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Standalone net sales (including other operating income) of Precision Wires India for the quarter ended Sep 2024 has increased 25.84% to Rs 1,043.79 crore. Operating profit margin has declined from 4.24% to 4.05%, leading to 20.13% rise in operating profit to Rs 42.26 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 90.83% to 91.28%. Employee cost decreased from 1.20% to 1.11%. Other expenses fell from 3.60% to 3.39%. Power and Oil fuel cost fell from 1.17% to 0.96%. PBIDT rose 20.13% to Rs 42.26 crore. Provision for interest up 38.68% to Rs 12.01 crore. PBDT rose 14.06% to Rs 30.25 crore. Provision for depreciation rose 3.79% to Rs 4.38 crore. Profit before tax grew 16.01% to Rs 25.87 crore. Provision for tax was expense of Rs 6.6 crore, compared to Rs 5.95 crore. Effective tax rate was 25.51% compared to 26.68%. Profit after tax rose 17.86% to Rs 19.27 crore. For year-to-date (YTD) results analysis
Net sales (including other operating income) of Precision Wires India has increased 22.47% to Rs 1,998.98 crore.
Operating profit margin has jumped from 4.38% to 4.38%, leading to 22.48% rise in operating profit to Rs 87.50 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 91.08% to 91.39%. Employee cost decreased from 1.20% to 1.11%. Other expenses fell from 3.34% to 3.17%. Power and Oil fuel cost fell from 1.11% to 0.88%. PBIDT rose 22.48% to Rs 87.5 crore. Provision for interest up 22.58% to Rs 22.91 crore. Loan funds rose to Rs 104.47 crore as of 30 September 2024 from Rs 47.56 crore as of 30 September 2023. Inventories rose to Rs 291.43 crore as of 30 September 2024 from Rs 208.07 crore as of 30 September 2023. Sundry debtors were higher at Rs 514.03 crore as of 30 September 2024 compared to Rs 429.18 crore as of 30 September 2023. Cash and bank balance rose to Rs 55.42 crore as of 30 September 2024 from Rs 44.79 crore as of 30 September 2023. Investments declined from Rs 52.60 crore as of 30 September 2023 to Rs 35.36 crore as of 30 September 2024. PBDT rose 22.45% to Rs 64.59 crore. Provision for depreciation rose 7.51% to Rs 8.88 crore. Fixed assets increased to Rs 196.78 crore as of 30 September 2024 from Rs 143.66 crore as of 30 September 2023. Profit before tax grew 25.22% to Rs 55.71 crore. Provision for tax was expense of Rs 14.21 crore, compared to Rs 11.6 crore. Effective tax rate was 25.51% compared to 26.07%.Profit after tax rose 26.18% to Rs 41.50 crore. Equity capital stood at Rs 17.87 crore as of 30 September 2024 to Rs 17.87 crore as of 30 September 2023. Per share face Value remained same at Rs 1.00. Promoters’ stake was 57.93% as of 30 September 2024 ,compared to 57.93% as of 30 September 2023 . Cash flow from operating activities increased to Rs 35.13 crore for YTD ended September 2024 from Rs 31.26 crore for YTD ended September 2023. Cash flow used in acquiring fixed assets during the YTD ended September 2024 stood at Rs 47.53 crore, compared to Rs 25.70 crore during the YTD ended September 2023.
| Precision Wires India : Standalone 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) | 1,043.79 | 829.44 | 25.84 | 1,998.98 | 1,632.18 | 22.47 | 3,321.00 | 3,055.47 | 8.69 | | OPM (%) | 4.05 | 4.24 | -19 bps | 4.38 | 4.38 | 0 bps | 4.62 | 4.20 | 42 bps | | OP | 42.26 | 35.18 | 20.13 | 87.50 | 71.44 | 22.48 | 153.33 | 128.36 | 19.45 | | Other Inc. | 0.00 | 0.00 | - | 0.00 | 0.00 | - | 0.00 | 0.00 | - | | PBIDT | 42.26 | 35.18 | 20.13 | 87.50 | 71.44 | 22.48 | 153.33 | 128.36 | 19.45 | | Interest | 12.01 | 8.66 | 38.68 | 22.91 | 18.69 | 22.58 | 37.13 | 32.91 | 12.82 | | PBDT | 30.25 | 26.52 | 14.06 | 64.59 | 52.75 | 22.45 | 116.20 | 95.45 | 21.74 | | Depreciation | 4.38 | 4.22 | 3.79 | 8.88 | 8.26 | 7.51 | 17.4 | 14.17 | 22.79 | | PBT | 25.87 | 22.30 | 16.01 | 55.71 | 44.49 | 25.22 | 98.8 | 81.28 | 21.56 | | PBT before EO | 25.87 | 22.3 | 16.01 | 55.71 | 44.49 | 25.22 | 98.8 | 81.28 | 21.56 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 25.87 | 22.3 | 16.01 | 55.71 | 44.49 | 25.22 | 98.8 | 81.28 | 21.56 | | Taxation | 6.6 | 5.95 | 10.92 | 14.21 | 11.6 | 22.50 | 25.95 | 21.79 | 19.09 | | PAT | 19.27 | 16.35 | 17.86 | 41.5 | 32.89 | 26.18 | 72.85 | 59.49 | 22.46 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 19.27 | 16.35 | 17.86 | 41.5 | 32.89 | 26.18 | 72.85 | 59.49 | 22.46 | | EPS (Rs)* | 1.08 | 0.92 | 17.86 | 2.32 | 1.84 | 26.18 | 4.08 | 3.33 | 22.46 | | | * EPS is on current equity of Rs 17.87 crore, Face value of Rs 1, 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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