Other income rose 22.50% to Rs 0.49 crore. PBIDT rose 38.78% to Rs 35.18 crore. Provision for interest fell 52.32% to Rs 0.72 crore. PBDT rose 44.55% to Rs 34.46 crore. Provision for depreciation rose 80.49% to Rs 2.96 crore.
Profit before tax grew 41.89% to Rs 31.50 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 8.6 crore, compared to Rs 6.13 crore. Effective tax rate was 27.30% compared to 27.61%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 42.50% to Rs 22.90 crore.
- Sales of Communications and signal Processing products segment has gone up 42.46% to Rs 77.74 crore (accounting for 99.78% of total sales). Sales of Health care segment has gone up 7.21% to Rs 0.17 crore (accounting for 0.22% of total sales).
- Profit before interest, tax and other unallocable items (PBIT) has jumped 41.89% to Rs 31.50 crore. PBIT of Communications and signal Processing products segment rose 40.90% to Rs 32.18 crore (accounting for 102.14% of total PBIT). PBIT of Health care segment fell 6.25% to Rs -0.67 crore (accounting for -2.14% of total PBIT).
- PBIT margin of Communications and signal Processing products segment fell from 41.85% to 41.39%. PBIT margin of Health care segment rose from negative 400.82% to negative 397.23%. Overall PBIT margin fell from 40.57% to 40.43%.
- Loan funds declined from Rs 19.78 crore as of 30 September 2023 to Rs 17.27 crore as of 30 September 2024. Inventories rose to Rs 59.75 crore as of 30 September 2024 from Rs 24.76 crore as of 30 September 2023. Sundry debtors were higher at Rs 92.91 crore as of 30 September 2024 compared to Rs 78.72 crore as of 30 September 2023. Cash and bank balance rose to Rs 8.54 crore as of 30 September 2024 from Rs 6.68 crore as of 30 September 2023. Fixed assets increased to Rs 78.81 crore as of 30 September 2024 from Rs 43.03 crore as of 30 September 2023.
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Avantel for the half year ended Sep 2024 has increased 4.79% to Rs 129.18 crore. Operating profit margin has jumped from 31.80% to 37.82%, leading to 24.62% rise in operating profit to Rs 48.85 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 39.34% to 31.47%. Employee cost increased from 13.09% to 19.47% as it include ESOP expenses of Rs 7.3188 crore for the half year ending Septmber 30, 2024. Other expenses rose from 11.28% to 13.25%.
Other income rose 31.67% to Rs 0.79 crore. PBIDT rose 24.72% to Rs 49.64 crore. Provision for interest fell 54.67% to Rs 1.36 crore. Loan funds declined from Rs 19.78 crore as of 30 September 2023 to Rs 17.27 crore as of 30 September 2024. Inventories rose to Rs 59.75 crore as of 30 September 2024 from Rs 24.76 crore as of 30 September 2023. Sundry debtors were higher at Rs 92.91 crore as of 30 September 2024 compared to Rs 78.72 crore as of 30 September 2023. Cash and bank balance rose to Rs 8.54 crore as of 30 September 2024 from Rs 6.68 crore as of 30 September 2023.
PBDT rose 31.20% to Rs 48.28 crore. Provision for depreciation rose 81.31% to Rs 5.82 crore. Fixed assets increased to Rs 78.81 crore as of 30 September 2024 from Rs 43.03 crore as of 30 September 2023.
Profit before tax grew 26.41% to Rs 42.46 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 12.18 crore, compared to Rs 9.51 crore. Effective tax rate was 28.69% compared to 28.31%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 25.75% to Rs 30.28 crore.
- Sales of Communications and signal Processing products segment has gone up 4.93% to Rs 129.69 crore (accounting for 99.78% of total sales). Sales of Health care segment has gone up 0.61% to Rs 0.28 crore (accounting for 0.22% of total sales).
- Profit before interest, tax and other unallocable items (PBIT) has jumped 26.40% to Rs 42.46 crore. PBIT of Communications and signal Processing products segment rose 25.58% to Rs 43.84 crore (accounting for 103.24% of total PBIT). PBIT of Health care segment fell 4.55% to Rs -1.37 crore (accounting for -3.24% of total PBIT).
- PBIT margin of Communications and signal Processing products segment rose from 28.24% to 33.80%. PBIT margin of Health care segment fell from negative 469.87% to negative 488.28%. Overall PBIT margin rose from 27.12% to 32.67%.
Others
Equity capital increased from Rs 16.22 crore as of 30 September 2023 to Rs 48.65 crore as of 30 September 2024. Per share face Value remained same at Rs 2.00.
Promoters’ stake was 40.06% as of 30 September 2024 ,compared to 40.10% as of 30 September 2023 .
Cash flow from operating activities decreased to Rs 18.40 crore for YTD ended September 2024 from Rs 24.89 crore for YTD ended September 2023. Cash flow used in acquiring fixed assets during the YTD ended September 2024 stood at Rs 10.75 crore, compared to Rs 3.25 crore during the YTD ended September 2023.