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Consolidated net sales (including other operating income) of ISGEC Heavy Engineering has increased 11.59% to Rs 1643.9 crore. Operating profit margin has declined from 9.07% to 8.46%, leading to 4.14% rise in operating profit to Rs 139.11 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 23.65% to 27.90%. Purchase of finished goods cost rose from 30.19% to 31.04%. Employee cost decreased from 9.46% to 9.00%. Other expenses fell from 26.42% to 23.17%. Other direct service cost fell from 11.23% to 9.36%. Other income rose 560.67% to Rs 23.52 crore. PBIDT rose 18.59% to Rs 162.63 crore. Provision for interest fell 58.65% to Rs 8.46 crore. PBDT rose 32.13% to Rs 154.17 crore. Provision for depreciation rose 3.20% to Rs 26.73 crore. Profit before tax grew 40.38% to Rs 127.44 crore. Share of profit/loss was 400% higher at Rs 0.1 crore. Provision for tax was expense of Rs 31.84 crore, compared to Rs 27.1 crore. Effective tax rate was 24.96% compared to 29.85%. Minority interest decreased 19.95% to Rs 3.13 crore. Net profit attributable to owners of the company increased 54.83% to Rs 92.57 crore. For year-to-date (YTD) results analysis.
Net sales (including other operating income) of ISGEC Heavy Engineering has increased 11.36% to Rs 3183.58 crore.
Operating profit margin has declined from 8.29% to 8.29%, leading to 11.29% rise in operating profit to Rs 263.88 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 26.09% to 25.40%. Purchase of finished goods cost rose from 30.32% to 31.51%. Employee cost increased from 8.90% to 9.14%. Other expenses fell from 26.09% to 25.07%. Other direct service cost fell from 11.61% to 10.59%. Other income rose 94.89% to Rs 32.39 crore. PBIDT rose 16.76% to Rs 296.27 crore. Provision for interest fell 50.42% to Rs 19.69 crore. Loan funds declined from Rs 959.22 crore as of 30 September 2023 to Rs 720.68 crore as of 30 September 2024. Inventories rose to Rs 1,282.77 crore as of 30 September 2024 from Rs 1,210.97 crore as of 30 September 2023. Sundry debtors were higher at Rs 2,575.73 crore as of 30 September 2024 compared to Rs 2,555.07 crore as of 30 September 2023. Cash and bank balance declined from Rs 250.75 crore as of 30 September 2023 to Rs 179.16 crore as of 30 September 2024. Investments declined from Rs 152.62 crore as of 30 September 2023 to Rs 114.07 crore as of 30 September 2024. PBDT rose 29.22% to Rs 276.58 crore. Provision for depreciation rose 3.10% to Rs 52.58 crore. Fixed assets increased to Rs 2,004.79 crore as of 30 September 2024 from Rs 1,747.31 crore as of 30 September 2023. Intangible assets declined from Rs 70.24 crore to Rs 10.64 crore. Profit before tax grew 37.40% to Rs 224.00 crore. Share of profit/loss was 33.33% lower at Rs 0.02 crore. Provision for tax was expense of Rs 61.15 crore, compared to Rs 46.83 crore. Effective tax rate was 27.30% compared to 28.72%.Minority interest decreased 16.09% to Rs 4.85 crore. Net profit attributable to owners of the company increased 43.07% to Rs 158.02 crore. Equity capital stood at Rs 7.35 crore as of 30 September 2024 to Rs 7.35 crore as of 30 September 2023. Per share face Value remained same at Rs 1.00. Promoters’ stake was 62.43% as of 30 September 2024 ,compared to 62.43% as of 30 September 2023 .
| ISGEC Heavy Engineering : 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) | 1,643.90 | 1,473.10 | 11.59 | 3,183.58 | 2,858.86 | 11.36 | 6,219.34 | 6,399.04 | -2.81 | | OPM (%) | 8.46 | 9.07 | -61 bps | 8.29 | 8.29 | -1 bps | 8.01 | 7.10 | 90 bps | | OP | 139.11 | 133.58 | 4.14 | 263.88 | 237.12 | 11.29 | 498.06 | 454.61 | 9.56 | | Other Inc. | 23.52 | 3.56 | 560.67 | 32.39 | 16.62 | 94.89 | 25.90 | 12.67 | 104.42 | | PBIDT | 162.63 | 137.14 | 18.59 | 296.27 | 253.74 | 16.76 | 523.96 | 467.28 | 12.13 | | Interest | 8.46 | 20.46 | -58.65 | 19.69 | 39.71 | -50.42 | 63.68 | 72.99 | -12.76 | | PBDT | 154.17 | 116.68 | 32.13 | 276.58 | 214.03 | 29.22 | 460.28 | 394.29 | 16.74 | | Depreciation | 26.73 | 25.9 | 3.20 | 52.58 | 51 | 3.10 | 106.24 | 104.3 | 1.86 | | PBT | 127.44 | 90.78 | 40.38 | 224 | 163.03 | 37.40 | 354.04 | 289.99 | 22.09 | | Share of Profit/(Loss) from Associates | 0.1 | 0.02 | 400.00 | 0.02 | 0.03 | -33.33 | 0.12 | 0.04 | 200.00 | | PBT before EO | 127.54 | 90.8 | 40.46 | 224.02 | 163.06 | 37.39 | 354.16 | 290.03 | 22.11 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 127.54 | 90.8 | 40.46 | 224.02 | 163.06 | 37.39 | 354.16 | 290.03 | 22.11 | | Taxation | 31.84 | 27.1 | 17.49 | 61.15 | 46.83 | 30.58 | 99.29 | 84.49 | 17.52 | | PAT | 95.7 | 63.7 | 50.24 | 162.87 | 116.23 | 40.13 | 254.87 | 205.54 | 24.00 | | Minority Interest (MI) | 3.13 | 3.91 | -19.95 | 4.85 | 5.78 | -16.09 | 11.2 | 9.05 | 23.76 | | Net profit | 92.57 | 59.79 | 54.83 | 158.02 | 110.45 | 43.07 | 243.67 | 196.49 | 24.01 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 92.57 | 59.79 | 54.83 | 158.02 | 110.45 | 43.07 | 243.67 | 196.49 | 24.01 | | EPS (Rs)* | 12.59 | 8.13 | 54.83 | 21.49 | 15.02 | 43.07 | 33.14 | 26.72 | 24.01 | | | * EPS is on current equity of Rs 7.35 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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