For the quarter ended Mar 18, Exim sales, which constitute around 77% of total sales, were lower by 1% to Rs 1260.49 crore. Domestic sales were higher by 16% to Rs 380.10 crore. PBIT Margin of Exim business stood at 25.2% and PBIT stood at Rs 317.55 crore, down by 22% on YoY basis. PBIT margin of Domestic business stood at 12.5% and PBIT stood at Rs 47.55 crore, up by 173% YoY

Performance for 12 months ended Mar 18

For the 12 months ended Mar 18, net sales were higher by 10% YoY to Rs 6167.12 crore. OPM was higher by 180 bps to 24%, thus resulting in a 19% rise in OP to Rs 1482.80 crore. Other income was higher by 19% to Rs 1482.80 crore and interest costs were Rs 0.09 crore. Depreciation was higher by 12% to Rs 392.65 crore which resulted in a 18% increase in PBT to Rs 1392.65 crore. Total tax provision was higher by 46% to Rs 343.61 crore on YoY basis. Thus PAT for 12 months ended Mar 18 stood at Rs 1049.04 crore, up by 11% YoY. After considering PPI of Rs 86.53 crore for FY 17 as compared to Nil for FY 18, PAT for FY 18 is up by 22% YoY to Rs 1049.04 crore.

For the 12 months ended Mar 18, Exim sales, which constitute around 79% of total sales, were higher by 7% to Rs 4852.74 crore. Domestic sales were higher by 21% and stood at Rs 1314.28 crore. PBIT Margin of Exim business stood at 22.7% and PBIT stood at Rs 1099.41 crore, up by 13% YoY. PBIT margin of Domestic business stood at 7% and PBIT stood at Rs 92.18 crore, up by 222% YoY

The board declared a total dividend of Rs 17.10 per equity share of face value of Rs 10 each for FY 18.

The board also approved sub division of 1 equity share of Rs 10 each to 2 equity shares of Rs 5 each.