Results     05-Nov-18
Analysis
Vesuvius India
Back on growth track
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 Vesuvius India: Result
For the quarter ended Sep 18, net sales were up by 11% and stood at Rs 238.38 crore. OPM was down by 70 bps to 17.2% resulting in a increase in OP by 7% to Rs 41.05 crore. Other income was higher by 72% to Rs 5.82 crore. Depreciation was down by 6% to Rs 7.08 crore, thus PBT was up by 16% to Rs 39.79 crore. After providing total tax of Rs 13.86 crore, up by 16% on YoY basis, PAT for Sep 18 quarter was up by 16% YoY to Rs 25.93 crore.

Performance for the 9 months ended Sep 18

For the 9 months ended Sep 18, net sales were down by 3% to Rs 701.43 crore. OPM was lower by 80 bps to 16.5% resulting in further fall in OP by 7% to Rs 115.91 crore. Other income was higher by 75% to Rs 16.05 crore. Depreciation was up by 1% to Rs 21.27 crore, thus PBT was down by 2% to Rs 110.69 crore. After providing total tax of Rs 38.35 crore, down by 3%, PAT for the 9 months ended Sep 18 was down by 1% YoY to Rs 72.34 crore.

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