Consolidated sales for the quarter increased by 60 percent to Rs.1129 Crores from Rs.706 Crores last year, driven by steady performance across business segments. However, profit after tax and non-controlling interest fell by 2 percent compared to Q1 of last year.
August 2022 : Consolidated sales for the quarter, increased by 60 percent to Rs.1129 Crores from Rs.706 Crores last year, driven by steady performance across business segments and additional sales of Rs.181 Crores from newly acquired subsidiaries. At the standalone level, sales grew by 29 percent to Rs.600 Crore from Rs.465 Crore.
On a consolidated basis, profitability for the quarter recorded strong growth across the Minerals and Ceramics segments. Profit after tax and non-controlling interest for the quarter grew by 38 percent to Rs.79 Crore against Rs.57 Crore in Q4 of last year. However, Profit after tax and non-controlling interest for the quarter grew up by 2 percent compared to Q1 of last year. The profit for the quarter was mainly impacted by exchange loss in the Russian Subsidiary due to the strengthening of the Rouble.
The capital expenditure incurred during the quarter was Rs.56 Crore at the consolidated level. The debt-equity ratio was at 0.09. The net cash was at Rs.118 Crore.
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