• Value of production for the quarter was higher by 24% to Rs 46.40 crore. However the sales excluding other operating income was higher by 25% (to Rs 48.46 crore). After accounting for other operating income the net sales was higher by 25% to Rs 48.98 crore.

• Operating margin for the quarter expanded by 310 basis points to 16.4%. Thus facilitated by higher sales and margin expansion the operting profit was higher by 54% to Rs 8.05 cropre. Sharp expansion in margin is largely on account of lower traded goods to sales and lower distribution compensation and other expenses. While material cost and staff cost as a proportion to sales net of stocks was higher by 10 bps (to 40.6%) and 80 bps (to 4.8%) respectively that of PTC was lower by 330 bps (to14.3%), the distributor compensation by 20 bps (to 11.9%) and other expenses by 80 bps (to 11.3%) respectively.

• Other income was lower by 12% to Rs 0.05 lakh. The interest cost was lower by 87% to Rs 0.02 crore and depreciation cost was lower by 7% to Rs 1.64 crore. As result the PBT before forex gain and EO were higher by 93% to Rs 6.43 crore. Forex gain for the quarter was nil compared to a forex loss of Rs 21 lakh in the corresponding previous period. Thus on deflated base the PBT before EO was higher by 107% to Rs 6.43 crore. EO income (gross of tax) for the quarter was nil compared to Rs 10 lakh in the corresponding previous period. Thus the PBT after EO was higher by 100% to Rs 6.43 crore.

• Taxation which was up by 131% to Rs 2.39 crore. And thus limited the PAT was finally higher by 86% to Rs 4.04 crore. Prior period tax for the quarter as well as corresponding previous period was nil. And thus the net profit was eventually higher by 86% to Rs 4.04 crore.

Eimco Elecon (India) (Eimco Elecon) was incorporated in 1974 and is a joint venture between Tamrock OY, Finland (25% equity stake) and Elecon Engineering Company, India, and its associates (47%). It produces a wide range of underground mining machinery. The range of products includes Electro hydraulic side dump loaders, load haul dumpers, air powered rocker showel loaders and low profile dump trucks. It also manufactures blasthole drills, hydraulic cylinders and air motors.

Eimco Elecon's major clients are the subsidiaries of Coal India Limited Viz. Bharat Cooking Coal. Eastern Coalfield etc. Other clients include Singanery Collieries Co. Uranium Corporation of India. Bharat Gold Mines, Hindustan Copper, Hindustan Zinc, Larsen & Toubro. Ferro Alloys Corporation etc.

The sales were up by 37% to Rs 92.12 crore. The operating profit was higher by 45% to Rs 15.71 crore as the OPM expand by 90 bps to 17% over and above higher sales. The PBT before forex gain and EO was higher by 76% to Rs 12.29 crore. The forex loss for the quarter was Rs 1 lakh compared to Rs 23 lakh in the corresponding previous period. Thus the PBT before EO was higher by 82% to Rs 12.27 crore. The EO income for the period was nil compared to Rs 10 lakh in the corresponding previous period. Thus the PBT after EO was higher by 79% to Rs 12.27 crore. After providing for higher taxation (up 96% to Rs 4.36 crore) the PAT was higher by 71% to Rs 7.91 crore. The PPT was Rs 7 lakh for the quarter compared to nil in the corresponding previous period. Thus the net profit was higher by 69% to Rs 7.84 crore.

The stock quotes around Rs. 384.