On consolidated basis
Quarter ended September 2024 compared with Quarter ended September 2023.
Net sales (including other operating income) of NDR Auto Components has increased 10.54% to Rs 174.23 crore. Operating profit margin has jumped from 9.74% to 9.96%, leading to 13.09% rise in operating profit to Rs 17.36 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 77.27% to 76.93%. Employee cost increased from 2.60% to 2.98%. Other expenses fell from 10.41% to 10.15%. Other income rose 135.09% to Rs 1.34 crore. PBIDT rose 17.46% to Rs 18.7 crore. Provision for interest rose 26.09% to Rs 0.87 crore. Loan funds rose to Rs 35.71 crore as of 30 September 2024 from Rs 32.48 crore as of 30 September 2023. Inventories rose to Rs 39.51 crore as of 30 September 2024 from Rs 34.67 crore as of 30 September 2023. Sundry debtors were higher at Rs 89.51 crore as of 30 September 2024 compared to Rs 62.89 crore as of 30 September 2023. Cash and bank balance rose to Rs 21.66 crore as of 30 September 2024 from Rs 17.47 crore as of 30 September 2023. Investments rose to Rs 64.44 crore as of 30 September 2024 from Rs 52.65 crore as of 30 September 2023 . PBDT rose 17.07% to Rs 17.83 crore. Provision for depreciation rose 10.28% to Rs 3.97 crore. Fixed assets increased to Rs 169.70 crore as of 30 September 2024 from Rs 153.68 crore as of 30 September 2023. Intangible assets declined from Rs 0.16 crore to Rs 0.09 crore. Profit before tax grew 19.17% to Rs 13.86 crore. Share of profit/loss was 27.50% higher at Rs 2.04 crore. Provision for tax was expense of Rs 3.96 crore, compared to Rs 2.91 crore. Effective tax rate was 24.91% compared to 22.00%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 15.70% to Rs 11.94 crore. Equity capital increased from Rs 11.89 crore as of 30 September 2023 to Rs 23.79 crore as of 30 September 2024. Per share face Value remained same at Rs 10.00. Promoters’ stake was 73.06% as of 30 September 2024 ,compared to 73.06% as of 30 September 2023 .
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of NDR Auto Components has increased 21.13% to Rs 345.53 crore. Operating profit margin has jumped from 9.41% to 9.85%, leading to 26.82% rise in operating profit to Rs 34.05 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 76.97% to 76.98%. Employee cost increased from 2.85% to 2.94%. Other expenses fell from 10.76% to 10.22%. Other income rose 14.52% to Rs 2.13 crore. PBIDT rose 26.02% to Rs 36.18 crore. Provision for interest rose 20.29% to Rs 1.66 crore. Loan funds rose to Rs 35.71 crore as of 30 September 2024 from Rs 32.48 crore as of 30 September 2023. Inventories rose to Rs 39.51 crore as of 30 September 2024 from Rs 34.67 crore as of 30 September 2023. Sundry debtors were higher at Rs 89.51 crore as of 30 September 2024 compared to Rs 62.89 crore as of 30 September 2023. Cash and bank balance rose to Rs 21.66 crore as of 30 September 2024 from Rs 17.47 crore as of 30 September 2023. Investments rose to Rs 64.44 crore as of 30 September 2024 from Rs 52.65 crore as of 30 September 2023 . PBDT rose 26.31% to Rs 34.52 crore. Provision for depreciation rose 11.57% to Rs 7.91 crore. Fixed assets increased to Rs 169.70 crore as of 30 September 2024 from Rs 153.68 crore as of 30 September 2023. Intangible assets declined from Rs 0.16 crore to Rs 0.09 crore. Profit before tax grew 31.47% to Rs 26.61 crore. Share of profit/loss was 14.20% higher at Rs 4.02 crore. Provision for tax was expense of Rs 7.15 crore, compared to Rs 5.2 crore. Effective tax rate was 23.34% compared to 21.89%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 26.51% to Rs 23.48 crore. Equity capital increased from Rs 11.89 crore as of 30 September 2023 to Rs 23.79 crore as of 30 September 2024. Per share face Value remained same at Rs 10.00. Promoters’ stake was 73.06% as of 30 September 2024 ,compared to 73.06% as of 30 September 2023 .
Full year results analysis.
Net sales (including other operating income) of NDR Auto Components has increased 53.16% to Rs 601.57 crore. Operating profit margin has jumped from 8.08% to 9.35%, leading to 77.13% rise in operating profit to Rs 56.22 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 75.65% to 77.43%. Employee cost decreased from 3.14% to 2.82%. Other expenses fell from 13.15% to 10.42%. Other income fell 43.11% to Rs 3.59 crore. PBIDT rose 57.19% to Rs 59.81 crore. Provision for interest rose 59.78% to Rs 2.86 crore. Loan funds declined from Rs 33.72 crore as of 31 March 2023 to Rs 31.17 crore as of 31 March 2024. Inventories declined from Rs 39.34 crore as of 31 March 2023 to Rs 29.73 crore as of 31 March 2024. Sundry debtors were higher at Rs 87.12 crore as of 31 March 2024 compared to Rs 31.10 crore as of 31 March 2023. Cash and bank balance declined from Rs 51.53 crore as of 31 March 2023 to Rs 33.43 crore as of 31 March 2024. Investments rose to Rs 56.43 crore as of 31 March 2024 from Rs 50.51 crore as of 31 March 2023 . PBDT rose 57.06% to Rs 56.95 crore. Provision for depreciation rose 70.39% to Rs 14.79 crore. Fixed assets increased to Rs 158.62 crore as of 31 March 2024 from Rs 146.66 crore as of 31 March 2023. Intangible assets declined from Rs 0.22 crore to Rs 0.12 crore. Profit before tax grew 52.86% to Rs 42.16 crore. Share of profit/loss was 4.33% lower at Rs 7.29 crore. Provision for tax was expense of Rs 10.74 crore, compared to Rs 7.09 crore. Effective tax rate was 21.72% compared to 20.14%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 37.71% to Rs 38.71 crore. Equity capital increased from Rs 5.95 crore as of 31 March 2023 to Rs 11.89 crore as of 31 March 2024. Per share face Value remained same at Rs 10.00. Promoters’ stake was 73.06% as of 31 March 2024 ,compared to 73.95% as of 31 March 2023 . Cash flow from operating activities decreased to Rs 27.41 crore for year ended March 2024 from Rs 48.18 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 34.12 crore, compared to Rs 46.42 crore during the year ended March 2023. Other Highlights
The company has approved the proposal
to acquire approximately 25 acres of land at MITL, AURIC, Bidkin, Chhatrapati
Sambhaji Nagar, Maharashtra, at an estimated cost of Rs 37.63 crore for its
future expansion plans. Additionally, it has acquired 10 acres of land in
Kharkhoda, near the upcoming Maruti Suzuki plant, and is exploring further land
acquisition opportunities in Anantapur, close to Kia’s manufacturing facility.
| NDR Auto Components : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202409 | 202309 | Var.(%) | 202409 | 202309 | Var.(%) | 202403 | 202303 | Var.(%) |
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| Net Sales (including other operating income) | 174.23 | 157.62 | 10.54 | 345.53 | 285.25 | 21.13 | 601.57 | 392.78 | 53.16 | | OPM (%) | 9.96 | 9.74 | 23 bps | 9.85 | 9.41 | 44 bps | 9.35 | 8.08 | 126 bps | | OP | 17.36 | 15.35 | 13.09 | 34.05 | 26.85 | 26.82 | 56.22 | 31.74 | 77.13 | | Other Inc. | 1.34 | 0.57 | 135.09 | 2.13 | 1.86 | 14.52 | 3.59 | 6.31 | -43.11 | | PBIDT | 18.70 | 15.92 | 17.46 | 36.18 | 28.71 | 26.02 | 59.81 | 38.05 | 57.19 | | Interest | 0.87 | 0.69 | 26.09 | 1.66 | 1.38 | 20.29 | 2.86 | 1.79 | 59.78 | | PBDT | 17.83 | 15.23 | 17.07 | 34.52 | 27.33 | 26.31 | 56.95 | 36.26 | 57.06 | | Depreciation | 3.97 | 3.6 | 10.28 | 7.91 | 7.09 | 11.57 | 14.79 | 8.68 | 70.39 | | PBT | 13.86 | 11.63 | 19.17 | 26.61 | 20.24 | 31.47 | 42.16 | 27.58 | 52.86 | | Share of Profit/(Loss) from Associates | 2.04 | 1.6 | 27.50 | 4.02 | 3.52 | 14.20 | 7.29 | 7.62 | -4.33 | | PBT before EO | 15.9 | 13.23 | 20.18 | 30.63 | 23.76 | 28.91 | 49.45 | 35.2 | 40.48 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 15.9 | 13.23 | 20.18 | 30.63 | 23.76 | 28.91 | 49.45 | 35.2 | 40.48 | | Taxation | 3.96 | 2.91 | 36.08 | 7.15 | 5.2 | 37.50 | 10.74 | 7.09 | 51.48 | | PAT | 11.94 | 10.32 | 15.70 | 23.48 | 18.56 | 26.51 | 38.71 | 28.11 | 37.71 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 11.94 | 10.32 | 15.70 | 23.48 | 18.56 | 26.51 | 38.71 | 28.11 | 37.71 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 11.94 | 10.32 | 15.70 | 23.48 | 18.56 | 26.51 | 38.71 | 28.11 | 37.71 | | EPS (Rs)* | 5.02 | 4.34 | 15.70 | 9.87 | 7.80 | 26.51 | 16.27 | 11.82 | 37.71 | | | * EPS is on current equity of Rs 23.79 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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