Results     20-Jan-25
Analysis
Avantel
Sales up 19%, net up 23%
Consolidated net sales (including other operating income) of Avantel for the quarter ended Dec 2024 has increased 19.13% to Rs 70.68 crore.  Operating profit margin has jumped from 41.19% to 45.33%, leading to 31.10% rise in operating profit to Rs 32.04 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 28.04% to 33.86%.   Employee cost increased from 15.67% to 16.73%.   Other expenses fell from 14.01% to 11.32%.   

Other income rose 41.67% to Rs 0.51 crore.  PBIDT rose 31.25% to Rs 32.55 crore.  Provision for interest rose 17.24% to Rs 1.02 crore.  PBDT rose 31.76% to Rs 31.53 crore.  Provision for depreciation rose 65.76% to Rs 3.05 crore.  Profit before tax grew 28.93% to Rs 28.48 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 8.4 crore, compared to Rs 5.77 crore.  Effective tax rate was 29.49% compared to 26.12%. Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 23.04% to Rs 20.08 crore.  

Sales of Communications and signal Processing products segment has gone up 19.33% to Rs 70.93 crore (accounting for 99.63% of total sales).  Sales of Health care segment has gone up 9.24% to Rs 0.26 crore (accounting for 0.37% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 28.92% to Rs 28.49 crore.  PBIT of Communications and signal Processing products segment rose 28.86% to Rs 29.31 crore (accounting for 102.89% of total PBIT).  PBIT of Health care segment fell 26.63% to Rs -0.82 crore (accounting for -2.89% of total PBIT).  

PBIT margin of Communications and signal Processing products segment rose from 38.26% to 41.32%.  PBIT margin of Health care segment fell from negative 270.83% to negative 313.94%.  Overall PBIT margin rose from 37.02% to 40.01%.  

For year-to-date (YTD) results analysis.

Net sales (including other operating income) of Avantel has increased 9.45% to Rs 199.86 crore.  Sales of Communications and signal Processing products segment has gone up 9.60% to Rs 200.63 crore (accounting for 99.73% of total sales).  Sales of Health care segment has gone up 4.58% to Rs 0.54 crore (accounting for 0.27% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 27.40% to Rs 70.95 crore.  PBIT of Communications and signal Processing products segment rose 26.87% to Rs 73.15 crore (accounting for 103.10% of total PBIT).  PBIT of Health care segment fell 11.85% to Rs -2.20 crore (accounting for -3.10% of total PBIT).  

PBIT margin of Communications and signal Processing products segment rose from 31.50% to 36.46%.  PBIT margin of Health care segment fell from negative 377.93% to negative 404.23%.  Overall PBIT margin rose from 30.34% to 35.27%.  

Operating profit margin has jumped from 34.85% to 40.48%, leading to 27.12% rise in operating profit to Rs 80.90 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 35.41% to 32.38%.   Employee cost increased from 14.00% to 18.43%.   Other expenses rose from 12.23% to 12.51%.   

Other income rose 36.46% to Rs 1.31 crore.  PBIDT rose 27.26% to Rs 82.21 crore.  Provision for interest fell 38.24% to Rs 2.39 crore.  

PBDT rose 31.43% to Rs 79.82 crore.  Provision for depreciation rose 75.99% to Rs 8.87 crore.  

Profit before tax grew 27.40% to Rs 70.95 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 20.59 crore, compared to Rs 15.29 crore.  Effective tax rate was 29.02% compared to 27.46%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 24.65% to Rs 50.36 crore.  

Promoters’ stake was 38.58% as of 31 December 2024 ,compared to 40.10% as of 31 December 2023 .  


 


Avantel : Consolidated Results
 Quarter endedYear to DateYear ended
Particulars202412202312Var.(%)202412202312Var.(%)202403202303Var.(%)
Net Sales (including other operating income)70.6859.3319.13199.86182.619.45224.37154.4545.27
OPM (%)45.3341.19414 bps40.4834.85563 bps36.4630.31614 bps
OP32.0424.4431.1080.9063.6427.1281.8046.8274.71
Other Inc.0.510.3641.671.310.9636.461.420.48195.83
PBIDT32.5524.8031.2582.2164.6027.2683.2247.3075.94
Interest1.020.8717.242.393.87-38.244.184.86-13.99
PBDT31.5323.9331.7679.8260.7331.4379.0442.4486.24
Depreciation3.051.8465.768.875.0475.997.55.7729.98
PBT28.4822.0928.9370.9555.6927.4071.5436.6795.09
Share of Profit/(Loss) from Associates00-00-00-
PBT before EO28.4822.0928.9370.9555.6927.4071.5436.6795.09
EO Income00-00-00-
PBT after EO28.4822.0928.9370.9555.6927.4071.5436.6795.09
Taxation8.45.7745.5820.5915.2934.6618.999.8393.18
PAT20.0816.3223.0450.3640.424.6552.5526.8495.79
Minority Interest (MI)00-00-00-
Net profit20.0816.3223.0450.3640.424.6552.5526.8495.79
P/(L) from discontinued operations net of tax00-00-00-
Net profit after discontinued operations20.0816.3223.0450.3640.424.6552.5526.8495.79
EPS (Rs)*0.820.6723.042.061.6524.652.151.1095.79
* EPS is on current equity of Rs 48.94 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


Avantel : Consolidated Segment Results
td>-
 Quarter endedYear to DateYear ended
% of (Total)202412202312Var.(%)% of (Total)202412202312Var.(%)% of (Total)202403202303Var.(%)
Sales
Communications and signal Processing products99.6370.9359.4419.3399.73200.63183.059.6099.75225.22154.7445.54
Health care0.370.260.249.240.270.540.524.580.250.570.19202.92
Total Reported Sales100.0071.1959.6819.29100.00201.17183.579.59100.00225.79154.9345.74
Less: Inter segment revenues 0.000.00- 0.000.00 0.000.00-
Net Sales100.0071.1959.6819.29100.00201.17183.579.59100.00225.79154.9345.74
PBIT
Communications and signal Processing products102.8929.3122.7528.86103.1073.1557.6626.87104.1074.4739.9386.51
Health care-2.89-0.82-0.65-26.63-3.10-2.20-1.97-11.85-4.10-2.93-3.2610.13
Total PBIT100.0028.4922.0928.92100.0070.9555.6927.40100.0071.5436.6795.11
Less : Interest0.000.00-0.000.00-0.000.00-
Add: Other un-allcoable0.000.00-0.000.00-0.000.00-
PBIT Margin(%)
Communications and signal Processing products 41.3238.26305.61 36.4631.50496.20 33.0725.80726.30
Health care -313.94-270.83-4,311.47 -404.23-377.93-2,630.14 -514.12-1,732.89121,877.02
PBT100.0028.4922.0928.92100.0070.9555.6927.40100.0071.5436.6795.11
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