Standalone net sales (including other operating income) has increased 66% to Rs 472.00 crore. Operating profit margin has jumped from 16.3% to 19.5%, leading to 98% rise in operating profit to Rs 91.90 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 52.39% to 52.55%. Employee cost decreased from 7.88% to 6.17%. Other expenses fell from 23.55% to 22.49%.
Other income up 239% to Rs 5.62 crore. Provision for interest fell 10% to Rs 4.88 crore. Provision for depreciation down 2% to Rs 14.04 crore. Profit before tax grew 178% to Rs 78.59 crore. Provision for tax was expense of Rs 16.9 crore, compared to Rs 1.71 crore. Effective tax rate was 21.50% compared to 6.05%.Profit after tax rose 132% to Rs 61.69 crore.
Status of expansion of PERU plant
After revisiting the requirement of equipment etc. the cost of expansion of PERU Plant have reduced to Rs. 60 Cr from Rs. 80 Crores(as approved earlier) for expansion of plant situated at Perundurai, Tamilnaduto increase the Capacity of Asbestos Flat Sheets and Non Asbestos Flat Sheets manufacturing by 72000 MT p.a. which would be funded by Debt and Internal accruals. Commencement of commercial production is expected to start in the 4th Quarter of 2021-2022.
Board of Directors at their meeting held an 26th May 2021 has recommended 36% (Rs. 2.5 Per Share) towards the final dividend for the year ended 31st March 2021. Together with the Interim Dividend of 15% (Rs. 1S per share), the total dividend for the financial year ended on Jist March 2021, amounts to $0% (R45 per share)
Equity capital stood at Rs 9.56 crore as of 31 March 2021 to Rs 9.56 crore as of 31 March 2020. Per share face Value remained same at Rs 10.00.
Promoters stake was 66.94% as of 31 March 2021,compared to 66.41% as of 31 March 2020.
Sahyadri Industries: Results
|2103 (3)||2003 (3)||Var.(%)||2103 (12)||2003 (12)||Var. (%)|
|PBT after EO||17.85||5.30||237||78.59||28.28||178|
|* Annualised on current equity of Rs 9.5615 crore. Face Value: Rs 10|
Var. (%) exceeding 999 has been truncated to 999
LP: Loss to Profit PL: Profit to Loss
EO: Extraordinary items
EPS is calculated after excluding EO and relevant tax
# EPS can not be annualised due to seasonality in business
Figures in Rs crore
Source: Capitaline Corporate Database
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