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Results
18-Feb-25
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Analysis
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Elantas Beck India
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NP down 20%
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Net
sales (including other operating income) of Elantas Beck India has increased
13.31% to Rs 196.97 crore. Sales of
Electrical Insulations segment has gone up 7.74% to Rs 158.13 crore (accounting
for 79.88% of total sales). Sales of
Engineering & Electronic Resins and segment has gone up 46.79% to Rs 39.84
crore (accounting for 20.12% of total sales).
Profit
before interest, tax and other unallocable items (PBIT) has slumped 2.79% to Rs
33.85 crore. PBIT of Electrical
Insulations segment fell 14.28% to Rs 22.81 crore (accounting for 67.39% of
total PBIT). PBIT of Engineering &
Electronic Resins and segment rose 34.46% to Rs 11.04 crore (accounting for
32.61% of total PBIT).
PBIT
margin of Electrical Insulations segment fell from 18.13% to 14.43%. PBIT margin of Engineering & Electronic
Resins and segment fell from 30.25% to 27.71%.
Overall PBIT margin fell from 20.02% to 17.10%.
Operating
profit margin has declined from 20.46% to 17.75%, leading to 1.71% decline in
operating profit to Rs 34.96 crore. Raw
material cost as a % of total sales (net of stock adjustments) decreased from
61.45% to 60.13%. Purchase of finished
goods cost rose from 0.56% to 4.72%.
Employee cost increased from 6.03% to 6.37%. Other expenses fell from 11.19% to
11.00%.
Other
income fell 40.13% to Rs 10.07 crore.
PBIDT fell 14.05% to Rs 45.03 crore.
Provision for interest remained nil.
Loan funds remained nil.
Inventories rose to Rs 95.05 crore as of 31 December 2024 from Rs 73.24
crore as of 31 December 2023. Sundry
debtors were higher at Rs 126.53 crore as of 31 December 2024 compared to Rs
102.03 crore as of 31 December 2023.
Cash and bank balance rose to Rs 153.39 crore as of 31 December 2024
from Rs 57.03 crore as of 31 December 2023.
Investments declined from Rs 517.14 crore as of 31 December 2023 to Rs
378.55 crore as of 31 December 2024.
PBDT
fell 14.10% to Rs 44.83 crore. Provision
for depreciation rose 57.79% to Rs 4.86 crore.
Fixed assets increased to Rs 160.29 crore as of 31 December 2024 from Rs
82.57 crore as of 31 December 2023.
Intangible assets increased from Rs 33.89 crore to Rs 81.68 crore.
Profit
before tax down 18.61% to Rs 39.97 crore.
Provision for tax was expense of Rs 10.23 crore, compared to Rs 12.11
crore. Effective tax rate was 25.59%
compared to 24.66%.
Profit
after tax fell 19.62% to Rs 29.74 crore.
Equity
capital stood at Rs 7.93 crore as of 31 December 2024 to Rs 7.93 crore as of 31
December 2023. Per share face Value
remained same at Rs 10.00.
Promoters’
stake was 75.00% as of 31 December 2024 ,compared to 75.00% as of 31 December
2023 .
On
March 6, 2019, the company was directed for closure of its operations (GPCB)
due to a suspected groundwater contamination issue. The GPCB through its
subsequent orders had granted temporary revocation of the closure order until
July 23, 2025. The company has represented to the GPCB for a permanent
revocation of the closure order and based on the remediation done the
management expects a positive outcome.
Full year results
analysis
Net
sales (including other operating income) of Elantas Beck India has increased
10.09% to Rs 748.51 crore. Sales of
Electrical Insulations segment has gone up 8.83% to Rs 628.32 crore (accounting
for 83.62% of total sales). Sales of
Engineering & Electronic Resins and segment has gone up 18.73% to Rs 123.08
crore (accounting for 16.38% of total sales).
Profit
before interest, tax and other unallocable items (PBIT) has jumped 1.10% to Rs
142.68 crore. PBIT of Electrical
Insulations segment rose 0.21% to Rs 109.19 crore (accounting for 76.53% of
total PBIT). PBIT of Engineering &
Electronic Resins and segment rose 4.12% to Rs 33.49 crore (accounting for
23.47% of total PBIT).
PBIT
margin of Electrical Insulations segment fell from 18.87% to 17.38%. PBIT margin of Engineering & Electronic
Resins and segment fell from 31.03% to 27.21%.
Overall PBIT margin fell from 20.72% to 18.99%.
Operating
profit margin has declined from 21.05% to 19.29%, leading to 0.85% rise in
operating profit to Rs 144.37 crore. Raw
material cost as a % of total sales (net of stock adjustments) increased from
61.24% to 61.44%. Purchase of finished
goods cost rose from 0.47% to 2.05%.
Employee cost increased from 6.00% to 6.18%. Other expenses rose from 11.10% to
11.26%.
Other
income up 3.44% to Rs 54.77 crore. PBIDT
rose 1.55% to Rs 199.14 crore. Provision
for interest up 15.79% to Rs 0.66 crore.
Loan funds remained nil.
Inventories rose to Rs 95.05 crore as of 31 December 2024 from Rs 73.24
crore as of 31 December 2023. Sundry
debtors were higher at Rs 126.53 crore as of 31 December 2024 compared to Rs
102.03 crore as of 31 December 2023.
Cash and bank balance rose to Rs 153.39 crore as of 31 December 2024
from Rs 57.03 crore as of 31 December 2023.
Investments declined from Rs 517.14 crore as of 31 December 2023 to Rs
378.55 crore as of 31 December 2024.
PBDT
rose 1.51% to Rs 198.48 crore. Provision
for depreciation rose 26.30% to Rs 15.03 crore.
Fixed assets increased to Rs 160.29 crore as of 31 December 2024 from Rs
82.57 crore as of 31 December 2023.
Intangible assets increased from Rs 33.89 crore to Rs 81.68 crore.
Profit
before tax down 0.10% to Rs 183.45 crore.
Provision for tax was expense of Rs 43.89 crore, compared to Rs 46.33
crore. Effective tax rate was 23.92%
compared to 25.23%.
Profit
after tax rose 1.65% to Rs 139.56 crore.
Equity
capital stood at Rs 7.93 crore as of 31 December 2024 to Rs 7.93 crore as of 31
December 2023. Per share face Value
remained same at Rs 10.00.
Promoters’
stake was 75.00% as of 31 December 2024 ,compared to 75.00% as of 31 December
2023 .
Cash
flow from operating activities decreased to Rs 63.22 crore for year ended
December 2024 from Rs 133.42 crore for year ended December 2023. Cash flow used in acquiring fixed assets
during the year ended December 2024 stood at Rs 145.14 crore, compared to Rs
12.36 crore during the year ended December 2023.
The
stock trades at Rs 8895
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Elantas Beck India : Standalone
Results
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Particulars
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2412 (03)
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2312 (03)
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Var.(%)
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2412 (12)
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2312 (12)
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Var.(%)
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Net Sales
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196.97
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173.83
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13
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748.51
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679.89
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10
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OPM (%)
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17.7
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20.5
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19.3
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21.1
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OP
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34.96
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35.57
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-2
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144.37
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143.15
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1
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Other Inc.
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10.07
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16.82
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-40
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54.77
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52.95
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3
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PBIDT
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45.03
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52.39
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-14
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199.14
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196.10
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2
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Interest
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0.2
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0.2
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0
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0.66
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0.57
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16
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PBDT
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44.83
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52.19
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-14
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198.48
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195.53
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2
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Depreciation
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4.86
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3.08
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58
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15.03
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11.9
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26
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PBT before EO
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39.97
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49.11
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-19
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183.45
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183.63
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0
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EO Income
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0.00
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0.00
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0.00
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10.72
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-100
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PBT after EO
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39.97
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49.11
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-19
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183.45
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194.35
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-6
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Taxation
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10.23
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12.11
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-16
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43.89
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46.33
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-5
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PAT
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29.74
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37.00
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-20
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139.56
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148.02
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-6
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EPS (Rs)*
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#
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#
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176.04
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173.19
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2
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Notes
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* EPS is on current equity of Rs 7.93 crore, Face value of Rs
10, Excluding extraordinary items.
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# EPS is not annualised
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bps : Basis points
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EO : Extraordinary items
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Figures in Rs crore
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Source: Capitaline Corporate Database
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Elantas Beck India : Standalone
Segment Results
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% of (Total)
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2412 (03)
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2312 (03)
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Var.(%)
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% of (Total)
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2412 (12)
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2312 (12)
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Var.(%)
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Sales
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Electrical Insulations
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80
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158.13
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146.76
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8
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84
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628.32
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577.34
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9
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Engineering & Electronic Resins and
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20
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39.84
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27.14
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47
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16
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123.08
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103.67
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19
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Total Reported Sales
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100
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197.96
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173.9
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14
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100
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751.4
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681.01
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10
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PBIT
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Electrical Insulations
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67
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22.81
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26.61
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-14
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77
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109.19
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108.96
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0
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Engineering & Electronic Resins and
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33
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11.04
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8.21
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34
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23
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33.49
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32.17
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4
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Total PBIT
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100
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33.85
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34.82
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-3
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100
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142.68
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141.13
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1
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Less : Interest
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0.2
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0.2
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-3
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0.66
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0.57
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15
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Add: Other un-allcoable
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6.32
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14.49
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-56
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41.43
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43.06
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-4
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PBT
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39.98
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49.11
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-19
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183.45
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183.62
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0
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Previous News |
Elantas Beck India
(
Results
-
Analysis
02-Nov-22
07:49
)
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Elantas Beck India standalone net profit rises 18.15% in the June 2024 quarter
(
Results
-
Announcements
07-Aug-24
07:33
)
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Elantas Beck India to hold board meeting
(
Corporate News
-
25-Jul-24
10:22
)
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Elantas Beck India standalone net profit rises 63.51% in the June 2022 quarter
(
Results
-
Announcements
27-Jul-22
18:02
)
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Elantas Beck India
(
Analyst Meet / AGM
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AGM
07-May-15
10:12
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Elantas Beck India to hold board meeting
(
Corporate News
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19-Jul-23
17:17
)
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Elantas Beck India standalone net profit rises 5.85% in the June 2019 quarter
(
Results
-
Announcements
23-Jul-19
16:33
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Elantas Beck India to announce Quarterly Result
(
Corporate News
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15-Jul-22
10:23
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Elantas Beck India standalone net profit rises 42.64% in the March 2015 quarter
(
Results
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Announcements
06-May-15
16:09
)
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Elantas Beck India net profit rises 17.47% in the March 2009 quarter
(
Results
-
Announcements
18-Apr-09
16:09
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Elantas Beck India net profit rises 16.42% in the September 2013 quarter
(
Results
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Announcements
29-Oct-13
09:01
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