For the quarter, sales from the building product segment stood at Rs 214.37 crore flat on YoY basis and accounted for 83% of sales. PBIT from the same was up by 5% to Rs 32.88 crore and accounted for 90% of total. PBIT margin stood at 15.3% vis a vis 14.6% for Mar 17 quarter.

For the quarter, sales from the synthetic blended yarn Segment stood at Rs 45.23 crore, up by 11% YoY and accounted for 17% of sales. PBIT from the same was up by 258% to Rs 3.51 crore and accounted for 10% of total. PBIT margin stood at 7.8% vis a vis 2.4% for Mar 17 quarter.

Performance for the 12 months ended Mar 18

Net sales for the 12 ended Mar 18 of the company stood at Rs 1012.32 crore up by 5% YoY. OPM stood at 14.8%, up by 260 bps, thus overall growth in OP stood at Rs 150.17 crore, up by 28% YoY. Other income for 12 ended Mar 18 stood at Rs 4.57 crore down by 20% YoY. Thus, PBIDT was up by 26% to Rs 154.74 crore. With interest costs being down by 7% to Rs 18.26 crore and depreciation was higher by 2% to Rs 34.84 crore, PBT was up by 47% to Rs 101.64 crore. With total tax of Rs 35.09 crore, up by 33% YoY, PAT for the 12 ended Mar 18 stood at Rs 66.56 crore, up by 56% YoY.

For the 12 months, sales from the building product segment stood at Rs 842 crore up by 8% YoY and accounted for 83% of sales. PBIT from the same was up by 34% to Rs 135.36 crore and accounted for 94% of total. PBIT margin stood at 16.1%.

For the 12 months, sales from the synthetic blended yarn Segment stood at Rs 170.32 crore, down by 5% YoY and accounted for 17% of sales. PBIT from the same was down by 53% to Rs 8.01 crore and accounted for 6% of total. PBIT margin stood at 4.7% for FY 18.

The board has declared a dividend of Rs 7 per equity share of face value of Rs 10 each for FY 18.