Performance for the 12 months ended Mar 18

For the 12 months ended Mar 18, net sales stood at Rs 614.79 crore down by 1% on YoY basis. OPM improved by 250 bps to 11.5% resulting in OP growth of 26% to Rs 70.77 crore. Other income was up by 1% to Rs 71.39 crore. Interest income stood at Rs 2.08 crore and depreciation was higher by 7% to Rs 12.60 crore. This has resulted in a PBT of Rs 131.64 crore up by 15% YoY. After providing total tax of Rs 42.76 crore up by 15% YoY, PAT for 12 months ended Mar 18 stood at Rs 88.88 crore, up by 15% YoY.

Domestic revenue which account for around 70% of total sales was up by around 5% in FY 18 while exports which account for remaining 30%, were lower by 4%.

The company introduced new models in next generation air compressors division in FY 18. These models are solutions towards more energy efficient and high capacity air requirements.