Bharat Bijlee

Transformers turn-in EBIT profit after reporting loss in FY21

Aug 08, 2021 11:08 IST capital market

 

Standalone sales of the company for the quarter ended June 2021 was up 297% to Rs 288.02 crore, albeit on a weak base. Upside in revenue was driven by 296% growth in revenue of power systems and 299% growth in revenue of industrial systems.  Both segment registered profit of RS 10.34 crore and Rs 19.73 crore against an loss of Rs 4.02 crore and Rs 2.89 crore respectively. With OPM stand higher at 7.6% against negative 15.8% in corresponding previous period, the operating profit was Rs 21.99 crore against a loss of Rs 11.42 crore in the corresponding previous period. After accounting for lower other income, higher interest and higher depreciation, the PBT was a profit of Rs 18.10 crore against a loss of Rs 12.99 crore. With taxation stand at Rs 4.42 crore of provision against a write-back of RS 4.25 crore, the PAT was a profit of Rs 13.68 crore against a loss of Rs 8.74 crore.

Yearly performance

For the fiscal ended March 2021, the sales was down 21% to RS 731.05 crore. With OPM stand contract by 230 bps to 5%, the OP was down 46% to Rs 36.53 crore. Eventually the PAT was down 43% to Rs 26.05 crore.

 

Bharat Bijlee:  Results

 

 

2106 (3)

2006 (3)

Var. (%)

2103 (12)

2003 (12)

Var. (%)

 

Sales

288.02

72.50

297

731.05

928.73

-21

 

OPM (%)

7.6

-15.8

 

5.0

7.3

 

 

OP

21.99

-11.42

LP

36.53

68.05

-46

 

Other inc.

4.31

5.30

-19

26.80

30.13

-11

 

PBIDT

26.30

-6.12

LP

63.33

98.18

-35

 

Interest

5.39

4.65

16

16.98

20.29

-16

 

PBDT

20.91

-10.77

LP

46.35

77.89

-40

 

Dep.

2.81

2.22

27

9.69

8.97

8

 

PBT  before EO

18.10

-12.99

LP

36.66

68.92

-47

 

EO Exp

0.00

0.00

 

0.00

0.00

 

 

PBT after EO

18.10

-12.99

LP

36.66

68.92

-47

 

Taxation

4.42

-4.25

PL

10.61

23.30

-54

 

PAT

13.68

-8.74

LP

26.05

45.62

-43

 

EPS (Rs)*

#

#

 

46.1

80.7

 

 

* EPS is on current equity of Rs 5.65 crore, Face value of Rs 10

# EPS is not annualised due to seasonality of business

Figures in Rs crore

Source: Capitaline Corporate Database

 

 

Bharat Bijlee: Segment Results

Particulars

% to total

2106 (3)

2006 (3)

Var. (%)

% to total

2003 (12)

2003 (12)

Var.(%)

Sales

Power Systems

52

149.98

37.88

296

40

293.55

453.51

-35

Industrial Systems

48

138.04

34.62

299

60

437.50

475.22

-8

Total

100

288.02

72.50

297

100

731.05

928.73

-21

Less Inter segment revenue

####

####

Net sales

288.02

72.50

297

731.05

928.73

-21

PBIT

Power Systems

34

10.34

-4.02

-357

-4

-2.41

31.52

-108

Industrial Systems

66

19.73

-2.89

-783

104

69.42

78.32

-11

Total

100

30.07

-6.91

-535

100

67.01

109.84

-39

Less: Interest (net)

5.23

4.65

12

16.61

20.29

-18

Less: Others Un-allocable Exp/Income (net)

6.74

1.43

371

13.74

20.63

-33

PBT

18.10

-12.99

-239

36.66

68.92

-47

Peer Comparision (Standalone)
Sales
(Rs. Crs)
var.(%) OP
(Rs. Crs)
var.(%) Net Profit
(Rs. Crs)
var.(%) Share Price(Rs)
var.(%)
over
One year
TTM EPS TTM PE

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