Quarter ended December 2024 compared with Quarter ended December 2023.
Net sales (including other operating income) of FDC has increased 1.30% to Rs 464.11 crore. Operating profit margin has declined from 18.29% to 10.05%, leading to 44.31% decline in operating profit to Rs 46.66 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 29.84% to 31.15%. Purchase of finished goods cost fell from 5.74% to 5.43%. Employee cost increased from 21.69% to 24.81%. Other expenses rose from 25.17% to 28.85%.
Other income fell 23.77% to Rs 18.83 crore. PBIDT fell 39.63% to Rs 65.49 crore. Provision for interest fell 2.06% to Rs 0.95 crore.
PBDT fell 39.97% to Rs 64.54 crore. Provision for depreciation rose 34% to Rs 13.36 crore.
Profit before tax down 47.53% to Rs 51.18 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 14.14 crore, compared to Rs 18.37 crore. Effective tax rate was 27.63% compared to 18.83%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 53.25% to Rs 37.04 crore.Promoters' stake was 69.66% as of 31 December 2024 ,compared to 69.66% as of 31 December 2023 .
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of FDC has increased 9.14% to Rs 1616.23 crore.
Other income rose 0.74% to Rs 81.96 crore. PBIDT fell 5% to Rs 345.4 crore. Provision for interest rose 7.79% to Rs 3.32 crore.
PBDT fell 5.11% to Rs 342.08 crore. Provision for depreciation rose 29.48% to Rs 38.17 crore.
Profit before tax down 8.19% to Rs 303.91 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 75.79 crore, compared to Rs 72.23 crore. Effective tax rate was 24.94% compared to 21.82%.Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 11.90% to Rs 228.12 crore.
Promoters' stake was 69.66% as of 31 December 2024 ,compared to 69.66% as of 31 December 2023 .
Full year results analysis.
Net sales (including other operating income) of FDC has increased 8.92% to Rs 1942.94 crore. Operating profit margin has jumped from 14.07% to 17.42%, leading to 34.89% rise in operating profit to Rs 338.54 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 32.57% to 29.28%. Purchase of finished goods cost rose from 4.73% to 6.26%. Employee cost decreased from 21.73% to 20.71%. Other expenses fell from 27.02% to 26.79%.
Other income rose 103.83% to Rs 101.63 crore. PBIDT rose 46.31% to Rs 440.17 crore. Provision for interest fell 1.47% to Rs 4.03 crore. Loan funds declined from Rs 28.32 crore as of 31 March 2023 to Rs 20.52 crore as of 31 March 2024. Inventories rose to Rs 388.89 crore as of 31 March 2024 from Rs 328.54 crore as of 31 March 2023. Sundry debtors were lower at Rs 117.38 crore as of 31 March 2024 compared to Rs 122.65 crore as of 31 March 2023. Cash and bank balance rose to Rs 26.29 crore as of 31 March 2024 from Rs 24.94 crore as of 31 March 2023. Investments rose to Rs 842.78 crore as of 31 March 2024 from Rs 805.79 crore as of 31 March 2023 .
PBDT rose 46.97% to Rs 436.14 crore. Provision for depreciation rose 2.52% to Rs 39.92 crore. Fixed assets increased to Rs 937.56 crore as of 31 March 2024 from Rs 891.82 crore as of 31 March 2023. Intangible assets declined from Rs 5.54 crore to Rs 4.18 crore.
Profit before tax grew 53.69% to Rs 396.22 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 91.16 crore, compared to Rs 63.98 crore. Effective tax rate was 23.01% compared to 24.82%.
Minority interest increased 23.81% to Rs -0.16 crore. Net profit attributable to owners of the company increased 57.30% to Rs 305.22 crore.
Equity capital decreased from Rs 16.59 crore as of 31 March 2023 to Rs 16.28 crore as of 31 March 2024 . Per share face Value remained same at Rs 1.00.
Promoters' stake was 69.66% as of 31 March 2024 ,compared to 69.50% as of 31 March 2023 .
Cash flow from operating activities increased to Rs 220.77 crore for year ended March 2024 from Rs 154.91 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 93.39 crore, compared to Rs 113.09 crore during the year ended March 2023.
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