Results     11-Feb-21
Analysis
Esab India
Sales up 9% but PAT down 17%
Related Tables
 Esab : Standalone Results
Esab India the welding consumable and welding machinery major has registered 9% growth in revenue to Rs 183.93 crore with recovery in demand for end user industry especially auto sector. But with operating profit margin contract by 310 bps to 10.7%, the operating profit was down by 16% to Rs 19.65 crore. With other income stand lower by 13% to Rs 3.08 crore, the PBIDT was down by 16% to Rs 22.73 crore. The interest cost was down by 29% to Rs 0.10 crore and the depreciation was lower by 8% to Rs 2.88 crore. Thus the PBT was down by 16% to Rs 19.75 crore. The taxation was down by 14% to Rs 5.04 crore and the PAT was down by 17% to Rs 14.71 crore.

Nine month performance

Standalone sales for the period was down by 9% to Rs 474.18 crore and with OPM contract by 260 bps to 11.1%, the operating profit was down by 27% to Rs 52.72 crore. The PBT was down by 26% to Rs 53.15 crore after accounting for flat OI, lower interest and lower depreciation. With taxation lower by 26% to Rs 13.58 crore the PAT was down by 26% to Rs 39.57 crore.

Other developments

To pay interim dividend of Rs 19 per equity share of Rs 10 each for 2020-21.

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