Net sales for the quarter ended Sep 18 of the company stood at Rs 251.04 crore up by 25% on YoY basis. OPM stood at 12.7%, down by 390 bps thus overall OP stood at Rs 31.77 crore, down by 5% YoY. Other income for Sep 18 quarter stood at Rs 2 crore up by 98% YoY. Thus, PBIDT was down by 2% to Rs 33.77 crore. With interest costs being up by 9% to Rs 4.36 crore and depreciation were down by 2% to Rs 8.48 crore, PBT was down by 4% to Rs 20.93 crore. With total tax of Rs 6.99 crore, down by 8% YoY, PAT for the quarter ended Sep 18 stood at Rs 13.94 crore, down by 1% YoY.
For the quarter, sales from the building product segment stood at Rs 191.29 crore up by 13% YoY basis and accounted for 76% of sales. PBIT from the same was down by 16% to Rs 23.53 crore and accounted for 76% of total. PBIT margin stood at 12.3% vis a vis 16.5% for Sep 17 quarter.
For the quarter, sales from the synthetic blended yarn Segment stood at Rs 59.75 crore, up by 88% YoY and accounted for 24% of sales. PBIT from the same was up by more than 999% to Rs 7.45 crore and accounted for 24% of total. PBIT margin stood at 12.5% vis a vis 1.9% for Sep 17 quarter.
Performance for the 6 months ended Sep 18
Net sales for the 6 ended Sep 18 of the company stood at Rs 596.72 crore up by 17% YoY. OPM stood at 14.2%, down by 150 bps, thus overall growth in OP stood at Rs 84.96 crore, up by 6% YoY. Other income stood at Rs 8.91 crore up by 243% YoY. Thus, PBIDT was up by 14% to Rs 93.87 crore. With interest costs being up by 20% to Rs 9.54 crore and depreciation was lower by 3% to Rs 17.07 crore, PBT was up by 18% to Rs 67.26 crore. With total tax of Rs 22.98 crore, up by 15% YoY, PAT for the 6 months ended Sep 18 stood at Rs 44.28 crore, up by 19% YoY.
For the 6 months, sales from the building product segment stood at Rs 486.89 crore up by 13% YoY and accounted for 82% of sales. PBIT from the same was up by 2% to Rs 74.20 crore and accounted for 86% of total. PBIT margin stood at 15.2%.
For the 6 months, sales from the synthetic blended yarn Segment stood at Rs 109.32 crore, up by 37% YoY and accounted for 18% of sales. PBIT from the same was up by 564% to Rs 11.82 crore and accounted for 14% of total. PBIT margin stood at 10.8%.
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