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Net sales for the quarter ended Dec 17 of the company stood at Rs 328.19 crore, up by 31% on YoY basis. OPM however was lower by 210 bps to 12.9%, thus restricted the OP growth to 13% to Rs 42.32 crore. Other income for Dec 17 quarter stood at Rs 9.75 crore up by 101%. Thus, PBIDT was higher by 23% to Rs 52.07 crore. With interest costs at Rs 0.75 crore and depreciation being higher by 11% to Rs 8.50 crore, PBT was higher by 28% to Rs 42.82 crore. With total tax of Rs 15.47 crore, up by 43% YoY, PAT for the quarter ended Dec 17 stood at Rs 27.35 crore, up by 21%.
For the quarter, sales from the Pump Segment stood at Rs 276.14 crore and accounted for 80% of sales. PBIT from the same was up by 41% to Rs 39.53 crore and accounted for 88% of total.
For the quarter, sales from the Valves Segment stood at Rs 52.18 crore and accounted for 15% of sales. PBIT from the same stood at Rs 5.41 crore as compared to Rs 3.47 crore for Dec 16 quarter and accounted for 12% of total.
For the quarter, sales from other segment stood at Rs 15.97 crore and accounted for 5% of sales. Loss at PBIT level stood at Rs 4 lakh as compared to profit of Rs 32 lakh for Dec 16 quarter.
Performance for the 12 months ended Dec 17
For the 12 months ended Dec 17 net sales of the company stood at Rs 944.32 crore, up by 14% on YoY basis. OPM decreased by 140 bps to 11.4%, thus resulted in an OP of Rs 107.51 crore up by 2% YoY. Other income for Dec 17 quarter stood at Rs 31.71 crore up by 21% YoY. Thus, PBIDT was higher by 6% to Rs 139.22 crore. With interest costs being higher by 17% to Rs 3.67 crore and depreciation were up by 5% to Rs 30.88 crore, PBT was higher by 6% to Rs 104.67 crore. With total tax of Rs 36.96 crore, up by 10% YoY, PAT for the 12 months ended Dec 17 stood at Rs 67.71 crore, up by 4%.
For the 12 months, sales from the Pumps segment stood at Rs 807.94 crore and accounted for 77% of sales. PBIT from the same was up by 6% to Rs 95.35 crore and accounted for 92% of total.
For the 12 months, sales from the Valves segment stood at Rs 161.42 crore and accounted for 15% of sales. PBIT from the same stood at Rs 8.7 crore as compared to Rs 1.99 crore for the 12 months ended Dec 16 and accounted for 8% of total.
For the 12 months, sales from other segment stood at Rs 74.32 crore and accounted for 7% of total sales. Loss at PBIT level stood at Rs 78 lakh as compared to loss of Rs 23 lakh for 12 months ended Dec 16 period.
Consolidated Performance for 12 months ended Dec 2017
For 12 months ended Dec 17, consolidated net sales were up by 14% to Rs 944.34 crore. OPM was down by 60 bps to 11.4% restricting the OP growth to 1% to Rs 107.49 crore. Other income was up by 22% to Rs 29.81 crore. Interest cost was up by 17% to Rs 3.67 crore. Depreciation was up by 5% to Rs 102.75 crore. After providing total tax of Rs 37.05 crore and Profit from associates of Rs 5.18 crore, consolidated PAT for 12 months ended Dec 17 stood at Rs 70.88 crore, up by 3% YoY.
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