Results     14-Feb-19
Analysis
Power Mech Projects
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 Power Mech Projects: Consolidated Results
The company reported a 72% rise in consolidated net sales to Rs 609.88 crore in Dec 18 quarter. OPM was lower by 50 bps to 12.8% and thus resulting in OP growth of 65% to Rs 78.01 crore. Other income was higher by 57% to Rs 2.96 crore and interest costs was higher by 21% at Rs 11.65 crore. Depreciation was higher by 11% to Rs 12.01 crore which resulted in a 100% increase in PBT to Rs 57.31 crore. After providing total tax of Rs 18.47 crore, up by 122% on YoY, PAT stood at Rs 38.84 crore up by 91% YoY. After providing MI of Rs 4.99 crore up by 138% YoY, consolidated PAT for Dec 18 quarter stood at Rs 33.88 crore up by 87% YoY.

Consolidated performance for 9 months ended Dec 18

For 6 months ended Dec 18, consolidated net sales were up by 52% to Rs 1606.32 crore. OPM was down by 20bps and stood at 12.9% resulting in a 50% increase in OP to Rs 207.24 crore. Other income was up by 44% to Rs 9.53 crore. Interest cost was up by 41% at Rs 36.48 crore and depreciation was up by 9% to Rs 34.90 crore. Thus, PBT was up by 67% to Rs 145.39 crore. After providing total tax of Rs 42.45 crore, PAT for 9 months ended Dec 18 stood at Rs 102.93 crore. After providing share of loss from JV of Rs 2 lakh and MI of Rs 16.25 crore, consolidated PAT for 9 months ended Dec 18 stood at Rs 86.67 crore, up by 62% YoY.

Order book as on 13 Feb 2019 stands at Rs 6735 crore. Order inflow in FY 19 so far upto 13 Feb 2019 stands at Rs 4070 crore.

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