• Sales of Textile Machinery Division segment has gone up 53.28% to Rs 469.57 crore (accounting for 66.84% of total sales).  Sales of Machine Tool & Foundry Division segment has gone up 157.34% to Rs 226.52 crore (accounting for 32.24% of total sales).  Sales of Advanced Technology Centre segment fell 24.46% to Rs 6.45 crore (accounting for 0.92% of total sales).  Inter-segment sales rose Rs 9.29 crore to Rs 15.39 crore.  
• PBIT of Textile Machinery Division segment rose 1,036.27% to Rs 13.65 crore (accounting for 39.10% of total PBIT).  PBIT of Machine Tool & Foundry Division segment rose 835.24% to Rs 27.56 crore (accounting for 78.92% of total PBIT).  PBIT of Advanced Technology Centre segment fell 2.05% to Rs -6.29 crore (accounting for -18.02% of total PBIT).  
• PBIT margin of Textile Machinery Division segment rose from 0.4% to 2.9%.  PBIT margin of Machine Tool & Foundry Division segment rose from 3.3% to 12.2%.  PBIT margin of Advanced Technology Centre segment fell from negative 75.3% to negative 97.7%.  Overall PBIT margin rose from 0.6% to 5.0%.  

Yearly performance

Consolidated net sales (including other operating income) has increased 10% to Rs 1727.38 crore.  OPM expanded by 340 bps to 4.1% and thus the OP jumped up 532% to Rs 70.43 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 59.31% to 61.00%.   Employee cost decreased from 15.38% to 13.75%.   Other expenses fell from 24.59% to 21.19%.   Cost of Sales rose from 60.32% to 60.63%.   Inventories cost fell from 1.00% to 0.36%.   

Other income fell 16% to Rs 78.73 crore.  Provision for interest fell 87% to Rs 0.08 crore.  Provision for depreciation rose 1% to Rs 55.63 crore.  Profit before tax grew 90% to Rs 93.46 crore.  EO expense was up 954% to Rs 22.12 crore. Thus the PBT after EO was up 51% to Rs 71.33 crore. Share of profit/loss were nil in both the periods.   Taxation was up 38% to Rs 26.74 crore. Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 61% to Rs 44.60 crore.  

Sales of Textile Machinery Division segment has gone up 2.44% to Rs 1,223.62 crore (accounting for 68.77% of total sales).  Sales of Machine Tool & Foundry Division segment has gone up 31.22% to Rs 526.92 crore (accounting for 29.61% of total sales).  Sales of Advanced Technology Centre segment fell 13.16% to Rs 28.88 crore (accounting for 1.62% of total sales).  Inter-segment sales rose Rs 32.31 crore to Rs 41.33 crore.  

Profit before interest, tax and other unallocable items (PBIT) has jumped 637.66% to Rs 24.49 crore.  PBIT of Textile Machinery Division reported profit of Rs 13.99 crore compared to loss of Rs 8.11 crore.  PBIT of Machine Tool & Foundry Division segment rose 30.56% to Rs 36.37 crore (accounting for 148.50% of total PBIT).  PBIT of Advanced Technology Centre segment rose 57.43% to Rs -25.87 crore (accounting for -105.62% of total PBIT).  

PBIT margin of Textile Machinery Division segment rose from negative 0.7% to 1.1%.  PBIT margin of Machine Tool & Foundry Division segment fell from 6.9% to 6.9%.  PBIT margin of Advanced Technology Centre segment fell from negative 49.4% to negative 89.6%.  Overall PBIT margin rose from 0.2% to 1.4%.  

Other developments

The Board has recommended a final dividend of Rs 10 per share (of Rs 10 face value each) for the year 2020-21 subject to the approval of the shareholders in Annual General Meeting.

Equity capital stood at Rs 10.68 crore as of 31 March 2021 to Rs 10.68 crore as of 31 March 2020.  Per share face Value remained same at Rs 10.00.  

Promoters' stake was 31.11% as of 31 March 2021,compared to 30.95% as of 31 March 2020.