Results     23-May-19
Analysis
Power Mech Projects
Prolific growth continues
Related Tables
 Power Mech Projects: Consolidated Results
The company reported a 34% rise in consolidated net sales to Rs 654.99 crore in Mar 19 quarter. OPM was lower by 30 bps to 12.8% and thus resulting in OP growth of 30% to Rs 83.55 crore. Other income stood at Rs 4.60 crore as compared to Rs 9 lakh for Mar 18 quarter and interest costs were higher by 86% at Rs 18.59 crore. Depreciation was flat at Rs 10.9 crore which resulted in a 35% increase in PBT to Rs 58.66 crore. After providing total tax of Rs 19.91 crore, up by 50% on YoY, PAT stood at Rs 38.75 crore up by 20% YoY. After providing MI of Rs 5.31 crore up by 39% YoY an share of profit from associates of Rs 1.55 crore, consolidated PAT for Mar 19 quarter stood at Rs 34.99 crore up by 34% YoY.

For 12 months ended Mar 19, consolidated net sales were up by 46% to Rs 2261.30 crore. OPM was down by 20bps and stood at 12.9% resulting in a 44% increase in OP to Rs 290.77 crore. Other income was up by 110% to Rs 14.13 crore. Interest cost was up by 54% at Rs 55.07 crore and depreciation was up by 7% to Rs 45.80 crore. Thus, PBT was up by 57% to Rs 204.03 crore. After providing total tax of Rs 62.37 crore, PAT for 12 months ended Mar 19 stood at Rs 141.67 crore. After providing share of profit from JV of Rs 1.53 crore as compared to loss of Rs 0.23 crore and MI of Rs 21.56 crore up by 70%, consolidated PAT for 12 months ended Mar 19 stood at Rs 121.64 crore, up by 53% YoY.

Board recommends final dividend of Rs 1 per equity share of face value of Rs 10 each.

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