Consolidated net sales (including other operating income) of Integra Engineering India for the quarter ended Mar 2023 has increased 16.16% to Rs 35.73 crore. Operating profit margin has jumped from 12.84% to 19.62%, leading to 77.47% rise in operating profit to Rs 7.01 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 59.80% to 52.26%. Purchase of finished goods cost fell from 0.83% to 0.33%. Employee cost increased from 8.73% to 9.54%. Other expenses rose from 17.97% to 18.53%. Other income fell 6.67% to Rs 0.14 crore. PBIDT rose 74.39% to Rs 7.15 crore. Provision for interest fell 15.62% to Rs 0.27 crore. PBDT rose 82.01% to Rs 6.88 crore. Provision for depreciation rose 39.53% to Rs 0.6 crore. Profit before tax grew 87.46% to Rs 6.28 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 1.51 crore, compared to Rs 1.16 crore. Effective tax rate was 24.04% compared to 34.63%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 117.81% to Rs 4.77 crore. Full year results analysis. Net sales (including other operating income) of Integra Engineering India has increased 28.35% to Rs 133.16 crore. Operating profit margin has jumped from 14.18% to 16.09%, leading to 45.68% rise in operating profit to Rs 21.43 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 59.21% to 54.90%. Purchase of finished goods cost fell from 0.63% to 0.52%. Employee cost increased from 9.71% to 9.80%. Other expenses rose from 17.24% to 18.60%. Other income fell 55.81% to Rs 0.57 crore. PBIDT rose 37.50% to Rs 22 crore. Provision for interest rose 18.18% to Rs 1.17 crore. PBDT rose 38.77% to Rs 20.83 crore. Provision for depreciation rose 30.12% to Rs 2.16 crore. Profit before tax grew 39.85% to Rs 18.67 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 0.48 crore, compared to Rs 4.25 crore. Effective tax rate was 2.57% compared to 31.84%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 99.89% to Rs 18.19 crore. Other developments Equity capital increased from Rs 3.42 crore as of 31 March 2022 to Rs 3.44 crore as of 31 March 2023. Per share face Value remained same at Rs 1.00. Promoters’ stake was 54.48% as of 31 March 2023 ,compared to 54.67% as of 31 March 2022 . Loan funds declined from Rs 36.92 crore as of 31 March 2022 to Rs 19.86 crore as of 31 March 2023. Inventories declined from Rs 28.65 crore as of 31 March 2022 to Rs 28.22 crore as of 31 March 2023. Sundry debtors were lower at Rs 36.05 crore as of 31 March 2023 compared to Rs 45.32 crore as of 31 March 2022. Cash and bank balance rose to Rs 7.68 crore as of 31 March 2023 from Rs 5.64 crore as of 31 March 2022. Fixed assets increased to Rs 24.69 crore as of 31 March 2023 from Rs 19.06 crore as of 31 March 2022. Intangible assets increased from Rs 0.27 crore to Rs 0.54 crore. Cash flow from operating activities has turned positive Rs 9.21 crore for year ended March 2023 from negative Rs 7.29 crore for year ended March 2022. Cash flow used in acquiring fixed assets during the year ended March 2023 stood at Rs 7.84 crore, compared to Rs 4.64 crore during the year ended March 2022.
Integra Engineering India : Consolidated Results | | Quarter ended | Year ended |
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Particulars | 202303 | 202203 | Var.(%) | 202303 | 202203 | Var.(%) |
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Net Sales (including other operating income) | 35.73 | 30.76 | 16.16 | 133.16 | 103.75 | 28.35 | OPM (%) | 19.62 | 12.84 | 678 bps | 16.09 | 14.18 | 192 bps | OP | 7.01 | 3.95 | 77.47 | 21.43 | 14.71 | 45.68 | Other Inc. | 0.14 | 0.15 | -6.67 | 0.57 | 1.29 | -55.81 | PBIDT | 7.15 | 4.10 | 74.39 | 22.00 | 16.00 | 37.50 | Interest | 0.27 | 0.32 | -15.62 | 1.17 | 0.99 | 18.18 | PBDT | 6.88 | 3.78 | 82.01 | 20.83 | 15.01 | 38.77 | Depreciation | 0.6 | 0.43 | 39.53 | 2.16 | 1.66 | 30.12 | PBT | 6.28 | 3.35 | 87.46 | 18.67 | 13.35 | 39.85 | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | PBT before EO | 6.28 | 3.35 | 87.46 | 18.67 | 13.35 | 39.85 | EO Income | 0 | 0 | - | 0 | 0 | - | PBT after EO | 6.28 | 3.35 | 87.46 | 18.67 | 13.35 | 39.85 | Taxation | 1.51 | 1.16 | 30.17 | 0.48 | 4.25 | -88.71 | PAT | 4.77 | 2.19 | 117.81 | 18.19 | 9.1 | 99.89 | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | Net profit | 4.77 | 2.19 | 117.81 | 18.19 | 9.1 | 99.89 | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | Net profit after discontinued operations | 4.77 | 2.19 | 117.81 | 18.19 | 9.1 | 99.89 | EPS (Rs)* | 1.39 | 0.64 | 117.81 | 5.29 | 2.65 | 99.89 | | * EPS is on current equity of Rs 3.44 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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