Results     31-May-24
Analysis
Fluidomat
Sales up 10%, net up 26%
Standalone net sales (including other operating income) of Fluidomat for the quarter ended Mar 2024 has increased 9.52% to Rs 15.65 crore.  Operating profit margin has declined from 31.14% to 26.84%, leading to 5.62% decline in operating profit to Rs 4.20 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 37.83% to 37.60%.   Employee cost increased from 19.85% to 20.47%.   Other expenses rose from 12.54% to 15.89%.   

Other income up 829.41% to Rs 1.58 crore.  PBIDT rose 25.11% to Rs 5.78 crore.  Provision for interest remained nil.   

PBDT rose 25.11% to Rs 5.78 crore.  Provision for depreciation rose 42.86% to Rs 0.2 crore.   

Profit before tax grew 24.55% to Rs 5.58 crore.  Provision for tax was expense of Rs 1.43 crore, compared to Rs 1.18 crore.  Effective tax rate was 25.63% compared to 26.34%.

Profit after tax rose 25.76% to Rs 4.15 crore.  

 

Full year results analysis

Net sales (including other operating income) of Fluidomat has increased 20.21% to Rs 55.49 crore.  Operating profit margin has jumped from 26.73% to 26.80%, leading to 20.50% rise in operating profit to Rs 14.87 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 37.01% to 37.53%.   Employee cost decreased from 22.49% to 21.02%.   Other expenses rose from 14.14% to 14.58%.   

Other income up 171.65% to Rs 3.45 crore.  PBIDT rose 34.61% to Rs 18.32 crore.  Provision for interest remained nil.  

PBDT rose 34.61% to Rs 18.32 crore.  Provision for depreciation rose 1.35% to Rs 0.75 crore.  

Profit before tax grew 36.52% to Rs 17.57 crore.  Provision for tax was expense of Rs 4.52 crore, compared to Rs 3.25 crore.  Effective tax rate was 25.73% compared to 25.25%.

Profit after tax rose 35.65% to Rs 13.05 crore.  

Equity capital stood at Rs 4.93 crore as of 31 March 2024 to Rs 4.93 crore as of 31 March 2023.  Per share face Value remained same at Rs 10.00.  

Promoters’ stake was 53.46% as of 31 March 2024 ,compared to 53.59% as of 31 March 2023 .  Promoters pledged stake was 0.65% as of 31 March 2024 ,compared to 0.65% as of 31 March 2023 .  

Loan funds remained nil.  Inventories rose to Rs 6.45 crore as of 31 March 2024 from Rs 6.42 crore as of 31 March 2023.  Sundry debtors were lower at Rs 13.47 crore as of 31 March 2024 compared to Rs 13.65 crore as of 31 March 2023.  Cash and bank balance declined from Rs 2.31 crore as of 31 March 2023 to Rs 1.27 crore as of 31 March 2024.  Investments rose to Rs 5.11 crore as of 31 March 2024 from Rs 3.16 crore as of 31 March 2023 .  

Fixed assets increased to Rs 8.22 crore as of 31 March 2024 from Rs 7.27 crore as of 31 March 2023.  Intangible assets declined from Rs 0.02 crore to Rs 0.01 crore.  



Fluidomat : Standalone Results
Quarter endedYear ended
Particulars202403202303Var.(%)202403202303Var.(%)
Net Sales (including other operating income)15.6514.299.5255.4946.1620.21
OPM (%)26.8431.14-430 bps26.8026.736 bps
OP4.204.45-5.6214.8712.3420.50
Other Inc.1.580.17829.413.451.27171.65
PBIDT5.784.6225.1118.3213.6134.61
Interest00-00-
PBDT5.784.6225.1118.3213.6134.61
Depreciation0.20.1442.860.750.741.35
PBT5.584.4824.5517.5712.8736.52
PBT before EO5.584.4824.5517.5712.8736.52
EO Income00-00-
PBT after EO5.584.4824.5517.5712.8736.52
Taxation1.431.1821.194.523.2539.08
PAT4.153.325.7613.059.6235.65
P/(L) from discontinued operations net of tax00-00-
Net profit after discontinued operations4.153.325.7613.059.6235.65
EPS (Rs)*8.426.6925.7626.4719.5135.65
* EPS is on current equity of Rs 4.93 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


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