On consolidated basis
Quarter ended December 2024 compared with Quarter ended December 2023.
Net sales (including other operating income) of NDR Auto Components has increased 24.90% to Rs 175.2 crore. Operating profit margin has jumped from 9.23% to 10.61%, leading to 43.66% rise in operating profit to Rs 18.59 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 76.90% to 75.68%. Employee cost decreased from 2.98% to 2.86%. Other income rose 27.50% to Rs 1.02 crore. PBIDT rose 42.72% to Rs 19.61 crore. Provision for interest rose 5.48% to Rs 0.77 crore. PBDT rose 44.81% to Rs 18.84 crore. Provision for depreciation rose 3.62% to Rs 4.01 crore. Profit before tax grew 62.25% to Rs 14.83 crore. Share of profit/loss was 20.81% higher at Rs 2.09 crore. Provision for tax was expense of Rs 3.53 crore, compared to Rs 2.33 crore. Effective tax rate was 20.86% compared to 21.44%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 56.79% to Rs 13.39 crore. Promoters’ stake was 73.06% as of 31 December 2024 ,compared to 73.06% as of 31 December 2023 .
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of NDR Auto Components has increased 22.38% to Rs 520.74 crore. Operating profit margin has jumped from 9.35% to 10.11%, leading to 32.32% rise in operating profit to Rs 52.65 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 76.95% to 76.54%. Employee cost increased from 2.90% to 2.91%. Other expenses fell from 10.82% to 10.46%. Other income rose 18.05% to Rs 3.14 crore. PBIDT rose 31.43% to Rs 55.79 crore. Provision for interest rose 15.17% to Rs 2.43 crore. PBDT rose 32.28% to Rs 53.36 crore. Provision for depreciation rose 8.67% to Rs 11.91 crore. Profit before tax grew 41.08% to Rs 41.45 crore. Share of profit/loss was 16.38% higher at Rs 6.11 crore. Provision for tax was expense of Rs 10.69 crore, compared to Rs 7.53 crore. Effective tax rate was 22.48% compared to 21.74%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 36.05% to Rs 36.87 crore. Promoters’ stake was 73.06% as of 31 December 2024 ,compared to 73.06% as of 31 December 2023 .
Full year results analysis.
Net sales (including other operating income) of NDR Auto Components has increased 53.16% to Rs 601.57 crore. Operating profit margin has jumped from 8.08% to 9.35%, leading to 77.13% rise in operating profit to Rs 56.22 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 75.65% to 77.43%. Employee cost decreased from 3.14% to 2.82%. Other expenses fell from 13.15% to 10.42%. Other income fell 43.11% to Rs 3.59 crore. PBIDT rose 57.19% to Rs 59.81 crore. Provision for interest rose 59.78% to Rs 2.86 crore. Loan funds declined from Rs 33.72 crore as of 31 March 2023 to Rs 31.17 crore as of 31 March 2024. Inventories declined from Rs 39.34 crore as of 31 March 2023 to Rs 29.73 crore as of 31 March 2024. Sundry debtors were higher at Rs 87.12 crore as of 31 March 2024 compared to Rs 31.10 crore as of 31 March 2023. Cash and bank balance declined from Rs 51.53 crore as of 31 March 2023 to Rs 33.43 crore as of 31 March 2024. Investments rose to Rs 56.43 crore as of 31 March 2024 from Rs 50.51 crore as of 31 March 2023 . PBDT rose 57.06% to Rs 56.95 crore. Provision for depreciation rose 70.39% to Rs 14.79 crore. Fixed assets increased to Rs 158.62 crore as of 31 March 2024 from Rs 146.66 crore as of 31 March 2023. Intangible assets declined from Rs 0.22 crore to Rs 0.12 crore. Profit before tax grew 52.86% to Rs 42.16 crore. Share of profit/loss was 4.33% lower at Rs 7.29 crore. Provision for tax was expense of Rs 10.74 crore, compared to Rs 7.09 crore. Effective tax rate was 21.72% compared to 20.14%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 37.71% to Rs 38.71 crore. Equity capital increased from Rs 5.95 crore as of 31 March 2023 to Rs 11.89 crore as of 31 March 2024. Per share face Value remained same at Rs 10.00. Promoters’ stake was 73.06% as of 31 March 2024 ,compared to 73.95% as of 31 March 2023 . Cash flow from operating activities decreased to Rs 27.41 crore for year ended March 2024 from Rs 48.18 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 34.12 crore, compared to Rs 46.42 crore during the year ended March 2023. Other Highlights
The company has approved setting up of
a project of seat insert fabric for four wheelers. For this purpose, the
Company has entered into a memorandum of understanding (MoU) with Toyota Tsusho
India (TTIPL) and Toyotsu Vehitecs (TVC) and the Company will be obtaining
technical assistance from TTIPL. The said project will be set up at Gurgaon for
an investment of Rs 21.89 crores approx. through a wholly owned subsidiary,
which will be incorporated in the next two months. Commercial production is
expected to commence in July 2026. Management anticipates Revenue of Rs 100
crore By FY28-29.
| NDR Auto Components : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202412 | 202312 | Var.(%) | 202412 | 202312 | Var.(%) | 202403 | 202303 | Var.(%) |
|---|
| Net Sales (including other operating income) | 175.20 | 140.27 | 24.90 | 520.74 | 425.52 | 22.38 | 601.57 | 392.78 | 53.16 | | OPM (%) | 10.61 | 9.23 | 139 bps | 10.11 | 9.35 | 76 bps | 9.35 | 8.08 | 126 bps | | OP | 18.59 | 12.94 | 43.66 | 52.65 | 39.79 | 32.32 | 56.22 | 31.74 | 77.13 | | Other Inc. | 1.02 | 0.80 | 27.50 | 3.14 | 2.66 | 18.05 | 3.59 | 6.31 | -43.11 | | PBIDT | 19.61 | 13.74 | 42.72 | 55.79 | 42.45 | 31.43 | 59.81 | 38.05 | 57.19 | | Interest | 0.77 | 0.73 | 5.48 | 2.43 | 2.11 | 15.17 | 2.86 | 1.79 | 59.78 | | PBDT | 18.84 | 13.01 | 44.81 | 53.36 | 40.34 | 32.28 | 56.95 | 36.26 | 57.06 | | Depreciation | 4.01 | 3.87 | 3.62 | 11.91 | 10.96 | 8.67 | 14.79 | 8.68 | 70.39 | | PBT | 14.83 | 9.14 | 62.25 | 41.45 | 29.38 | 41.08 | 42.16 | 27.58 | 52.86 | | Share of Profit/(Loss) from Associates | 2.09 | 1.73 | 20.81 | 6.11 | 5.25 | 16.38 | 7.29 | 7.62 | -4.33 | | PBT before EO | 16.92 | 10.87 | 55.66 | 47.56 | 34.63 | 37.34 | 49.45 | 35.2 | 40.48 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 16.92 | 10.87 | 55.66 | 47.56 | 34.63 | 37.34 | 49.45 | 35.2 | 40.48 | | Taxation | 3.53 | 2.33 | 51.50 | 10.69 | 7.53 | 41.97 | 10.74 | 7.09 | 51.48 | | PAT | 13.39 | 8.54 | 56.79 | 36.87 | 27.1 | 36.05 | 38.71 | 28.11 | 37.71 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 13.39 | 8.54 | 56.79 | 36.87 | 27.1 | 36.05 | 38.71 | 28.11 | 37.71 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 13.39 | 8.54 | 56.79 | 36.87 | 27.1 | 36.05 | 38.71 | 28.11 | 37.71 | | EPS (Rs)* | 5.63 | 3.59 | 56.79 | 15.50 | 11.39 | 36.05 | 16.27 | 11.82 | 37.71 | | | * EPS is on current equity of Rs 23.79 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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