OPM was down by about 110 bps to 14.3%, thus resulting in a 4% fall in OP to Rs 27.41 crore. Other income was down by 12% to Rs 3.64 crore. Depreciation was higher by 27% to Rs 5.28 crore. After providing total tax of Rs 9.11 crore, down by 6%, PAT for quarter ended Mar 19 stood at Rs 16.65 crore down by 7% YoY.

Performance for the 12 months ended Mar 19

Company's engine sales witnessed a growth of 8.3% and stood at 99638 units for 12 months ended Mar 19. With the rise in engine sale volume coupled with increase in the share of higher HP engine sale, net sales for 12 months ended Mar 19 grew by 13% to Rs 871.74 crore.

OPM was down by 70 bps to 15.1% restricting the OP growth to 8% to Rs 131.65 crore. Other income was down by 19% to Rs 15.38 crore. Depreciation was up by 16% to Rs 19.54 crore. Interest cost stood at Rs 9 lakh. After providing total tax of Rs 44.98 crore up by 6%, PAT for the 12 months ended Mar 19 stood at Rs 82.42 crore up by 3%.

The Board has recommended an equity dividend of 250% (Rs.25.00 per share of face value of Rs 10 each) for the financial year ended 31 March, 2019. Further, considering the overall fund position of the company, the Board, over and above the said normal dividend, has also recommended a special dividend payment of 250% (Rs. 25.00 per share), taking the total dividend to 500% (Rs. 50.00 per share of face value of Rs 10 each) for the FY 2018-19.