For
the quarter ending June 2022, consolidated net sales (including other operating income) of Sandhar Technologies Limited has increased 64.63% to Rs 675.1 crore compared to quarter ended june 2021. Sales of India segment has gone up 81.01% to Rs 576.81 crore (accounting for 85.44% of total sales). Sales of Europe segment has gone up 7.53% to Rs 98.29 crore (accounting for 14.56% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 360.02% to Rs 25.88 crore. PBIT of India segment stood at Rs 21.25 crore compared to loss of Rs 0.35 crore (accounting for 82.12% of total PBIT). PBIT of Europe segment fell 22.63% to Rs 4.63 crore (accounting for 17.88% of total PBIT).
PBIT margin of India segment went up from -0.11% to 3.68%. PBIT margin of Europe segment fell from 6.54% to 4.71%. Overall PBIT margin went up from 1.37 % to 3.83%.
Operating profit margin has jumped from 7.58% to 8.05%, leading to 74.85% rise in operating profit to Rs 54.36 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 57.07% to 63.87%. Employee cost decreased from 16.62% to 13.12%. Other expenses fell from 18.88% to 15.14%. Other income rose 86.88% to Rs 2.99 crore. PBIDT rose 75.44% to Rs 57.35 crore. Provision for interest rose 83.98% to Rs 7.12 crore.
PBDT rose 74.29% to Rs 50.23 crore. Provision for depreciation rose 19.99% to Rs 28.63 crore.
Profit before tax grew 335.48% to Rs 21.60 crore. Share of profit/loss was 10.97% higher at Rs -2.84 crore. Provision for tax was debit of Rs 6.05 crore, compared to credit of Rs 0.34 crore. Effective tax rate was 32.25% compared to negative 19.21%.
Minority interest stood at Rs 0.02 crore compared to loss of Rs 0.11 crore. Net profit attributable to owners of the company increased 471.62% to Rs 12.69 crore. Promoters’ stake was 70.38% as of 30 June 2022 ,compared to 70.37% as of 30 June 2021 .
Full year results analysis.
Net sales (including other operating income) of Sandhar Technologies Limited has increased 24.69% to Rs 2323.7 crore. Sales of India segment has gone up 22.37% to Rs 1,953.68 crore (accounting for 84.08% of total sales). Sales of Europe segment has gone up 38.56% to Rs 370.02 crore (accounting for 15.92% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 6.62% to Rs 100.26 crore. PBIT of India segment rose 1.03% to Rs 84.79 crore (accounting for 84.57% of total PBIT). PBIT of Europe segment rose 53.09% to Rs 15.47 crore (accounting for 15.43% of total PBIT).
PBIT margin of India segment fell from 5.26% to 4.34%. PBIT margin of Europe segment rose from 3.78% to 4.18%. Overall PBIT margin fell from 5.05% to 4.31%.
Operating profit margin has declined from 10.11% to 8.87%, leading to 9.36% rise in operating profit to Rs 206.03 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 58.59% to 61.31%. Employee cost decreased from 14.91% to 13.57%. Other expenses fell from 16.39% to 16.34%. Other income fell 35.25% to Rs 6.98 crore. PBIDT rose 6.94% to Rs 213.01 crore. Provision for interest rose 10.55% to Rs 17.71 crore. Loan funds rose to Rs 614.19 crore as of 31 March 2022 from Rs 310.34 crore as of 31 March 2021. Inventories rose to Rs 259.70 crore as of 31 March 2022 from Rs 211.37 crore as of 31 March 2021. Sundry debtors were higher at Rs 445.37 crore as of 31 March 2022 compared to Rs 392.92 crore as of 31 March 2021. Cash and bank balance declined from Rs 11.12 crore as of 31 March 2021 to Rs 6.62 crore as of 31 March 2022. Investments declined from Rs 58.41 crore as of 31 March 2021 to Rs 53.26 crore as of 31 March 2022.
PBDT rose 6.63% to Rs 195.3 crore. Provision for depreciation rose 6.47% to Rs 100.03 crore. Fixed assets increased to Rs 996.41 crore as of 31 March 2022 from Rs 850.80 crore as of 31 March 2021. Intangible assets increased from Rs 5.53 crore to Rs 73.70 crore.
Profit before tax grew 6.79% to Rs 95.27 crore. Share of profit/loss was 13.57% lower at Rs -12.72 crore. Provision for tax was expense of Rs 25.51 crore, compared to Rs 20.18 crore. Effective tax rate was 31.32% compared to 25.87%.
Minority interest increased 150% to Rs 0.20 crore. Net profit attributable to owners of the company decreased 3.50% to Rs 55.73 crore.
Equity capital stood at Rs 60.19 crore as of 31 March 2022 to Rs 60.19 crore as of 31 March 2021. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 70.38% as of 31 March 2022 ,compared to 70.35% as of 31 March 2021 .
Cash flow from operating activities decreased to Rs 48.62 crore for year ended March 2022 from Rs 123.72 crore for year ended March 2021. Cash flow used in acquiring fixed assets during the year ended March 2022 stood at Rs 297.03 crore, compared to Rs 76.97 crore during the year ended March 2021.
| Sandhar Technologies Limited: Consolidated Results |
| | Quarter ended | Year ended |
|---|
| Particulars | 202206 | 202106 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 675.10 | 410.07 | 64.63 | 2,323.70 | 1,863.57 | 24.69 | | OPM (%) | 8.05 | 7.58 | 47 bps | 8.87 | 10.11 | -124 bps | | OP | 54.36 | 31.09 | 74.85 | 206.03 | 188.40 | 9.36 | | Other Inc. | 2.99 | 1.60 | 86.88 | 6.98 | 10.78 | -35.25 | | PBIDT | 57.35 | 32.69 | 75.44 | 213.01 | 199.18 | 6.94 | | Interest | 7.12 | 3.87 | 83.98 | 17.71 | 16.02 | 10.55 | | PBDT | 50.23 | 28.82 | 74.29 | 195.30 | 183.16 | 6.63 | | Depreciation | 28.63 | 23.86 | 19.99 | 100.03 | 93.95 | 6.47 | | PBT | 21.60 | 4.96 | 335.48 | 95.27 | 89.21 | 6.79 | | Share of Profit/(Loss) from Associates | -2.84 | -3.19 | 10.97 | -12.72 | -11.2 | -13.57 | | PBT before EO | 18.76 | 1.77 | 959.89 | 82.55 | 78.01 | 5.82 | | EO Income | 0 | 0 | - | -1.11 | 0 | - | | PBT after EO | 18.76 | 1.77 | 959.89 | 81.44 | 78.01 | 4.40 | | Taxation | 6.05 | -0.34 | PL | 25.51 | 20.18 | 26.41 | | PAT | 12.71 | 2.11 | 502.37 | 55.93 | 57.83 | -3.29 | | Minority Interest (MI) | 0.02 | -0.11 | PL | 0.2 | 0.08 | 150.00 | | Net profit | 12.69 | 2.22 | 471.62 | 55.73 | 57.75 | -3.50 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 12.69 | 2.22 | 471.62 | 55.73 | 57.75 | -3.50 | | EPS (Rs)* | 2.11 | 0.31 | 578.61 | 9.39 | 9.59 | -2.11 | | | * EPS is on current equity of Rs 60.19 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 |
|
| Sandhar Technologies : Consolidated Segment results |
|
|
|
|
|
| Sales |
% of Total 2206(3) |
2206(3) |
2106 (3) |
Var. (%) |
% of Total 2203(12) |
2203 (12) |
2103 (12) |
Var. (%) |
| India |
85.44% |
576.81 |
318.66 |
81.01% |
84.08% |
1953.68 |
1596.52 |
22.37% |
| Europe |
14.56% |
98.29 |
91.41 |
7.53% |
15.92% |
370.02 |
267.05 |
38.56% |
| Total
Reportable Segment |
675.10 |
410.07 |
64.63% |
|
2323.70 |
1863.57 |
24.69% |
| Un allocated |
|
0.00 |
0.00 |
0.00% |
|
0.00 |
0.00 |
0.00% |
| Total |
|
675.10 |
410.07 |
64.63% |
|
2323.70 |
1863.57 |
24.69% |
| Less: Inter
segment revenues |
0.00 |
0.00 |
0.00% |
|
0.00 |
0.00 |
0.00% |
| Net sales |
|
675.10 |
410.07 |
64.63% |
|
2323.70 |
1863.57 |
24.69% |
| PBIT |
|
|
|
|
|
|
|
|
| India |
82.12% |
21.25 |
-0.35 |
-6103.95% |
84.57% |
84.79 |
83.93 |
1.03% |
| Europe |
17.88% |
4.63 |
5.98 |
-22.63% |
15.43% |
15.47 |
10.11 |
53.02% |
| Total |
|
25.88 |
5.63 |
360.02% |
|
100.26 |
94.04 |
6.62% |
| Less: Int |
|
7.12 |
3.87 |
83.99% |
|
17.71 |
16.02 |
10.55% |
| Execptional items |
|
0.00 |
0.00 |
0.00% |
|
1.11 |
0.00 |
100.00% |
| PBT |
|
18.76 |
1.76 |
968.34% |
|
81.44 |
78.02 |
4.39% |
| LP: Loss to profit |
|
|
|
|
|
|
|
|
| PL: Profit to Loss |
|
|
|
|
|
|
|
|
| Figures in Rs crore |
|
|
|
|
|
|
|
|
| Source:
Capitaline Corporate Database |
|
|
|
|
|
|