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For the quarter ended Mar 18, consolidated net sales stood at Rs 628.40 crore up by 3% YoY. OPM stood at 18.5% down by 70 bps thus resulting in an OP of Rs 116.22 crore down by 4% YoY. Other income stood at Rs 8.86 crore up by 59%. Interest cost and depreciation cost stood at Rs 13.55 crore and Rs 42.98 crore respectively. PBT stood at Rs 68.55 crore down by 5% YoY. There was an EO of Rs 8.27 crore due to translation loss on account of Egypt subsidiary for Mar 17 quarter. PBT after EO stood at Rs 68.55 crore up by 7% YoY. After providing total tax of Rs 21.11 crore and loss of share of associates of Rs 2.65 crore, consolidated PAT for Mar 18 quarter stood at Rs 44.79 crore.
For the quarter, sales from the Amesa geography stood at Rs 232.92 crore PBIT from the same stood at 38.30 crore up by 1% YoY.
For the quarter, sales from the EAP geography stood at Rs 142.58 crore and PBIT from the same stood at Rs 15.42 crore down by 10% YoY.
For the quarter, sales from the America geography stood at Rs 127.54 crore and PBIT from the same stood at Rs 15.02 crore up by 19% YoY.
For the quarter, sales from the EU geography stood at Rs 141.15 crore and PBIT stood at Rs 5.17 crore down by 50% YoY.
Overall updates
In constant currency terms, the quarter revenue growth was at 1.9% for the quarter and 7.7% for the year.
The Q4 growth has been muted due to continued lower offtake during start of the quarter in India Beauty & Cosmetics and Pharma categories linked to GST rate change during Q3.
Europe revenue is showing signs of recovery helped by Germany.
Net Debt as at March 18 end stood at Rs 563.59 crore down by 20% as compared to FY 17.
ROE and ROCE on TTM basis is at 15.0% and 16.8% respectively.
The quarter has shown promise in terms of growth recovering across regions with strong performance in Americas and AMESA. Turnaround in Germany and margin expansion across all regions including Europe is assuring. All the regions continue to see opportunity to grow and have developed robust new business pipelines which are monitored and progressed proactively. While acknowledging that the year's growth in sales and profits has fallen short of Mission 20:20:20 targets, it gives the confidence that the business will return to growth trajectory in the coming quarters.
The board has recommended a dividend of Rs 2.4 per equity share of face value of Rs 2 each for FY 18.
The board has recommended a Bonus issue in the ratio of 1:1
Performance for the 12 months ended Mar 18
FY 17 financials include financials of EDG Germany from Oct 16 onwards and hence 12 months ended Mar 18 results and FY 17 financials are not comparable on YoY basis.
For the 12 months ended Mar 18, consolidated net sales stood at Rs 2423.88 crore. OPM stood at 19.2% resulting an OP of Rs 464.75 crore. Other income stood at Rs 26.37 crore. Interest cost and depreciation cost stood at Rs 54.91 crore and Rs 167.07 crore respectively. PBT stood at Rs 269.14 crore. There was a MTM forex loss of Rs 4.98 crore in FY 18. After providing total tax of Rs 88.91 crore and loss of share of associates of Rs 3.65 crore, consolidated PAT for 12 months ended Mar 18 stood at Rs 171.60 crore.
For the 12 months ended Mar 18, sales from the Amesa geography stood at Rs 934.84 crore PBIT from the same stood at 141.23 crore.
For the 12 months ended Mar 18, sales from the EAP geography stood at Rs 574.37 crore and PBIT from the same stood at Rs 90.50 crore.
For the 12 months ended Mar 18, sales from the America geography stood at Rs 488.46 crore and PBIT from the same stood at Rs 61.12 crore.
For the 12 months ended Mar 18, sales from the EU geography stood at Rs 509.49 crore and PBIT from the same stood at Rs 12 crore.
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