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For the quarter ended Sep 18, net sales of Savita Oil Technologies were up by 29% to Rs 473.05 crore. OPM stood at 6% as compared to an OPM of 9.5%, thus at OP level, the company reported profit of Rs 34.48 crore down by 18% YoY. Other income was higher by 406% to Rs 7.24 crore. Interest was higher by 308% to Rs 10.76 crore while depreciation costs were lower by 11% to Rs 5.78 crore. Thus, PBT stood at Rs 25.18 crore down by 27% YoY. After paying total tax of Rs 6.96 crore, PAT for Sep 18 quarter stood at Rs 18.22 crore down by 33% YoY.
Net sales of Petroleum products, which accounts for 96% of total revenue, stood at Rs 558.48 crore up by 31% YoY for Sep 18 quarter. PBIT stood at Rs 24.38 crore, down by 16% YoY with PBIT margin at 4.4%. Net sales of Wind Power segment which account for 4% of total sales, stood at Rs 20.68 crore. Profit at PBIT level stood at Rs 14.97 crore up by 16% YoY with PBIT margin at 72.4%.
Performance for the 6 months ended Sep 18
For the 6 months ended Sep 18, net sales of Savita Oil Technologies were up 29% on YoY basis at Rs 1113.68 crore. OPM stood at 6.6% down by 260 bps on YoY basis thus at OP level, the company reported profit of Rs 73.04 crore down by 8% YoY. Other income was higher by 23% to Rs 8.89 crore. Interest was stood at Rs 19 crore largely due to higher working capital requirements while depreciation costs were lower by 11% to Rs 11.42 crore. Thus, PBT stood at Rs 51.51 crore down by 24% YoY. There was a 12% decrease in total tax to Rs 15.08 crore, resulting in a 28% decrease in PAT to Rs 36.43 crore.
Net sales of Petroleum products, which accounts for 97% of total revenue, stood at Rs 1090.47 crore PBIT stood at Rs 57.91 crore, down by 5% YoY and accounted for 75% of total PBIT.
Net sales of Wind Power segment stood at Rs 30.48 crore and accounted for 3% of total sales. PBIT stood at Rs 19.23 crore, down by 7% YoY and accounted for 25% of total PBIT.
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