Capitaline

Results 16-Sep-17

Analysis

Shivalik Bimetal Controls

Sales up 34%, net up 149%

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Shivalik Bimetal Controls: Results

Shivalik Bimetal Controls has registered 149% jump in net profit for the quarter ended June 2017 to Rs 3.81 crore. Sharp jump in bottom-line is largely due to good operating performance, higher other income and lower interest cost. But for higher taxation the growth at bottomline would have been much higher than reported.

Value of production for the quarter was up by 31% (to Rs 39.24 crore) even as the revenue was up by 34% to Rs 38.92 crore. Sales for the quarter is marginally lower than value of production thereby reflecting inventory built up. And this could get diluted or delivery happens going forward.

Operating profit margin for the quarter expanded by strong 450 bps to 18.4%. Expansion in OPM can be attributed to decline in all cost heads. Material cost as proportion to sales net of stocks was lower by sharp 380 bps to 52.8%. Similarly the staff cost was down by 80 bps (to 9.2%) and the OE was down by 30 bps to 18.7%. Thus facilitated by higher sales and higher OPM, the operating profit jumped up by 77% to Rs 7.16 crore.

Other income was up by 46% to Rs 0.42 crore. The interest cost was down by sharp 33% to Rs 0.59 crore. And the depreciation cost was up by 1% to Rs 1.12 crore. The interest and deprecation as proportion to sales stood lower at 1.5% and 3.1% respectively compared to 3.1% and 3.8% in corresponding previous period. Thus the PBT before forex and EO more than doubled (up 151%) to Rs 5.88 crore.

Forex Gain was nil and EO income was nil compared to marginal Rs 0.01 crore in the corresponding previous period. Thus the PBT after forex and EO was up by 151% to Rs 5.88 crore.

The taxation jumped up by 154% to Rs 2.07 crore in absolute terms. But the tax rate was marginally higher at 35.2% compared to 34.7% in corresponding previous period. Thus the PAT was up by 149% to Rs 3.81 crore.

Previous News

Shivalik Bimetal Controls
( Results - Analysis 17-Nov-21 03:40 )

Shivalik Bimetal Controls to convene AGM
( Corporate News - 13-Aug-21 11:05 )

Shivalik Bimetal Controls to convene AGM
( Corporate News - 02-Sep-23 12:55 )

Shivalik Bimetal Controls standalone net profit rises 3.01% in the March 2019 quarter
( Results - Announcements 24-May-19 15:55 )

Board of Shivalik Bimetal Controls recommends Interim Dividend
( Corporate News - 08-Feb-23 10:17 )

Shivalik Bimetal Controls to announce Quarterly Result
( Corporate News - 25-Jul-23 10:27 )

Shivalik Bimetal Controls
( Results - Analysis 03-Feb-22 01:18 )

Shivalik Bimetal Controls consolidated net profit declines 68.82% in the March 2020 quarter
( Results - Announcements 30-Jun-20 13:58 )

Shivalik Bimetal Controls consolidated net profit rises 40.05% in the September 2020 quarter
( Results - Announcements 12-Nov-20 08:25 )

Board of Shivalik Bimetal Controls recommends Final Dividend
( Corporate News - 30-Jun-21 13:24 )

Shivalik Bimetal Controls to hold board meeting
( Corporate News - 05-Feb-19 10:07 )