|
Tide water oil (India) consolidated net sales rose 5% to Rs 364.32 crore in Q3FY21 compared to Q3FY20. The company operating margins increased 580 bps to 15.4% leading to 22% rise in operating profits to Rs 56.24 crore.
Other income decreased 20% to Rs 4.88 crore compared to Rs 6.1 crore. Interest cost was Rs 49 lakh compared to Rs 75 lakh. Depreciation was up 11% to Rs 3.64 crore. PBT was up 18% to Rs 56.99 crore.
Provision for taxation rose 21% to Rs 13.7 crore after which PAT stood at Rs 43.29 crore against Rs 36.82 crore. Further considering share of profit of JV and associate Net profit rose 14% to Rs 47.69 crore.
Consolidated Performance for nine months ended Dec'20
In 9MFY21, sales fell 12% to Rs 893.8 crore. OPM rose 400 basis points to 13.6% which saw OP rise 10% to Rs 121.13 crore.
Other income rose 1% to Rs 15.79 crore and interest cost decreased 23% to Rs 1.54 crore. As deprecation grew 13% to Rs 10.46 crore, PBT went up 9% to Rs 124.92 crore.
Provision for taxation rose 7% to Rs 31.92 crore after which PAT stood at Rs 93 crore against Rs 84.88 crore. Further considering share of profit of JV and associate Net profit rose 7% to Rs 104.67 crore
The scrip is currently trading at Rs 4496
|