• Upside in revenue was largely due to strong growth in revenue of machine manufacturing business. The segment revenue of machine manufacturing was up by 52% to Rs 22.28 crore. The segment revenue of trading activities was up by 18% to Rs 6.79 crore.
• OPM expanded by 90 bps to 8.9% and that was largely due to lower staff and OE cost. Material cost as proportion to sales net of stocks was higher by 550 bps to 74.6%. But that of staff cost was lower by 320 bps to 9.1%. Similarly the OE cost was lower by 210 bps to 8.2%. Thus gained by higher sales and higher margin, the operating profit was up by 59% to Rs 2.43 crore.
• EBIT was up by 65% to Rs 2.24 crore with segment profit of both machine manufacturing and trading activities register double digit growth. Segment profit of machine manufacturing was up by sharp 88% to Rs 1.45 crore and that of trading activities was up by 35% to Rs 0.79 crore. While segment margin of machine manufacturing expanded by 120 bps to 6.5% that of trading activities expanded by sharp 150 bps to 11.6%.
• Other income was lower by 8% to Rs 0.05 crore and thus the PBIDT was up by 57% to Rs 2.48 crore. The interest cost was down by 51% to Rs 0.18 crore. And the depreciation was up by 7% to Rs 0.23 crore. Thus the PBT before EO was up by 110% to Rs 2.07 crore.
• The taxation in absolute terms was up by 82% to Rs 0.31 crore, and the tax rate was lower at 15.0% compared to 17.1% in corresponding previous period. Thus the PAT was higher by 113% to Rs 1.76 crore.

Half yearly performance

Sales were up by 28% to Rs 46.29 crore. Higher sales together with 80 bps expansion in OPM facilitated 40% growth at operating profit to Rs 4.42 crore. Eventually the PAT was up by 77% to Rs 2.96 crore facilitated by higher OI, lower interest and depreciation as proportion to OP and lower tax incidence.