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Consolidated net sales (including other operating income) of Josts Engineering Company for the quarter ended Sep 2024 has increased 52.60% to Rs 62.58 crore. Sales of MATERIAL HANDLING segment has gone up 50.38% to Rs 33.85 crore (accounting for 54.09% of total sales). Sales of ENGINEERED PRODUCCTS segment has gone up 65.57% to Rs 25.25 crore (accounting for 40.35% of total sales). Sales of MHE SUBSIDIARY segment rose 7.08% to Rs 3.48 crore (accounting for 5.56% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 103.74% to Rs 9.25 crore. PBIT of MATERIAL HANDLING segment rose 235.67% to Rs 5.27 crore (accounting for 56.97% of total PBIT). PBIT of ENGINEERED PRODUCCTS segment rose 36.70% to Rs 3.65 crore (accounting for 39.46% of total PBIT). PBIT of MHE SUBSIDIARY segment rose 6.45% to Rs 0.33 crore (accounting for 3.57% of total PBIT). PBIT margin of MATERIAL HANDLING segment rose from 6.97% to 15.57%. PBIT margin of ENGINEERED PRODUCCTS segment fell from 17.51% to 14.46%. PBIT margin of MHE SUBSIDIARY segment fell from 9.54% to 9.48%. Overall PBIT margin rose from 11.07% to 14.78%. Operating profit margin has jumped from 9.73% to 13.92%, leading to 118.30% rise in operating profit to Rs 8.71 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 18.56% to 29.52%. Purchase of finished goods cost fell from 40.17% to 31.58%. Employee cost decreased from 17.49% to 13.05%. Other expenses fell from 14.23% to 11.54%. Other income fell 94.44% to Rs 0.01 crore. PBIDT rose 109.11% to Rs 8.72 crore. Provision for interest rose 87.50% to Rs 0.45 crore. Loan funds rose to Rs 12.85 crore as of 30 September 2024 from Rs 9.86 crore as of 30 September 2023. Inventories rose to Rs 15.76 crore as of 30 September 2024 from Rs 13.21 crore as of 30 September 2023. Sundry debtors were higher at Rs 57.32 crore as of 30 September 2024 compared to Rs 34.56 crore as of 30 September 2023. Cash and bank balance rose to Rs 6.73 crore as of 30 September 2024 from Rs 4.91 crore as of 30 September 2023. Investments declined from Rs 0.28 crore as of 30 September 2023 to Rs 0.17 crore as of 30 September 2024. PBDT rose 110.43% to Rs 8.27 crore. Provision for depreciation rose 22.22% to Rs 0.99 crore. Fixed assets increased to Rs 33.64 crore as of 30 September 2024 from Rs 20.68 crore as of 30 September 2023. Intangible assets declined from Rs 0.15 crore to Rs 0.11 crore. Profit before tax grew 133.33% to Rs 7.28 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 2.15 crore, compared to Rs 0.92 crore. Effective tax rate was 29.53% compared to 29.49%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 133.18% to Rs 5.13 crore. For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Josts Engineering Company has increased 50.26% to Rs 119.02 crore. Sales of MATERIAL HANDLING segment has gone up 24.47% to Rs 56.62 crore (accounting for 47.57% of total sales). Sales of ENGINEERED PRODUCCTS segment has gone up 103.23% to Rs 55.36 crore (accounting for 46.51% of total sales). Sales of MHE SUBSIDIARY segment rose 8.64% to Rs 7.04 crore (accounting for 5.91% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 107.37% to Rs 16.03 crore. PBIT of MATERIAL HANDLING segment rose 132.06% to Rs 6.66 crore (accounting for 41.55% of total PBIT). PBIT of ENGINEERED PRODUCCTS segment rose 115.06% to Rs 8.71 crore (accounting for 54.34% of total PBIT). PBIT of MHE SUBSIDIARY segment fell 21.43% to Rs 0.66 crore (accounting for 4.12% of total PBIT). PBIT margin of MATERIAL HANDLING segment rose from 6.31% to 11.76%. PBIT margin of ENGINEERED PRODUCCTS segment rose from 14.87% to 15.73%. PBIT margin of MHE SUBSIDIARY segment fell from 12.96% to 9.38%. Overall PBIT margin rose from 9.76% to 13.47%. Operating profit margin has jumped from 8.08% to 12.17%, leading to 126.41% rise in operating profit to Rs 14.49 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 27.26% to 23.42%. Purchase of finished goods cost rose from 31.60% to 38.77%. Employee cost decreased from 17.95% to 13.06%. Other expenses fell from 15.08% to 12.52%. Other income rose 65.22% to Rs 0.38 crore. PBIDT rose 124.28% to Rs 14.87 crore. Provision for interest rose 61.54% to Rs 0.84 crore. Loan funds rose to Rs 12.85 crore as of 30 September 2024 from Rs 9.86 crore as of 30 September 2023. Inventories rose to Rs 15.76 crore as of 30 September 2024 from Rs 13.21 crore as of 30 September 2023. Sundry debtors were higher at Rs 57.32 crore as of 30 September 2024 compared to Rs 34.56 crore as of 30 September 2023. Cash and bank balance rose to Rs 6.73 crore as of 30 September 2024 from Rs 4.91 crore as of 30 September 2023. Investments declined from Rs 0.28 crore as of 30 September 2023 to Rs 0.17 crore as of 30 September 2024. PBDT rose 129.62% to Rs 14.03 crore. Provision for depreciation rose 26.67% to Rs 1.9 crore. Fixed assets increased to Rs 33.64 crore as of 30 September 2024 from Rs 20.68 crore as of 30 September 2023. Intangible assets declined from Rs 0.15 crore to Rs 0.11 crore. Profit before tax grew 163.12% to Rs 12.13 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 3.34 crore, compared to Rs 1.22 crore. Effective tax rate was 27.54% compared to 26.46%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 159.29% to Rs 8.79 crore. Equity capital increased from Rs 0.93 crore as of 30 September 2023 to Rs 0.98 crore as of 30 September 2024. Per share face Value remained same at Rs 2.00. Promoters’ stake was 47.20% as of 30 September 2024 ,compared to 49.48% as of 30 September 2023 . Cash flow from operating activities increased to Rs 8.98 crore for YTD ended September 2024 from Rs 5.94 crore for YTD ended September 2023. Cash flow used in acquiring fixed assets during the YTD ended September 2024 stood at Rs 4.95 crore, compared to Rs 1.65 crore during the YTD ended September 2023.
| Josts Engineering Company : 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) | 62.58 | 41.01 | 52.60 | 119.02 | 79.21 | 50.26 | 187.44 | 172.39 | 8.73 | | OPM (%) | 13.92 | 9.73 | 419 bps | 12.17 | 8.08 | 409 bps | 9.45 | 8.31 | 114 bps | | OP | 8.71 | 3.99 | 118.30 | 14.49 | 6.40 | 126.41 | 17.72 | 14.33 | 23.66 | | Other Inc. | 0.01 | 0.18 | -94.44 | 0.38 | 0.23 | 65.22 | 0.77 | 0.60 | 28.33 | | PBIDT | 8.72 | 4.17 | 109.11 | 14.87 | 6.63 | 124.28 | 18.49 | 14.93 | 23.84 | | Interest | 0.45 | 0.24 | 87.50 | 0.84 | 0.52 | 61.54 | 1.65 | 1.59 | 3.77 | | PBDT | 8.27 | 3.93 | 110.43 | 14.03 | 6.11 | 129.62 | 16.84 | 13.34 | 26.24 | | Depreciation | 0.99 | 0.81 | 22.22 | 1.9 | 1.5 | 26.67 | 3.14 | 3.25 | -3.38 | | PBT | 7.28 | 3.12 | 133.33 | 12.13 | 4.61 | 163.12 | 13.7 | 10.09 | 35.78 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 7.28 | 3.12 | 133.33 | 12.13 | 4.61 | 163.12 | 13.7 | 10.09 | 35.78 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 7.28 | 3.12 | 133.33 | 12.13 | 4.61 | 163.12 | 13.7 | 10.09 | 35.78 | | Taxation | 2.15 | 0.92 | 133.70 | 3.34 | 1.22 | 173.77 | 3.8 | 2.78 | 36.69 | | PAT | 5.13 | 2.2 | 133.18 | 8.79 | 3.39 | 159.29 | 9.9 | 7.31 | 35.43 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0.23 | - | | Net profit | 5.13 | 2.2 | 133.18 | 8.79 | 3.39 | 159.29 | 9.9 | 7.08 | 39.83 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 5.13 | 2.2 | 133.18 | 8.79 | 3.39 | 159.29 | 9.9 | 7.08 | 39.83 | | EPS (Rs)* | 10.49 | 4.50 | 133.18 | 17.98 | 6.93 | 159.29 | 20.25 | 14.48 | 39.83 | | | * EPS is on current equity of Rs 0.98 crore, Face value of Rs 2, 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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| Josts Engineering Company : Consolidated Segment Results | td>-| | Quarter ended | Year to Date | Year ended |
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| % of (Total) | 202409 | 202309 | Var.(%) | % of (Total) | 202409 | 202309 | Var.(%) | % of (Total) | 202403 | 202303 | Var.(%) |
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| Sales | | MATERIAL HANDLING | 54.09 | 33.85 | 22.51 | 50.38 | 47.57 | 56.62 | 45.49 | 24.47 | 55.42 | 103.88 | 99.44 | 4.47 | | ENGINEERED PRODUCCTS | 40.35 | 25.25 | 15.25 | 65.57 | 46.51 | 55.36 | 27.24 | 103.23 | 37.27 | 69.85 | 59.44 | 17.51 | | MHE SUBSIDIARY | 5.56 | 3.48 | 3.25 | 7.08 | 5.91 | 7.04 | 6.48 | 8.64 | 6.98 | 13.09 | 13.51 | -3.11 | | JECL Engineering | 0.00 | 0.00 | 0.00 | - | | JECL Engineering INC | 0.00 | 0.00 | 0.00 | - | | Total Reported Sales | 100.00 | 62.58 | 41.01 | 52.60 | 100.00 | 119.02 | 79.21 | 50.26 | 100.00 | 187.44 | 172.39 | 8.73 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 62.58 | 41.01 | 52.60 | 100.00 | 119.02 | 79.21 | 50.26 | 100.00 | 187.44 | 172.39 | 8.73 | | PBIT | | MATERIAL HANDLING | 56.97 | 5.27 | 1.57 | 235.67 | 41.55 | 6.66 | 2.87 | 132.06 | 44.07 | 8.99 | 4.15 | 116.63 | | ENGINEERED PRODUCCTS | 39.46 | 3.65 | 2.67 | 36.70 | 54.34 | 8.71 | 4.05 | 115.06 | 47.21 | 9.63 | 9.66 | -0.31 | | MHE SUBSIDIARY | 3.57 | 0.33 | 0.31 | 6.45 | 4.12 | 0.66 | 0.84 | -21.43 | 7.60 | 1.55 | 2.11 | -26.54 | | JECL Engineering | 0.00 | 0.00 | -0.01 | - | | JECL Engineering INC | 0.00 | 0.00 | 0.00 | - | 1.18 | 0.24 | -0.01 | LP | | Total PBIT | 100.00 | 9.25 | 4.54 | 103.74 | 100.00 | 16.03 | 7.73 | 107.37 | 100.00 | 20.40 | 15.91 | 28.22 | | Less : Interest | | 0.45 | 0.24 | 87.50 | | 0.84 | 0.52 | 61.54 | | 1.65 | 1.59 | 3.77 | | Add: Other un-allcoable | | -1.52 | -1.18 | -28.81 | | -3.06 | -2.60 | -17.69 | | -5.05 | -4.23 | -19.39 | | PBIT Margin(%) | | MATERIAL HANDLING | | 15.57 | 6.97 | 859.40 | | 11.76 | 6.31 | 545.35 | | 8.65 | 4.17 | 448.08 | | ENGINEERED PRODUCCTS | | 14.46 | 17.51 | -305.28 | | 15.73 | 14.87 | 86.55 | | 13.79 | 16.25 | -246.50 | | MHE SUBSIDIARY | | 9.48 | 9.54 | -5.57 | | 9.38 | 12.96 | -358.80 | | 11.84 | 15.62 | -377.70 | | JECL Engineering | | 0.00 | 0.00 | 0.00 | | JECL Engineering INC | | 0.00 | 0.00 | 0.00 | | 38.71 | 0.00 | 3,870.97 | | PBT | 100.00 | 7.28 | 3.12 | 133.33 | 100.00 | 12.13 | 4.61 | 163.12 | 100.00 | 13.70 | 10.09 | 35.78 |
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