Results     18-May-23
Analysis
Integra Engineering India
Sales up 16%, net more than doubles
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 endedYear ended
Particulars202303202203Var.(%)202303202203Var.(%)
Net Sales (including other operating income)35.7330.7616.16133.16103.7528.35
OPM (%)19.6212.84678 bps16.0914.18192 bps
OP7.013.9577.4721.4314.7145.68
Other Inc.0.140.15-6.670.571.29-55.81
PBIDT7.154.1074.3922.0016.0037.50
Interest0.270.32-15.621.170.9918.18
PBDT6.883.7882.0120.8315.0138.77
Depreciation0.60.4339.532.161.6630.12
PBT6.283.3587.4618.6713.3539.85
Share of Profit/(Loss) from Associates00-00-
PBT before EO6.283.3587.4618.6713.3539.85
EO Income00-00-
PBT after EO6.283.3587.4618.6713.3539.85
Taxation1.511.1630.170.484.25-88.71
PAT4.772.19117.8118.199.199.89
Minority Interest (MI)00-00-
Net profit4.772.19117.8118.199.199.89
P/(L) from discontinued operations net of tax00-00-
Net profit after discontinued operations4.772.19117.8118.199.199.89
EPS (Rs)*1.390.64117.815.292.6599.89
* 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


Previous News
  Integra Engineering India consolidated net profit rises 4.88% in the December 2021 quarter
 ( Results - Announcements 05-Feb-22   08:14 )
  Integra Engineering India consolidated net profit rises 324.19% in the December 2022 quarter
 ( Results - Announcements 01-Feb-23   16:18 )
  Integra Engineering India consolidated net profit rises 53.47% in the September 2024 quarter
 ( Results - Announcements 12-Nov-24   17:16 )
  Integra Engineering India to declare Quarterly Result
 ( Corporate News - 02-Nov-22   10:31 )
  Integra Engineering India standalone net profit declines 51.95% in the December 2016 quarter
 ( Results - Announcements 03-Feb-17   14:16 )
  Integra Engineering India schedules board meeting
 ( Corporate News - 18-Sep-19   10:56 )
  Integra Engineering India to declare Quarterly Result
 ( Corporate News - 28-Jan-22   12:23 )
  Integra Engineering India standalone net profit rises 337.50% in the June 2018 quarter
 ( Results - Announcements 19-Jul-18   17:07 )
  Integra Engineering India
 ( Results - Analysis 07-Feb-24   03:40 )
  Integra Engineering India consolidated net profit rises 23.13% in the September 2023 quarter
 ( Results - Announcements 31-Oct-23   16:57 )
  Integra Engineering India to hold board meeting
 ( Corporate News - 12-Jul-16   10:27 )
Other Stories
  Firstsource Solutions
  14-Feb-25   20:15
  Kalpataru Projects International
  14-Feb-25   11:24
  United Breweries
  14-Feb-25   10:52
  Hindalco Industries
  14-Feb-25   10:28
  Ipca Laboratories
  14-Feb-25   10:20
  Senco Gold
  14-Feb-25   09:45
  Deepak Nitrite
  14-Feb-25   06:54
  Savita Oil Technologies
  13-Feb-25   19:50
  Endurance Technologies
  13-Feb-25   12:00
  Ashok Leyland
  13-Feb-25   11:48
Back Top