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For the quarter ended Sep 17, net sales were higher by 5% YoY to Rs 1430.18 crore. OPM was higher by 430 bps to 19.7%, thus resulting in a 34% rise in OP to Rs 282.06 crore. Other income was higher by 2% to Rs 95.36 crore and interest costs were Rs 0.03 crore. Depreciation was higher by 13% to Rs 96.85 crore which resulted in a 29% increase in PBT to Rs 280.54 crore. Total tax provision was lower by 3% to Rs 57.60 crore on YoY basis. Thus PAT for the quarter ended Sep 17 stood at Rs 222.94 crore up by 41% YoY.
For the quarter ended Sep 17, Exim sales, which constitute around 80% of total sales, were higher by 2% to Rs 1141.45 crore. Domestic sales were higher by 17% to Rs 288.73 crore. PBIT Margin of Exim business stood at 17% and PBIT stood at Rs 193.90 crore, up by 10% on YoY basis. PBIT margin of Domestic business stood at 5.6% and PBIT stood at Rs 27.56 crore, up by 132% YoY
Performance for 6 months ended Sep 17
For the 6 months ended Sep 17, net sales were higher by 8% YoY to Rs 2886.98 crore. OPM was higher by 290 bps to 21.1%, thus resulting in a 24% rise in OP to Rs 608.77 crore. Other income was higher by 30% to Rs 189 crore and interest costs were Rs 0.05 crore. Depreciation was higher by 13% to Rs 192.12 crore which resulted in a 30% increase in PBT to Rs 605.60 crore. Total tax provision was higher by 9% to Rs 139.28 crore on YoY basis. Thus PAT for 6 months ended Sep 17 stood at Rs 466.32 crore, up by 39% YoY.
For the 6 months ended Sep 17, Exim sales, which constitute around 79% of total sales, were higher by 4% to Rs 2273.04 crore. Domestic sales were higher by 25% and stood at Rs 613.94 crore. PBIT Margin of Exim business stood at 18.3% and PBIT stood at Rs 415.71 crore, up by 9% YoY. PBIT margin of Domestic business stood at 7.1% and PBIT stood at Rs 43.73 crore, up by 301% YoY
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