Net sales of Petroleum products, which accounts for 99% of total revenue, stood at Rs 456.41 crore for Mar 18 quarter. PBIT stood at Rs 46.35 crore, down by 6% YoY. Net sales of Wind Power segment which account for 1% of total sales, stood at Rs 4.92 crore. Loss at PBIT level stood at Rs 0.50 crore as compared to profit at PBIT level of Rs 1.13 crore.

Performance for the 12 months ended Mar 18

For the 12 months ended Mar 18, net sales of Savita Oil Technologies were up 19% on YoY basis at Rs 1782.70 crore. OPM stood at 10.4% flat on YoY basis thus at OP level, the company reported profit of Rs 186.16 crore up by 20% YoY. Other income was lower by 27% to Rs 9.55 crore. Interest was flat at Rs 13.75 crore largely due to lower working capital requirements while depreciation costs were lower by 8% to Rs 25.88 crore. Thus, PBT stood at Rs 156.08 crore up by 24% YoY. There was a 38% increase in total tax to Rs 44.87 crore, resulting in a 19% increase in PAT to Rs 111.21 crore. After considering PPI of Rs 14.98 crore pertaining to reversal of provision of income tax for FY 18, PAT after PPI for FY 18 stood at Rs 126.19 crore up by 35%.

Net sales of Petroleum products, which accounts for 98% of total revenue, stood at Rs 1790.25 crore PBIT stood at Rs 164.15 crore, up by 89% YoY and accounted for 89% of total PBIT. Net sales of Wind Power segment stood at Rs 41.67 crore and accounted for 2% of total sales. PBIT stood at Rs 24.39 crore, down by 18% YoY and accounted for 11% of total PBIT.

The board has recommended a dividend of Rs 2.5 per equity share of face value of Rs 10 each for FY 18.