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Net sales for the quarter ended Mar'16 of the company stood at Rs 210.58 crore, up by 11% on YoY basis. OPM however jumped by 540 bps to 11.9%, thus resulted in an OP of Rs 25.01 crore up by 106% YoY. Other income stood at Rs 6.64 crore, up by 28%. With interest costs being down by 82% to Rs 0.14 crore and depreciation was up by 3% to Rs 7.13 crore, PBT increased further and stood at Rs 24.38 crore, up by 153%. With total tax of Rs 8.93 crore, up by 176% YoY, PAT for the quarter ended Mar'16 stood at Rs 15.45 crore, up by 141%.
Net sales from Pump segment, which constitute about 79% of total sales, grew by 14% to Rs 177.13 crore. Net sales from Valves segment which constitute about 14% of total sales, de-grew by 5% to Rs 31.42 crore. PBIT for Pump segment for Mar'16 quarter grew by 148% to Rs 22.63 crore on YoY basis. PBIT margin for the segment stood at 12.8% as compared to 5.9% for Mar'15 quarter. PBIT level for Valve segment stood at Rs 0.22 crore as compared to loss at PBIT level of Rs 0.23 crore for the Mar'15 quarter. PBIT margin for Valve segment for Mar'16 quarter stood at 0.7%.
Standalone Performance for the 12 months ended Dec 2015
Standalone Net sales for the 12 months ended Dec'15 of the company stood at Rs 818.81 crore, up by 2% on YoY basis. OPM however was up by 30 bps to 12.7%, thus resulted in an OP of Rs 104.12 crore up by 5% YoY. Other income stood at Rs 30.87 crore, up by 12%. With interest costs being lower by 20% to Rs 1.73 crore and depreciation up by 1% to Rs 27.77 crore, PBT stood at Rs 105.49 crore, up by 9%. Total tax being up by 12% to Rs 35.66 crore, thus standalone PAT for the 12 months ended Dec'15 stood at Rs 69.83 crore, up by 7% YoY.
Net sales from Pump segment, which constitute about 78% of total sales, grew by 1% to Rs 673.67 crore. Net sales from Valves segment which constitute about 16% of total sales, grew by 8% to Rs 138.16 crore. PBIT for Pump segment for 12 months ended Dec'15 de grew by 2% to Rs 83.69 crore on YoY basis. PBIT margin for the segment stood at 12.4% as compared to 12.8%. PBIT level for Valve segment stood at Rs 8.47 crore as compared to loss of Rs 1.67 crore for the 12 months ended Dec'14. PBIT margin for Valve segment stood at 6.1%.
Consolidated Performance for the 12 months ended Dec 2015
Consolidated net sales for the 12 months ended Dec'15 of the company stood at Rs 820.73 crore, up by 2% on YoY basis. OPM however was up by 30 bps to 12.9%, thus resulted in an OP of Rs 105.93 crore up by 5% YoY. Other income stood at Rs 24.06 crore, up by 5%. With interest costs being lower by 19% to Rs 1.74 crore and depreciation up by 1% to Rs 27.77 crore, PBT stood at Rs 100.48 crore, up by 7%. Total tax being up by 12% to Rs 36.36 crore, thus consolidated PAT for the 12 months ended Dec'15 stood at Rs 64.12 crore, up by 4% YoY. Profit from Associates company stood at Rs 4.61 crore as compared to Rs 6.62 crore for 12 months ended Dec'14 period. Thus, consolidated PAT for 12 months ended Dec'15, after considering the profit from associate company stood at Rs 68.73 crore, flat on YoY basis.
The board of directors have recommended final dividend of Rs 5.50 per share of face value of Rs 10 each for 12 months CY ended Dec'15.
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