Jai Balaji Industries (JAIBALAJI) Q1 22/23 earnings summary

Executive summary

• Q1 FY23 revenue from operations was ₹149,473.30 lacs, compared with ₹97,894.43 lacs in Q1 FY22; profit before tax was ₹2,181.75 lacs versus ₹2,249.73 lacs.

• Results were prepared on a going-concern basis, with normal manufacturing operations continuing.

Financial highlights

• Total income was ₹150,190.91 lacs, versus ₹97,946.42 lacs YoY; other income was ₹717.61 lacs, versus ₹51.99 lacs.

• Total expenses were ₹148,009.16 lacs, versus ₹95,696.69 lacs YoY; cost of materials consumed was ₹107,356.22 lacs, versus ₹73,063.19 lacs.

• Net profit after tax was ₹2,181.75 lacs, versus ₹2,249.73 lacs YoY; no tax expense is listed in the results table.

• Total comprehensive income was ₹2,181.75 lacs, versus ₹2,249.73 lacs YoY; Q1 FY22 included ₹137.74 lacs of other comprehensive income.

Outlook and guidance

• Results were prepared on a going-concern basis, with normal manufacturing operations continuing.

• Changes to Provident Fund and Gratuity contributions under the Social Security Code await effective dates and rules; evaluation and accounting impact are expected when they become effective.