MBL Infrastructures has registered 20% growth in sales to Rs 612.91 crore for the quarter ended June 2015. But with operating profit margin stay flat 11%, the operating profit was up by 20% to Rs 67.68 crore. Other income though stood higher by 40% (to Rs 0.59 crore) hurt by higher interest (up 27% to Rs 25.56 crore) and depreciation (up 11% to Rs 5.42 crore) charges the growth at PBT moderated to 17% (to Rs 37.29 crore). Spurred by lower taxation (down 8% to Rs 7.37 crore) the consolidated net profit was up by 26% to Rs 29.92 crore.
Yearly Performance
Consolidated sales were higher by 11% to Rs 1961.79 crore. But with OPM stand increased by 140 bps to 12.1% the operating profit stood increased by 26% to Rs 236.91 crore. The other income was lower by 25% to Rs 3.14 crore. The interest and depreciation cost was higher by 34% and 43% respectively to Rs 101.13 crore and Rs 20.16 crore. Thus the growth at PBT was 15% to Rs 118.76 crore. After accounting for higher taxation (up 43% to Rs 37.17 crore) the growth at PAT level moderated to stand at 6% to Rs 81.59 crore.
Other developments
The company has allotted one equity share for every one equity share held as bonus share on July 30, 2015. Accordingly the paid up capital of the company has increased to Rs 41.4546240 crore (41454624 equity shares of Rs 10 each) with effect from July 30, 2015 from Rs 20.7273120 crore (20727312 equity shares).
Stock hovers around Rs 261.40.