• Upside in revenue was largely due to strong growth in both business division of the company i.e. machine manufacturing and trading activities. Segment revenue of machine manufacturing was up by 15% to Rs 21.53 crore or 67% of total sales. But the segment revenue of trading activities jumped up by 72% to Rs 10.65 crore (or 33% of total sales).
• The EBIT was down by 3% to Rs 3.05 crore and the downside is largely due to lower profit registered by machine manufacturing business. Segment profit of machine manufacturing despite higher sales was down by 16% to Rs 1.94 crore as its segment margin contract by sharp 320 bps to 9%. However the segment profit of trading activity was up by 32% to Rs 1.11 crore largely due to higher sales as even its segment margin was down by 300 bps to 10.4%.
• OPM inched up by just 20 bps to 11.5% and that was largely due to lower material cost. The material cost including cost of traded goods as proportion to sales net of stocks was lower by 1080 bps to 57.5%. The staff cost was up by 380 bps to 12.4%. Similarly that of other expenses was up by 560 bps to 17.4%. Though material cost stood lower sharply that was almost negated by higher staff cost and OE.
• The other income down by 16% to Rs 0.47 crore. Thus the growth at PBIDT was 8% to Rs 3.52 crore. As interest cost stand lower by 36% to Rs 0.30 crore and depreciation stand higher by sharp 308% to Rs 0.47 crore, the growth at PBT moderated and stood at 3% to Rs 2.75 crore.
• The taxation net of deferred tax was down by 4% to Rs 0.65 crore and the tax rate were lower at 23.8% compared to 25.6% in corresponding previous period. Thus the PAT was up by 6% to Rs 2.09 crore.

Yearly performance

Standalone sale for the period was up by 19% to Rs 83.11 crore and with OPM down by 70 bps to 9.8% the growth at operating profit restricted at 11% to Rs 8.16 crore. The PAT was eventually higher by 37% to Rs 5.13 crore gained by higher OI, lower interest and lower tax rate.

Consolidated net profit was up by 35% to Rs 5.14 crore on a sale of Rs 83.11 crore, a growth of 19%.