• Upside in revenue was largely due to machine manufacturing. Segment revenue of machine manufacturing was up by 36% to Rs 15.55 crore or 74% of total sales. But the segment revenue of trading activities was down by 25% to Rs 5.50 crore.
  
• The EBIT was up by 29% to Rs 1.90 crore and the upside is largely due to machine manufacturing business. Segment profit of machine manufacturing jumped by 70% to Rs 1.53 crore gained by higher sales as well as 200 bps expansion in segment margin to 9.95. However the segment profit of trading activity was down by 36% to Rs 0.37 crore hit by lower sales as well as 110 bps contraction in segment margin to 8.75.

• Lower OPM (down 30 bps to 9.7%) was largely due to higher material cost. The staff cost as proportion to sales net of stocks was flat at 10.25. The material cost including cost of traded goods was higher by 240 bps to 71.5%. But that of other expenses was down by 210 bps to 9.7%. Though OE stood lower for the quarter that could not fully offset the rise in material cost.

• The other income jumped to Rs 0.17 crore compared to mere Rs 0.01 crore in the corresponding previous period. Thus the growth at PBIDT was 22% to Rs 2.13 crore.
  
• As interest cost stand lower by 49% to Rs 0.26 crore and depreciation stand lower by 15% to Rs 0.23 crore, the PBT was up by strong 71% to Rs 1.64 crore.
  
• The taxation net of deferred tax doubled to Rs 0.28 crore and the tax rate were higher at 17.1% compared to 14.6% in corresponding previous period. Thus the PAT was up by 65% to Rs 1.36 crore.

Nine month performance

Standalone sale for the period was up by 23% to Rs 56.54 crore and with OPM down by 110 bps to 9.0% the growth at operating profit restricted at 10% to Rs 5.11 crore. The PAT was eventually higher by 73% to Rs 3.04 crore gained by higher OI, lower interest, lower depreciation and lower tax rate.