Net sales from Pump segment, which constitute about 79% of total sales, grew by 4% to Rs 169.99 crore. Net sales from Valves segment which constitute about 14% of total sales, de-grew by 14% to Rs 30.54 crore. PBIT for Pump segment grew by 11% to Rs 21.89 crore on YoY basis. PBIT margin for the segment stood at 12.9% as compared to 12.1% for June'15 quarter. Loss at PBIT level for Valve segment stood at Rs 1.42 crore as compared to profit at PBIT level of Rs 1.96 crore for the June'15 quarter. PBIT margin for Valve segment for June'15 quarter stood at 5.5%.

Performance for the half year ended June'16

For the half year ended June'16 net sales of the company stood at Rs 414.20 crore, up by 6% on YoY basis. OPM increased by 320 bps to 11.9%, thus resulted in an OP of Rs 49.32 crore up by 45% YoY. Other income for June'16 quarter stood at Rs 13.55 crore as compared to Rs 21.26 crore for half year ended June'15, due to higher dividend income from subsidiary and provision written back in half year ended June'15. Thus, PBIDT was up by 14% to Rs 62.87 crore. With interest costs being down by 71% to Rs 0.40 crore and depreciation was up by 4% to Rs 14.44 crore, PBT was up by 20% to Rs 48.03 crore. With total tax of Rs 16.62 crore, up by 47% YoY, PAT for the half year ended June'16 stood at Rs 31.41 crore, up by 10%.

Net sales from Pump segment, which constitute about 79% of total sales, grew by 9% to Rs 347.12 crore. Net sales from Valves segment which constitute about 14% of total sales, de-grew by 10% to Rs 61.96 crore. PBIT for Pump segment grew by 55% to Rs 44.52 crore on YoY basis. PBIT margin for the segment stood at 12.8% as compared to 9% for half year ended June'15. Loss at PBIT level for Valve segment stood at Rs 1.20 crore as compared to profit at PBIT level of Rs 1.73 crore for half year ended June'15.