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Consolidated net sales for the quarter ended Mar 19 of the company stood at Rs 289.30 crore, up by 36% on YoY basis. OPM was up by 180 bps to 11%, thus resulted in the OP increase of 61% to Rs 31.80 crore. Other income for Mar 19 quarter stood at Rs 3.60 crore down by 54%. Thus, PBIDT was higher by 28% to Rs 35.40 crore. With interest costs at Rs 0.90 crore and depreciation being higher by 5% to Rs 10.20 crore, PBT was up by 39% to Rs 24.30 crore. With total tax of Rs 8.6 crore, up by 41% YoY, PAT for the quarter ended Mar 19 stood at Rs 15.70 crore, up by 38%. After providing share of associates of Rs 0.9 crore down by 18% YoY, consolidated PAT for Mar 19 quarter stood at Rs 16.60 crore.
For the quarter, sales from the Pumps segment stood at Rs 243.20 crore up by 41%YoY and accounted for 78% of sales. PBIT from the same was up by 34% to Rs 22.5 crore and accounted for 91% of total with PBIT margin at 9.3%
For the quarter, sales from the Valves Segment stood at Rs 46.30 crore up by 17% and accounted for 15% of sales. PBIT from the same stood at Rs 2.3 crore up by 44% YoY with PBIT margin at 5%.
For the quarter, sales from other segment stood at Rs 23.1 crore up by 37% YoY and accounted for 7% of sales. Loss at PBIT level stood at Rs 0.3 crore for Mar 18 quarter as compared to Nil for Mar 19 quarter.
Consolidated Results
For the year ended CY 18, consolidated net sales was up by 16% to Rs 1093.1 crore. OPM stood at 11.7% up by 30 bps resulting in a 19% increase in OP to Rs 128.40 crore. Other income was down by 33% to Rs 20 crore. Interest cost was at Rs 3.7 crore up by 1% and depreciation was up by 29% to Rs 39.70 crore. PBT thus stood at Rs 105 crore up by 2%. After providing total tax of Rs 37.7 crore, PAT stood at Rs 67.3 crore. After providing for profit from associates of Rs 4.3 crore, consolidated PAT for 12 months ended Dec 18 stood at Rs 71.6 crore up by 1%.
For the 12 months, sales from the Pumps segment stood at Rs 915.4 crore up by 13%YoY and accounted for 78% of sales. PBIT from the same was flat at Rs 95.60 crore and accounted for 92% of total with PBIT margin at 10.4%
For the 12 months, sales from the Valves segment stood at Rs 178.2 crore and accounted for 16% of sales. PBIT from the same stood at Rs 12.8 crore as compared to Rs 8.7 crore YoY with PBIT margin at 7.2%.
For the 12 months, sales from other segment stood at Rs 72.9 crore and accounted for 6% of total sales. Loss at PBIT level stood at Rs 2 crore as compared to loss of Rs 78 lakh for 12 months ended Dec17 period.
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