Half yearly performance
Consolidated sales for the quarter were up by 3% to Rs 1024.36 crore. With OPM flat at 13%, the operating profit was up by 3% largely due to higher sales. However the PBT was down by 5% to Rs 83.81 crore hit largely by lower OI, higher interest even as depreciation stand lower. The taxation was down by 7% to Rs 22.41 crore. Eventually the PAT was down y 4% to Rs 61.40 crore. After accounting for share of profit from JV and MI the net profit was up by 20% to Rs 63.51 crore largely due to a swing of Rs 11.96 crore to a share of loss of Rs 0.70 crore.
Order book
Order backlog as on 30th Sep 2019 Rs 7213.0 crore with order inflow in H1FY20 stand at Rs 1340.2 crore. Including the orders received so far in Q3FY20 (upto Nov 17 2019) the order backlog as end of Nov 17, 2019 stood at Rs 7424 crore [power 49%; non power 51%]. Similarly of the YTD (upto Nov 17, 2019) order inflow of Rs 1551.2 crore about 82% is power orders and 18% is non power.
The YTD order backlog includes orders worth Rs 2112 crore from Government of Andhra Pradesh. Excluding AP orders the order book will be Rs 5312 crore.