 crore. Operating profit margin has jumped from 21.29% to 23.33%, leading to 63.56% rise in operating profit to Rs 20.56 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 49.72% to 50.64%. Employee cost decreased from 9.10% to 8.00%. Other expenses fell from 20.11% to 17.90%. Other income rose 51.64% to Rs 1.85 crore. PBIDT rose 62.51% to Rs 22.41 crore. Provision for interest rose 100% to Rs 0.76 crore. PBDT rose 61.45% to Rs 21.65 crore. Provision for depreciation rose 6.67% to Rs 1.6 crore. Profit before tax grew 68.35% to Rs 20.05 crore. Share of profit/loss was 74.51% higher at Rs 0.89 crore. Provision for tax was expense of Rs 5.44 crore, compared to Rs 3.19 crore. Effective tax rate was 25.98% compared to 25.68%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 67.93% to Rs 15.50 crore. Nine month performance
Consolidated net sales (including other operating income) has increased 71.47% to Rs 234.67 crore. Operating profit margin has jumped from 17.16% to 23.11%, leading to 131.01% rise in operating profit to Rs 54.24 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 52.73% to 51.73%. Employee cost decreased from 9.93% to 8.13%. Other expenses fell from 20.94% to 17.98%. Other income rose 36.11% to Rs 3.92 crore. PBIDT rose 120.64% to Rs 58.16 crore. Provision for interest rose 36.84% to Rs 1.56 crore. PBDT rose 124.43% to Rs 56.6 crore. Provision for depreciation rose 3.92% to Rs 4.51 crore. Profit before tax grew 149.47% to Rs 52.09 crore. Share of profit/loss was 167.47% higher at Rs 2.22 crore. Provision for tax was expense of Rs 13.66 crore, compared to Rs 5.55 crore. Effective tax rate was 25.15% compared to 25.56%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 151.55% to Rs 40.65 crore. Others The Board of Directors have announced the payment of interim dividend @ 25% i.e., Rs. 0.50 per equity share of the face value of Rs.2/- each for the FY 2021-22. Promoters’ stake was 60.61% as of 31 December 2021 ,compared to 60.61% as of 31 December 2020 .
| Shivalik Bimetal Controls : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202112 | 202012 | Var.(%) | 202112 | 202012 | Var.(%) | 202103 | 202003 | Var.(%) |
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| Net Sales (including other operating income) | 88.13 | 59.03 | 49.30 | 234.67 | 136.86 | 71.47 | 203.72 | 187.22 | 8.81 | | OPM (%) | 23.33 | 21.29 | 203 bps | 23.11 | 17.16 | 596 bps | 17.74 | 11.08 | 666 bps | | OP | 20.56 | 12.57 | 63.56 | 54.24 | 23.48 | 131.01 | 36.14 | 20.75 | 74.17 | | Other Inc. | 1.85 | 1.22 | 51.64 | 3.92 | 2.88 | 36.11 | 4.05 | 4.41 | -8.16 | | PBIDT | 22.41 | 13.79 | 62.51 | 58.16 | 26.36 | 120.64 | 40.19 | 25.16 | 59.74 | | Interest | 0.76 | 0.38 | 100.00 | 1.56 | 1.14 | 36.84 | 1.63 | 2.94 | -44.56 | | PBDT | 21.65 | 13.41 | 61.45 | 56.60 | 25.22 | 124.43 | 38.56 | 22.22 | 73.54 | | Depreciation | 1.6 | 1.5 | 6.67 | 4.51 | 4.34 | 3.92 | 5.9 | 6.01 | -1.83 | | PBT | 20.05 | 11.91 | 68.35 | 52.09 | 20.88 | 149.47 | 32.66 | 16.21 | 101.48 | | Share of Profit/(Loss) from Associates | 0.89 | 0.51 | 74.51 | 2.22 | 0.83 | 167.47 | 1.67 | 0.69 | 142.03 | | PBT before EO | 20.94 | 12.42 | 68.60 | 54.31 | 21.71 | 150.16 | 34.33 | 16.9 | 103.14 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0.26 | - | | PBT after EO | 20.94 | 12.42 | 68.60 | 54.31 | 21.71 | 150.16 | 34.33 | 17.16 | 100.06 | | Taxation | 5.44 | 3.19 | 70.53 | 13.66 | 5.55 | 146.13 | 8.84 | 3.71 | 138.27 | | PAT | 15.5 | 9.23 | 67.93 | 40.65 | 16.16 | 151.55 | 25.49 | 13.45 | 89.52 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 15.5 | 9.23 | 67.93 | 40.65 | 16.16 | 151.55 | 25.49 | 13.45 | 89.52 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 15.5 | 9.23 | 67.93 | 40.65 | 16.16 | 151.55 | 25.49 | 13.45 | 89.52 | | EPS (Rs)* | 4.04 | 2.40 | 67.93 | 10.59 | 4.21 | 151.55 | 6.64 | 3.45 | 92.38 | | | * EPS is on current equity of Rs 7.68 crore, Face value of Rs 2, 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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