On standalone basis
Quarter ended December 2024 compared with Quarter ended December 2023.
Net sales (including other operating income) of Samkrg Pistons & Rings has declined 4.51% to Rs 57.76 crore. Operating profit margin has declined from 14.94% to 12.53%, leading to 19.91% decline in operating profit to Rs 7.24 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 46.32% to 35.69%. Employee cost increased from 24.79% to 28.27%. Other expenses rose from 14.35% to 23.16%. Stores consumed for sales rose from 1.98% to 4.91%. Power and Oil fuel cost rose from 7.30% to 7.69%. Other income fell 27.27% to Rs 0.32 crore. PBIDT fell 20.25% to Rs 7.56 crore. Provision for interest up 130.49% to Rs 1.89 crore. PBDT fell 34.53% to Rs 5.67 crore. Provision for depreciation rose 30.66% to Rs 3.58 crore. Profit before tax down 64.70% to Rs 2.09 crore. Provision for tax was credit of Rs 0.15 crore, compared to debit of Rs 1.35 crore. Effective tax rate was negative 7.18% compared to 22.80%. Profit after tax fell 50.98% to Rs 2.24 crore. Promoters’ stake was 66.87% as of 31 December 2024 ,compared to 66.88% as of 31 December 2023 .
For year-to-date (YTD) results analysis
Net sales (including other operating income) of Samkrg Pistons & Rings has declined 1.50% to Rs 177.07 crore. Operating profit margin has jumped from 11.13% to 12.34%, leading to 9.20% rise in operating profit to Rs 21.85 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 48.31% to 44.55%. Employee cost increased from 22.40% to 23.99%. Other expenses rose from 17.78% to 19.09%. Stores consumed for sales rose from 2.45% to 3.51%. Power and Oil fuel cost rose from 8.30% to 8.35%. Other income fell 28% to Rs 0.9 crore. PBIDT rose 7.01% to Rs 22.75 crore. Provision for interest up 60.14% to Rs 4.58 crore. PBDT fell 1.25% to Rs 18.17 crore. Provision for depreciation rose 13.84% to Rs 10.69 crore. Profit before tax down 16.98% to Rs 7.48 crore. Provision for tax was expense of Rs 1.38 crore, compared to Rs 2 crore. Effective tax rate was 18.45% compared to 22.20%.Profit after tax fell 12.98% to Rs 6.10 crore. Promoters’ stake was 66.87% as of 31 December 2024 ,compared to 66.88% as of 31 December 2023 .
Full year results analysis
Net sales (including other operating income) of Samkrg Pistons & Rings has increased 4.52% to Rs 246.70 crore. Operating profit margin has declined from 14.40% to 12.75%, leading to 7.47% decline in operating profit to Rs 31.46 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 48.96% to 46.42%. Employee cost increased from 18.28% to 21.61%. Other expenses rose from 18.55% to 19.11%. Stores consumed for sales rose from 1.69% to 2.19%. Power and Oil fuel cost rose from 7.68% to 8.37%. Other income fell 17.49% to Rs 1.51 crore. PBIDT fell 7.98% to Rs 32.97 crore. Provision for interest up 11.14% to Rs 3.79 crore. Loan funds rose to Rs 30.07 crore as of 31 March 2024 from Rs 29.79 crore as of 31 March 2023. Inventories declined from Rs 43.29 crore as of 31 March 2023 to Rs 37.35 crore as of 31 March 2024. Sundry debtors were higher at Rs 68.78 crore as of 31 March 2024 compared to Rs 53.31 crore as of 31 March 2023. Cash and bank balance rose to Rs 1.05 crore as of 31 March 2024 from Rs 0.43 crore as of 31 March 2023. PBDT fell 9.99% to Rs 29.18 crore. Provision for depreciation down 2.49% to Rs 12.92 crore. Fixed assets increased to Rs 146.56 crore as of 31 March 2024 from Rs 132.03 crore as of 31 March 2023. Profit before tax down 15.18% to Rs 16.26 crore. Provision for tax was expense of Rs 3.65 crore, compared to Rs 4.49 crore. Effective tax rate was 22.45% compared to 23.42%. Profit after tax fell 14.10% to Rs 12.61 crore. Promoters’ stake was 66.88% as of 31 March 2024 ,compared to 66.88% as of 31 March 2023 . Cash flow from operating activities increased to Rs 20.80 crore for year ended March 2024 from Rs 12.30 crore for year ended March 2023.
| Samkrg Pistons & Rings : Standalone Results | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202412 | 202312 | Var.(%) | 202412 | 202312 | Var.(%) | 202403 | 202303 | Var.(%) |
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| Net Sales (including other operating income) | 57.76 | 60.49 | -4.51 | 177.07 | 179.76 | -1.50 | 246.70 | 236.03 | 4.52 | | OPM (%) | 12.53 | 14.94 | -241 bps | 12.34 | 11.13 | 121 bps | 12.75 | 14.40 | -165 bps | | OP | 7.24 | 9.04 | -19.91 | 21.85 | 20.01 | 9.20 | 31.46 | 34.00 | -7.47 | | Other Inc. | 0.32 | 0.44 | -27.27 | 0.90 | 1.25 | -28.00 | 1.51 | 1.83 | -17.49 | | PBIDT | 7.56 | 9.48 | -20.25 | 22.75 | 21.26 | 7.01 | 32.97 | 35.83 | -7.98 | | Interest | 1.89 | 0.82 | 130.49 | 4.58 | 2.86 | 60.14 | 3.79 | 3.41 | 11.14 | | PBDT | 5.67 | 8.66 | -34.53 | 18.17 | 18.40 | -1.25 | 29.18 | 32.42 | -9.99 | | Depreciation | 3.58 | 2.74 | 30.66 | 10.69 | 9.39 | 13.84 | 12.92 | 13.25 | -2.49 | | PBT | 2.09 | 5.92 | -64.70 | 7.48 | 9.01 | -16.98 | 16.26 | 19.17 | -15.18 | | PBT before EO | 2.09 | 5.92 | -64.70 | 7.48 | 9.01 | -16.98 | 16.26 | 19.17 | -15.18 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 2.09 | 5.92 | -64.70 | 7.48 | 9.01 | -16.98 | 16.26 | 19.17 | -15.18 | | Taxation | -0.15 | 1.35 | LP | 1.38 | 2 | -31.00 | 3.65 | 4.49 | -18.71 | | PAT | 2.24 | 4.57 | -50.98 | 6.1 | 7.01 | -12.98 | 12.61 | 14.68 | -14.10 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 2.24 | 4.57 | -50.98 | 6.1 | 7.01 | -12.98 | 12.61 | 14.68 | -14.10 | | EPS (Rs)* | 2.28 | 4.65 | -50.98 | 6.21 | 7.14 | -12.98 | 12.84 | 14.95 | -14.10 | | | * EPS is on current equity of Rs 9.82 crore, Face value of Rs 10, 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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