Industrial Machinery company Kabra Extrusion Technik announced Q3FY23 results: Q3FY23: Operating Revenues at Rs 2,068 million in Q3FY23 as compared to Rs 1,054 million in Q3FY22 – registering growth of 96.3% YoY Extrusion Machinery revenues stood at Rs 878 million in Q3FY23 as compared to Rs 680 million in Q3FY22 - registering a growth of 29.2% YoY Battrixx revenues grew exponentially by 218.7% YoY to Rs 1,200 million in Q3FY23 EBITDA stood at Rs 221 million in Q3FY23 as compared to Rs 162 million in Q3FY22 – growing 36.3% YoY Profit After Tax was at Rs 115 million in Q3FY23 vs Rs 88 million in Q3FY22 – registering a strong growth of 30.8% YoY. EPS for Q3FY23 stood at Rs 3.28 as compared to Rs 2.75 in Q3FY22 9MFY23: Operating Revenues at Rs 4,920 million in 9MFY23 as compared to Rs 2,438 million in 9MFY22 – registering growth of 101.8 % YoY Revenue from Extrusion business grew by 10.1% YoY to Rs 2,159 million in 9MFY23 Battrixx revenues grew exponentially by 460.9% YoY to Rs 2,790 million in 9MFY23 EBITDA stood at Rs 507 million in 9MFY23 as compared to Rs 353 million in 9MFY22; up 43.9% YoY Profit After Tax was at Rs 251 million in 9MFY23 vs Rs 181 million in 9MFY22 EPS for 9MFY23 stood at Rs 7.18 as compared to Rs 5.67 in 9MFY22 Commenting on the performance, Managing Director of Kabra ExtrusionTechnik, Mr. Anand Kabra said, “Kabra ExtrusionTechnik’s operating revenue surged by 96.3% YoY to Rs 2,068 million in Q3FY23 aided by strong growth in the Battrixx division revenues. India’s Electric Vehicle (EV) industry surpassed 1-million-unit sales milestone in the Calendar Year 2022. The Battrixx sales continued to experience exponential growth of 218.7% YoY to Rs 1,200 million in Q3FY23 aided by voluntary EV adoption by individuals, B2B purchases by fleet operators, adoption of FAME II and increased charging infrastructure leading to improved EV penetration in India.” He also added, “The mandatory AIS 156 Phase I implementation from 1st December 2022 was a crucial move towards strengthening EV batteries quality backed by better design and high safety standards. Since inception, Battrixx adopted AIS 156 compliant battery packs, hence we could easily transition to the Government’s safety norms and fulfil OEMs demand. The stringent battery safety norms will act as an entry barrier strengthening the value proposition of the organized players.” Result PDF
Industrial machinery company Kabra Extrusion Technik announced Q2FY23 results: Q2FY23: Operating Revenues at Rs 1,800 million in Q2 FY23 as compared to Rs 831 million in Q2 FY22 - registering growth of 116.7% YoY Extrusion Machinery revenues stood at Rs 704 million in Q2 FY23 as compared to Rs 754 million in Q2 FY22 - registering a degrowth of 6.7% YoY Battrixx revenues grew exponentially by 1,138.6% YoY to Rs 1,110 million in Q2 FY23 EBITDA stood at Rs 180 million in Q2 FY23 as compared to Rs 122 million in Q2FY22 - growing 47.7% YoY Profit After Tax was at Rs 95 million in Q2 FY23 vis-a-vis Rs 66 million in Q2 FY22 - registering a strong growth of 44.6% YoY EPS for Q2 FY23 stood at Rs 2.71 as compared to Rs 2.06 in Q2 FY22 H1FY23: Operating Revenues at Rs 2,852 million in H1 FY23 as compared to Rs 1,384 million in H1 FY22 - registering growth of 106.0% YoY Revenue from Extrusion business stood flat at Rs 1,281 million in H1 FY23 Battrixx revenues grew exponentially by 1,209.5% YoY to Rs 1,590 million in H1 FY23 EBITDA stood at Rs 286 million in H1 FY23 as compared to Rs 190 million in H1 FY22; up 50.3% YoY Profit After Tax was at Rs 136 million in H1 FY23 vis-a-vis Rs 93 million in H1 FY22 EPS for H1 FY23 stood at Rs 3.90 as compared to Rs 2.92 in H1 FY22 Commenting on the performance, Managing Director of Kabra ExtrusionTechnik, Mr. Anand Kabra said, “Kabra ExtrusionTechnik’s operating revenue grew by 116.7% YoY to % 1,800 Mn in Q2 FY23 supported by robust growth in Battrix division revenues. The Battrixx sales grew exponentially by 1,138.6% YoY to 2 1,110 Mn in Q2 FY23 supported by strong festive demand of E 2 Wheelers aided by increase in realizations for battery packs.” He also added, “Battrixx remains amongst few industry players which has capabilities to handle multiple chemistries and types of cells. The Company is the largest chemistry agnostic battery pack manufacturer and the R&D; team has expertise across Electrical & Electronics including smart Battery Management System (BMS), Internet of Things (IoT) and Data Analytics Solutions. Kabra ExtrusionTechnik eyes to penetrate into other Electric Vehicle (EV) segment category and create longterm value for the esteemed stakeholders.” Result PDF
Industrial Machinery company Kabra Extrusion Technik Announced Q1FY23 Result : Revenue has increased by 90% (to Rs 105 crs) for quarter ended June’22 on YoY basis. Battery division has achieved revenue of Rs 48 crs, up by 1500% for the quarter ended June’22 v/s of Rs 3.2 crs for quarter ended June’21. Revenue for Extrusion Machinery division has increased by 9.5% (Rs 57.2 crs) during the quarter ended June’22 on YoY basis. Operating Margin (EBIDTA) has increased to Rs 10.65 crs (from Rs 6.85 crs), up by 56% for quarter ended June’22 on YoY basis. PBT has increased to Rs 6.4 crs (from Rs 4.2 crs), up by 52% for quarter ended June’22 on YoY basis. Result PDF
Industrial Machinery company Kabra Extrusion Technik declares Q4FY22 result: Revenue has increased by 52% for quarter ended Mar’22 on YoY basis. Revenue has increased by 47% for year ended Mar’22 on YoY basis. Battery division has achieved revenue of Rs 59.40 crs for the quarter ended Mar’22 which is up by 58% over quarter ended Dec’21 (Rs 37.66 crs) and achieved total revenue of Rs 109.15 crs for year ended Mar’22 v/s of Rs 1.96 crs for year ended Mar’ 21. Revenue for Extrusion division has increased by 8.6% during the current financial year ended Mar’ 22 on YoY basis. Operating Margin (EBIDTA) has increased to Rs 19.95 crs (from Rs 18.12 crs), up by 10% for quarter ended Mar’22 on YoY basis. Operating Margin (EBIDTA) has increased to Rs 57.20 crs (from Rs 43.62 crs), up by 31% for year ended Mar’22 on YoY basis. PBT has increased to Rs 15.98 crs (from Rs 15.04 crs), up by 6% for quarter ended Mar’ 22 on YoY basis. PBT has increased to Rs 43.28 crs (from Rs 31.25 crs), up by 38% for year ended Mar’ 22 on YoY basis. Result PDF
Industrial Machinery company Kabra Extrusion Technik declares Q3FY22 result: Revenue has increased by 70% for quarter ended Dec.’21 on YoY basis. Revenue has increased by 45% for 9 months ended Dec.’21 on YoY basis. Battery division has achieved revenue of Rs 37.6 crs for the quarter ended Dec.’21 which is up by 423% over quarter ended Sept.’21 (Rs 8.9 crs) and achieved total revenue of Rs 49.7 crs for 9 months ended Dec.’21 v/s of Rs 0.85 crs for 9 months ended Dec.’20. Battrixx division has become profitable in quarter ended Dec’21. Revenue for Extrusion division has increased by 10% & 16% for quarter & 9 months ended Dec.’21 respectively on YoY basis. Operating Margin (EBIDTA) has increased to Rs 16.5 crs (from Rs 11.9 crs), up by 39% for quarter ended Dec.’21 on YoY basis. Operating Margin (EBIDTA) has increased to Rs 37.2 crs (from Rs 25.5 crs), up by 46% for 9 months ended Dec.’21 on YoY basis. PBT has increased to Rs 12.9 crs (from Rs 8.6 crs), up by 49% for quarter ended Dec.’21 on YoY basis. PBT has increased to Rs 27.3 crs (from Rs 16.2 crs), up by 68% for 9 months ended Dec.’21 on YoY basis. Result PDF