Net sales (including other operating income) of Grauer & Weil (India) has declined 3.59% to Rs 274.8 crore. Sales of Engineering segment has gone down 67.02% to Rs 19.42 crore (accounting for 7.05% of total sales). Sales of Shoppertainment segment fell 1.81% to Rs 9.24 crore (accounting for 3.36% of total sales). Sales of Surface Finishings segment has gone up 13.29% to Rs 246.62 crore (accounting for 89.59% of total sales). Profit before interest, tax and other unallocable items (PBIT) has slumped 5.11% to Rs 59.25 crore. PBIT of Engineering reported loss of Rs 0.06 crore compared to profit of Rs 13.12 crore. PBIT of Shoppertainment segment fell 19.97% to Rs 5.53 crore (accounting for 9.33% of total PBIT). PBIT of Surface Finishings segment rose 26.81% to Rs 53.78 crore (accounting for 90.77% of total PBIT). PBIT margin of Engineering segment fell from 22.28% to 0.31%. PBIT margin of Shoppertainment segment fell from 73.43% to 59.85%. PBIT margin of Surface Finishings segment rose from 19.48% to 21.81%. Overall PBIT margin fell from 21.83% to 21.52%. Operating profit margin has declined from 19.15% to 19.04%, leading to 4.14% decline in operating profit to Rs 52.31 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 51.70% to 51.49%. Purchase of finished goods cost fell from 0.48% to 0.35%. Employee cost decreased from 9.96% to 9.74%. Other expenses rose from 18.76% to 20.31%. Other income rose 27.17% to Rs 11.89 crore. PBIDT rose 0.44% to Rs 64.2 crore. Provision for interest rose 30% to Rs 0.52 crore. PBDT rose 0.25% to Rs 63.68 crore. Provision for depreciation rose 6.53% to Rs 5.71 crore. Profit before tax down 0.33% to Rs 57.97 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 14.85 crore, compared to Rs 15.41 crore. Effective tax rate was 25.62% compared to 26.50%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 0.87% to Rs 43.12 crore. Promoters' stake was 69.04% as of 31 December 2024 ,compared to 69.05% as of 31 December 2023 .
For year-to-date (YTD) results analysis
Net sales (including other operating income) of Grauer & Weil (India) has increased 7.86% to Rs 793.58 crore. Sales of Engineering segment has gone down 26.20% to Rs 71.30 crore (accounting for 8.96% of total sales). Sales of Shoppertainment segment fell 3.65% to Rs 26.69 crore (accounting for 3.35% of total sales). Sales of Surface Finishings segment has gone up 13.48% to Rs 697.96 crore (accounting for 87.69% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 5.13% to Rs 179.77 crore. PBIT of Engineering segment fell 81.05% to Rs 3.38 crore (accounting for 1.88% of total PBIT). PBIT of Shoppertainment segment fell 17.20% to Rs 16.90 crore (accounting for 9.40% of total PBIT). PBIT of Surface Finishings segment rose 20.14% to Rs 159.49 crore (accounting for 88.72% of total PBIT). PBIT margin of Engineering segment fell from 18.47% to 4.74%. PBIT margin of Shoppertainment segment fell from 73.68% to 63.32%. PBIT margin of Surface Finishings segment rose from 21.58% to 22.85%. Overall PBIT margin fell from 23.13% to 22.59%. Operating profit margin has declined from 20.55% to 20.02%, leading to 5.07% rise in operating profit to Rs 158.85 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 49.40% to 48.78%. Purchase of finished goods cost fell from 0.44% to 0.33%. Employee cost increased from 10.40% to 10.46%. Other expenses rose from 19.69% to 20.85%. Other income rose 51.49% to Rs 34.13 crore. PBIDT rose 11.09% to Rs 192.98 crore. Provision for interest rose 20.83% to Rs 1.16 crore. PBDT rose 11.03% to Rs 191.82 crore. Provision for depreciation rose 5.34% to Rs 16.58 crore. Profit before tax grew 11.60% to Rs 175.24 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 43.8 crore, compared to Rs 39.91 crore. Effective tax rate was 24.99% compared to 25.42%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 12.24% to Rs 131.44 crore. Promoters' stake was 69.04% as of 31 December 2024 ,compared to 69.05% as of 31 December 2023 . The scrip is currently trading at Rs 94| Grauer & Weil (India) : Consolidated Results | |||||||||
| Particulars | 2412 (03) | 2312 (03) | Var.(%) | 2412 (09) | 2312 (09) | Var.(%) | 2403 (12) | 2303 (12) | Var.(%) |
| Net Sales | 274.8 | 285.03 | -4 | 793.58 | 735.78 | 8 | 1,068.90 | 981.82 | 9 |
| OPM (%) | 19.0 | 19.1 | 20.0 | 20.5 | 17.8 | 15.8 | |||
| OP | 52.31 | 54.57 | -4 | 158.85 | 151.19 | 5 | 190.47 | 155.34 | 23 |
| Other Inc. | 11.89 | 9.35 | 27 | 34.13 | 22.53 | 51 | 30.99 | 19.02 | 63 |
| PBIDT | 64.2 | 63.92 | 0 | 192.98 | 173.72 | 11 | 221.46 | 174.36 | 27 |
| Interest | 0.52 | 0.4 | 30 | 1.16 | 0.96 | 21 | 4.12 | 1.86 | 122 |
| PBDT | 63.68 | 63.52 | 0 | 191.82 | 172.76 | 11 | 217.34 | 172.5 | 26 |
| Depreciation | 5.71 | 5.36 | 7 | 16.58 | 15.74 | 5 | 21.12 | 19.81 | 7 |
| PBT | 57.97 | 58.16 | 0 | 175.24 | 157.02 | 12 | 196.22 | 152.69 | 29 |
| Share of Profit/(Loss) from Associates | 0 | 0 | 0 | 0 | 0 | 0 | |||
| PBT before EO | 57.97 | 58.16 | 0 | 175.24 | 157.02 | 12 | 196.22 | 152.69 | 29 |
| EO Income | 0 | 0 | LP | 0 | 0 | LP | 0 | -0.72 | PL |
| PBT after EO | 57.97 | 58.16 | 0 | 175.24 | 157.02 | 12 | 196.22 | 151.97 | 29 |
| Taxation | 14.85 | 15.41 | -4 | 43.8 | 39.91 | 10 | 49.94 | 39.01 | 28 |
| PAT | 43.12 | 42.75 | 1 | 131.44 | 117.11 | 12 | 146.28 | 112.96 | 29 |
| Minority Interest (MI) | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Net profit | 43.12 | 42.75 | 1 | 131.44 | 117.11 | 12 | 146.28 | 112.96 | 29 |
| EPS (Rs)* | # | # | # | # | 3.2 | 2.5 | |||
| Notes | |||||||||
| * EPS is on current equity of Rs 45.34 crore, Face value of Rs 1, Excluding extraordinary items. | |||||||||
| # EPS is not annualised | |||||||||
| bps : Basis points | |||||||||
| EO : Extraordinary items | |||||||||
| Figures in Rs crore | |||||||||
| Source: Capitaline Corporate Database | |||||||||
| Grauer & Weil (India) : Consolidated Segment Results | ||||||||||||
|
| % of (Total) | 2412 (03) | 2312 (03) | Var.(%) | % of (Total) | 2412 (09) | 2312 (09) | Var.(%) | % of (Total) | 2403 (12) | 2303 (12) | Var.(%) |
| Sales | ||||||||||||
| Engineering | 7 | 19.42 | 58.89 | -67 | 9 | 71.3 | 96.61 | -26 | 15 | 156.82 | 100.34 | 56 |
| Shoppertainment | 3 | 9.24 | 9.41 | -2 | 3 | 26.69 | 27.7 | -4 | 3 | 36.29 | 36.46 | 0 |
| Surface Finishings | 90 | 246.62 | 217.68 | 13 | 88 | 697.96 | 615.04 | 13 | 82 | 880.08 | 848.91 | 4 |
| Total Reported Sales | 100 | 275.28 | 285.98 | -4 | 100 | 795.95 | 739.35 | 8 | 100 | 1073.19 | 985.71 | 9 |
| Add: Unallocable | 11.41 | 8.4 | 31.76 | 18.96 | 26.7 | 15.13 | 76 | |||||
| Net Sales | 286.69 | 294.38 | -3 | 827.71 | 758.31 | 9 | 1099.89 | 1000.84 | 10 | |||
| PBIT | ||||||||||||
| Engineering | 0 | -0.06 | 13.12 | -100 | 2 | 3.38 | 17.84 | -81 | 13 | 27.89 | 10.15 | 175 |
| Shoppertainment | 9 | 5.53 | 6.91 | -20 | 9 | 16.9 | 20.41 | -17 | 12 | 26.06 | 28.49 | -9 |
| Surface Finishings | 91 | 53.78 | 42.41 | 27 | 89 | 159.49 | 132.75 | 20 | 75 | 162.11 | 134.63 | 20 |
| Total PBIT | 100 | 59.25 | 62.44 | -5 | 100 | 179.77 | 171 | 5 | 100 | 216.06 | 173.27 | 25 |
| Less : Interest | 0.52 | 0.4 | 30 | 1.16 | 0.96 | 21 | 4.12 | 1.86 | 122 | |||
| Add: Other un-allcoable | -0.76 | -3.88 | -80 | -3.37 | -13.02 | -74 | -15.72 | -19.44 | -19 | |||
| PBT | 57.97 | 58.16 | 0 | 175.24 | 157.02 | 12 | 196.22 | 151.97 | 29 | |||
