• Downside in revenue was largely due to fall in all 3 segment of the company. While the segment sales of cables was down by 24% to Rs 646.21 crore that of SS wire was down by 35% to Rs 20.77 crore. The sales of EPC was down by 43% to Rs 176.33 crore.
  
• EBIT was down by 31% to Rs 93.19 crore with downside coming from all business segments. Segment profit of cables was down by 16% to Rs 75.27 crore dragged largely by lower sales as its segment margin expand by 120 bps to 11.6%. Better margin seems largely due to favorable mix with increased contribution from exports. The segment profit of SS wire was down by 95% to Rs 0.10 crore hit by lower sales and lower margin. Similarly the segment profit of EPC Projects was down by 60% to Rs 17.82 crore hit by lower sales and lower margin.  

Yearly performance  

Sales was up by 16% to Rs 4884.27 crore and the operating profit was up by 12% to Rs 496.04 crore as the OPM contract by 30 bps to 10.2%. After accounting for higher other income, lower interest and higher depreciation, the PBT was down by 17% to Rs 326.67 crore. Taxation was down by 27% to Rs 71.56 crore and thus the PAT was up by 40% to Rs 255.10 crore.  

Order book  

Order backlog as end of July 31, 2020 stood at Rs 2951 crore (EPC Rs 1094 crore; EPC EHV 627 crore; cables Rs 1112 crore; Exports 118 crore) compared to RS 3244 crore (EPC Rs 1233 crore; EPC EHV 731 crore; cables Rs 1116 crore; Exports 164 crore) as end of Mar 31, 2020.  

July sales is as good as last year sales. Institutional sales and exports sales was good. The retail sales is reaching around 95% of pre-covid level. However due to prevailing uncertain conditions due to intermittent lockdowns this trend will continue or not could not be said.