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Net sales for the quarter ended Dec'16 of the company stood at Rs 202.42 crore, down by 6% on YoY basis. OPM increased by 310 bps to 10.7%, thus resulted in an OP of Rs 21.60 crore up by 31% YoY. Other income for Dec'16 quarter stood at Rs 0.43 crore as compared to Rs 0.46 crore for Dec'15 quarter. Thus, PBIDT was up by 30% to Rs 22.03 crore. With interest costs being down by 18% to Rs 4.71 crore and depreciation lower up by 3% to Rs 8.74 crore, PBT was up by 285% to Rs 8.58 crore. With total tax of Rs 3.19 crore, up by 185% YoY, PAT for the quarter ended Dec'16 stood at Rs 5.39 crore, as compared to 1.11 crore for Dec'15 quarter.
Net sales from Building Product segment, which constitute about 78% of total sales, were lower by 6% on YoY basis to Rs 157.35 crore. Net sales from Synthetic blended yarn segment which constitute about 22% of total sales, grew by 7% to Rs 43.63 crore. PBIT for Building Product segment grew by 138% to Rs 15.76 crore on YoY basis. PBIT margin for the segment stood at 10% as compared to 3.9% for Dec'15 quarter. PBIT for Synthetic blended yarn segment stood at Rs 3.55 crore as compared to PBIT of Rs 5.46 crore for the Dec'15 quarter. PBIT margin for Synthetic blended yarn segment for Dec'16 quarter stood at 8.1% as compared to 13.3% for Dec'15 quarter.
Performance for the 9 months ended Dec'16
Net sales for the 9 months ended Dec'16 of the company stood at Rs 712.06 crore, down by 2% on YoY basis. OPM increased by 260 bps to 11.9%, thus resulted in an OP of Rs 84.45 crore up by 25% YoY. Other income for 9 months ended Dec'16 stood at Rs 3.27 crore as compared to Rs 2.29 crore for 9 months ended Dec'15. Thus, PBIDT was up by 25% to Rs 87.72 crore. With interest costs being down by 19% to Rs 12.99 crore and depreciation lower up by 11% to Rs 24.98 crore, PBT was up by 92% to Rs 49.75 crore. With total tax of Rs 18.95 crore, up by 83% YoY, PAT for the 9 months ended Dec'16 stood at Rs 30.80 crore, as compared to 15.52 crore for 9 months ended Dec'15 period.
Net sales from Building Product segment, which constitute about 81% of total sales, was lower by 3% on YoY basis to Rs 568.96 crore. Net sales from Synthetic blended yarn segment which constitute about 19% of total sales, grew by 6% to Rs 135.02 crore. PBIT for Building Product segment grew by 98% to Rs 68.24 crore on YoY basis. PBIT margin for the segment stood at 12% as compared to 5.9% for the 9 months ended Dec'15. PBIT for Synthetic blended yarn segment stood at Rs 15.90 crore as compared to PBIT of Rs 20.23 crore for the 9 months ended Dec'15. PBIT margin for Synthetic blended yarn segment for the 9 months ended Dec'16 stood at 11.8% as compared to 15.9% for 9 months ended Dec'15.
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