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For the quarter ended Sep 18, net sales were higher by 26% YoY to Rs 1822.28 crore. OPM was up by 620 bps to 27.7%, thus resulting in a 62% rise in OP to Rs 504.17 crore. Other income was lower by 8% to Rs 69.23 crore and interest costs were at Rs 0.02 crore. Depreciation was higher by 8% to Rs 104.77 crore which resulted in a 62% increase in PBT to Rs 468.61 crore. Total tax provision was higher by 118% to Rs 132.56 crore on YoY basis. Thus PAT for the quarter ended Sep 18 stood at Rs 336.05 crore up by 47% YoY.
For the quarter ended Sep 18, Exim sales, which constitute around 81% of total sales, were higher by 28% to Rs 1467.04 crore. Domestic sales were higher by 19% to Rs 355.24 crore. PBIT margin of Exim business stood at 27.7% and PBIT stood at Rs 406.02 crore, up by 30% on YoY basis. PBIT margin of Domestic business stood at 8.4% and PBIT stood at Rs 29.74 crore, up by 3% YoY
Performance for 6 months ended Sep 18
For the 6 months ended Sep 18, net sales were higher by 16% YoY to Rs 3390.55 crore. OPM was higher by 410 bps to 26.4%, thus resulting in a 38% rise in OP to Rs 894.36 crore. Other income was lower by 19% to Rs 131.29 crore and interest costs were Rs 0.04 crore. Depreciation was higher by 8% to Rs 206.98 crore which resulted in a 32% increase in PBT to Rs 818.63 crore. Total tax provision was higher by 60% to Rs 230.21 crore on YoY basis. Thus PAT for 6 months ended Sep 18 stood at Rs 588.43 crore, up by 24% YoY.
For the 6 months ended Sep 18, Exim sales, which constitute around 80% of total sales, were higher by 18% to Rs 2699.75 crore. Domestic sales were higher by 10% and stood at Rs 690.80 crore. PBIT margin of Exim business stood at 25.9% and PBIT stood at Rs 700.22 crore, up by 61% YoY. PBIT margin of Domestic business stood at 6.6% and PBIT stood at Rs 45.63 crore, down by 25% YoY
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