• Downside at top-line is largely due to sharp fall in revenue of Lump-sum Turnkey Projects (LTP) business division. The segment revenue of Consultancy & Engineering Projects (C&EP) registered 19% growth to Rs 268.61 crore. On the other hand the segment revenue of LTP was down by 56% to Rs 73.20 crore. Sharp fall in LTP sales seems partly due to completion of orders under execution and execution of fresh orders getting delayed. Contribution of C&EP to top-line increased to 79% from 57% in corresponding previous period. But that of LTP was down to 21% from 43% in corresponding previous period.
  
• EBIT for the quarter was up by 67% to Rs 89.87 crore facilitated by strong contribution from both C&EP and LTP business of the company. On a lower sales the segment profit of LTP jumped up by whopping 227% to Rs 27.10 crore as its segment margin expand to 37% compared to mere 5% in corresponding previous period. On the other hand the segment profit of C&EP was up by 38% to Rs 62.77 crore facilitated by higher sales and 320 bps expansion in its segment margin to 23.4%.
  
• Sharp expansion in OPM to the extent of 1260 bps to 21.4% was largely due to lower construction material cost and sub contract payments. Construction material cost as proportion to sales was lower by 2370 bps to 3.7%. Similarly the sub contractor payment was down by 560 bps to 10.1%. But the staff cost was higher by 580 bps to 45.4%. And that of other expenses were higher by 1080 bps to 19.3%. Though staff cost and OE stood higher that could not fully offset the gain in other cost heads thereby lead to sharp expansion in OPM.
  
• Other income was down by 5% to Rs 54.59 crore, the interest cost was down by 33% to marginal RS 0.08 crore and the depreciation was down by 38% to Rs 5.29 crore. Thus the PBT was up by 46% to Rs 122.54 crore.
  
• Taxation stand higher by 40% (to Rs 42.23 crore) in absolute term and the tax rate was marginally lower at 34.5% compared to 36.0% in corresponding previous period. Thus the PAT was up by 50% to RS 80.30 crore.
  
• Other comprehensive income was down by 99% to mere Rs 0.01 crore compared to Rs 2.30 crore in the corresponding previous period. The total comprehensive income was up by 44% to Rs 80.32 crore.

The stock hovers around Rs 251.00.