• Sales of Mfg of Machinery & Equipment segment has gone up 59% to Rs559.26 crore (accounting for 31% of total sales).  Sales of Engineering Procurement & Construct segment has gone down 9% to Rs 999.96 crore (accounting for 56% of total sales).  Sales of Sugar segment rose 33% to Rs 223.87 crore (accounting for 13% of total sales). Others/unallocated was an expense of Rs 4.66 crore (against an income of Rs 3.82 crore).  Inter-segment sales rose Rs 67.69 crore to Rs 160.73 crore.  
• Profit before interest, tax (PBIT) has jumped up 145% to Rs106.73 crore (accounting for 71% of total PBIT).  PBIT of Mfg of Machinery & Equipment reported profit of Rs 75.53 crore compared to loss of Rs 10.50 crore.  PBIT of Engineering Procurement & Construct segment rose 1% to Rs 46.82 crore (accounting for 37.09% of total PBIT).  PBIT of Sugar segment fell 23% to Rs 12.59 crore (accounting for 12% of total PBIT).  PBIT of Plant Under Construction/unallocated segment was an loss of Rs 28.21 crore, a jump of 227%.   
• PBIT margin of Mfg of Machinery & Equipment segment rose from negative 3% to 13.5%.  PBIT margin of Engineering Procurement & Construct segment rose from 4.2% to 4.7%.  PBIT margin of Sugar segment fell from 9.7% to 5.6.

Yearly performance

Consolidated net sales (including other operating income) has declined 8% to Rs 5425.57 crore.  Operating profit margin has jumped from 5.5% to 8.4%, leading to 40% rise in operating profit to Rs 454.97 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 23.59% to 23.02%.   Purchase of finished goods cost rose from 36.18% to 36.91%.   Employee cost increased from 7.10% to 7.22%.   Other expenses fell from 27.67% to 24.29%.   Other direct service cost fell from 12.94% to 11.19%.   Other income rose 61% to Rs 51.76 crore.  Provision for interest rose 22% to Rs 50.24 crore.  Provision for depreciation was flat (down 0%) at Rs 100.86 crore.    Profit before tax grew 66% to Rs 355.63 crore.  Share of profit/loss was 80% higher at Rs 0.18 crore.  Thus PBT before EO was up 66% to Rs 355.81 crore. EO was nil for the period and previous period. Provision for tax was expense of Rs 102.74 crore, a rise of 57% compared to Rs 65.32 crore.   Thus PAT was higher by 70% to Rs 253.07 crore.   Net profit attributable to owners of the company increased 72% to Rs 247.85 crore. 

Sales of Manufacturing of Machinery & Equipment segment has gone down 3% to Rs 1,562.84 crore (accounting for 27% of total sales).  Sales of Engineering Procurement & Construct segment has gone down 12% to Rs 3,457.71 crore (accounting for 59.44% of total sales).  Sales of Sugar segment rose 34% to Rs 785.60 crore (accounting for 14% of total sales).  Sales of Plant Under Construction/ unallocated segment has gone up 186% to Rs11.93 crore.  Inter-segment sales rose Rs 248.11 crore to Rs 392.51 crore.  

Profit before interest, tax (PBIT) has jumped 51% to Rs401.62 crore.  PBIT of Manufacturing of Machinery & Equipment segment rose 95% to Rs 164.47 crore (accounting for 41% of total PBIT).  PBIT of Engineering Procurement & Construct segment rose 14% to Rs 172.37 crore (accounting for 43% of total PBIT).  PBIT of Sugar segment rose 112% to Rs 102.59 crore (accounting for 26% of total PBIT).  PBIT of Plant Under Construction/unallocated segment was a loss of Rs 37.81 crore, a jump of 103%.   

PBIT margin of Manufacturing of Machinery & Equipment segment rose from 5.2% to 10.5%.  PBIT margin of Engineering Procurement & Construct segment rose from 3.9% to 5.0%.  PBIT margin of Sugar segment rose from 8.3% to 13.1%.  

Other developments

To pay a final dividend of Rs 1 (@ 100%) per equity share of Rs 1 face value each for FY21 and this is in addition to the interim dividend of Rs 2 (@200%) per equity share of Rs 1 each already disbursed.

Equity capital stood at Rs 7.35 crore as of 31 March 2021 to Rs 7.35 crore as of 31 March 2020.  Per share face Value remained same at Rs 1.00.  

Promoters' stake was 62.43% as of 31 March 2021,compared to 62.36% as of 31 March 2020.