• Upside in revenue is largely due to sharp jump in revenue of both Textile Machinery Division (TMD) and Machine Tools & Foundry Division (MTFD). The segment revenue of TMD was up by 40% to Rs 328.06 crore (or 66% of sales). Similarly the segment revenue of MTFD was up by 74% to Rs 161.80 crore (or 33% of sales). However the segment revenue of Advanced Technology Centre (ATC) was up by 12% (to Rs 7.45 crore).

• PBIT was a profit of Rs 30.62 crore (compared to a loss of Rs 6.16 crore in corresponding previous period) as both TMD and MTFD see sharp jump in profits. The segment profit of TMD was Rs 21.44 crore compared to a loss of Rs 7.79 crore in the corresponding previous period. However the segment profit of MTFD was up by 264% to Rs 16.56 crore. The segment loss of ATC was Rs 7.37 crore compared to a loss of Rs 2.91 crore in the corresponding previous period.

Nine month performance

Consolidated sales for the period was down by 12% to Rs 1043.68 crore. But with OPM expand by 100 bps to 2.5%, the OP was up by sharp 47% to Rs 26.33 crore. However the PBT was down by 9% to Rs 39.58 crore hit largely by lower other income and flat depreciation. The EO expense was up by 381% to Rs 9.82 crore and thus the PBT after EO was down by 28% to Rs 29.75 crore. The taxation was down by 29% to Rs 11.20 crore and thus the PAT was down by 28% to Rs 18.55 crore.