OPM improved 120 basis points to 7.5% which took OP up 18% to Rs 8.38 crore.

Other income fell 48% to Rs 1.60 crore and depreciation fell 17% to Rs 2.36 crore.

PBT improved 4% to Rs 7.62 crore.

There was EO expenses of Rs 31 lakh against nil. Thus PBT after EO flattened to Rs 7.31 crore.

Tax grew 5% to Rs 2.35 crore. Finally, PAT fell 3% to Rs 4.96 crore.

FY 2015 results

For the nine months ended December 2015, Esab India registered 1% rise in its sales to Rs 336.30 crore.

OPM improved 120 basis points to 9.8% which took OP up 15% to Rs 32.79 crore.

Other income fell 28% to Rs 5.06 crore and depreciation fell 15% to Rs 7.16 crore.

PBT improved 13% to Rs 30.69 crore.

There was EO expenses of Rs 3.15 crore against Rs 4.09 crore. Thus PBT after EO grew 20% to Rs 27.54 crore.

Tax grew 33% to Rs 8.58 crore. Finally, PAT grew 14% to Rs 18.96 crore.

Segment results

For the quarter, sales from the Consumables segment grew 3% to Rs 82.62 crore and accounted for 75% of sales. PBIT from the same jumped 44% to Rs 11.06 crore and accounted for 103% of total.

For the quarter, sales from the Equipment division fell 5% to Rs 28.02 crore and accounted for 25% of sales. PBIT from the same stood at a loss of Rs 31 lakh against a profit of Rs 1.50 crore and accounted for -3% of total.

For the quarter PBIT margin of Consumables segment improved from 9.6% to 13.4% while that of the Equipment division fell from 5.1% to -1.1%.

For the nine months ended December 2015, sales from the Consumables segment grew 3% to Rs 246.43 crore and accounted for 74% of sales. PBIT from the same grew 15% to Rs 31.31 crore and accounted for 86% of total.

For the nine months ended December 2015, sales from the Equipment division fell 3% to Rs 87.46 crore and accounted for 26% of sales. PBIT from the same jumped 56% to Rs 5.03 crore and accounted for 14% of total.

Valuation

The share price trades at Rs 517.