Capitaline

Other income up 49.43% to Rs 1.3 crore. PBIDT rose 83.36% to Rs 25.78 crore. Provision for interest up 26.85% to Rs 4.11 crore. Loan funds declined from Rs 185.21 crore as of 30 September 2023 to Rs 106.46 crore as of 30 September 2024. Inventories rose to Rs 244.73 crore as of 30 September 2024 from Rs 222.54 crore as of 30 September 2023. Sundry debtors were lower at Rs 38.62 crore as of 30 September 2024 compared to Rs 60.37 crore as of 30 September 2023. Cash and bank balance declined from Rs 74.56 crore as of 30 September 2023 to Rs 65.45 crore as of 30 September 2024.

PBDT rose 100.28% to Rs 21.67 crore. Provision for depreciation rose 150.36% to Rs 3.48 crore. Fixed assets increased to Rs 154.33 crore as of 30 September 2024 from Rs 63.19 crore as of 30 September 2023. Intangible assets increased from Rs 2.30 crore to Rs 33.12 crore.

Profit before tax grew 92.90% to Rs 18.19 crore. Provision for tax was expense of Rs 5.91 crore, compared to Rs 1.45 crore. Effective tax rate was 32.49% compared to 15.38%.

Net sales (including other operating income) of Ratnaveer Precision Engineering for the half year ended Sep 2024 has increased 66.91% to Rs 434.21 crore. Operating profit margin has jumped from 10.69% to 11.30%, leading to 76.55% rise in operating profit to Rs 49.08 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 84.40% to 84.32%. Employee cost decreased from 1.32% to 0.98%. Other expenses fell from 3.99% to 3.61%.

Other income up 37.41% to Rs 1.91 crore. PBIDT rose 74.68% to Rs 50.99 crore. Provision for interest up 33.13% to Rs 8.88 crore. Loan funds declined from Rs 185.21 crore as of 30 September 2023 to Rs 106.46 crore as of 30 September 2024. Inventories rose to Rs 244.73 crore as of 30 September 2024 from Rs 222.54 crore as of 30 September 2023. Sundry debtors were lower at Rs 38.62 crore as of 30 September 2024 compared to Rs 60.37 crore as of 30 September 2023. Cash and bank balance declined from Rs 74.56 crore as of 30 September 2023 to Rs 65.45 crore as of 30 September 2024.

Fund raising

During the quarter ended Sep 2024 , the company received in-principle approvals from both BSE and NSE for raising funds through preferential allotments. This included the issuance of 4,550,349 equity shares at a price of 143 per share, and 2,027,972 warrants convertible into equity shares at the same price, directed towards promoters. From the issuance of warrants, 72.5 million and 650.70 million have been received. The total funds raised from these allotments are allocated towards business expansion, working capital requirements, and general corporate purposes as communicated to shareholders.

Equity capital increased from Rs 48.69 crore as of 30 September 2023 to Rs 60.49 crore as of 30 September 2024. Per share face Value remained same at Rs 10.00.

Cash flow from operating activities has turned positive Rs 45.13 crore for YTD ended September 2024 from negative Rs 11.25 crore for YTD ended September 2023.

Ratnaveer Precision Engineering: Financial Results
	2409 (3)	2309 (3)	Var.(%)	2409 (6)	2309 (6)	Var.(%)	2403 (12)	2303 (12)	Var. (%)
Sales	229.99	142.49	61	434.21	260.15	67	595.38	479.75	24
OPM (%)	10.6	9.3		11.3	10.7		8.4	9.5
OP	24.49	13.18	86	49.08	27.80	77	49.98	45.62	10
Other inc.	1.30	0.87	49	1.91	1.39	38	7.02	1.40	403
PBIDT	25.79	14.05	84	50.99	29.19	75	57.00	47.02	21
Interest	4.11	3.24	27	8.88	6.67	33	12.09	12.29	-2
PBDT	21.68	10.81	100	42.11	22.52	87	44.92	34.73	29
Dep.	3.48	1.39	150	6.47	2.42	167	5.82	4.02	45
PBT	18.20	9.42	93	35.65	20.10	77	39.09	30.71	27
EO Exp	0.00	0.00		0.00	0.00		0.00	0.00
PBT after EO	18.20	9.42	93	35.65	20.10	77	39.09	30.71	27
Provn for taxation	5.91	1.45	309	10.85	3.91	178	8.04	5.67	42
PAT	12.28	7.98	54	24.79	16.19	53	31.05	25.04	24
EPS (Rs)*	#	#		#	#		5.1	4.1
* EPS is on current equity of Rs 60.494 crore, Face value of Rs 10
# EPS is not annualised due to seasonality of business
Figures in Rs crore
Source: Capitaline Corporate Database