• Operational income was up by 22% to Rs 126.06 crore. Upside in operational income is attributed to higher revenue of both compression systems as well as transmission products. Segment revenue of compression systems was higher by 21% to Rs 110.25 crore or 89% of sales. However the segment revenue of transmission products was up by 24% to Rs 13.66 crore.

• The EBIT was up by 90% to Rs 19.30 crore even as the segment loss of transmission products widen. The segment revenue of compression systems was up by 79% jump to Rs 21.90 crore aided by higher sales and expansion in segment margin. The segment loss of transmission products stood higher at Rs 2.60 crore compared to a loss of Rs 2.08 crore in the corresponding previous period.

• Sharp fall in all cost heads has facilitated the 560 bps expansion in operating profit margin to 12.7%. The material cost as % to sales net of stocks was down by 180 bps and that of staff was down by 170 bps to 16.7%. Similarly the other expense was down by 250 bps to 21.1%. Thus aided by higher sales and strong expansion in OPM the operating profit more than doubled (up 118%) to Rs 16.01 crore.

• Other income was down by 58% to Rs 2.08 crore thus restricting the growth at PBIDT to 47% to Rs 18.09 crore. The interest cost was nil for the quarter and corresponding previous period. But the depreciation was lower by 25% to Rs 3.92 crore and thus the growth at PBT was up 99% to Rs 14.17 crore. EO was up at Rs 10.15 crore compared to nil in the corresponding previous period. EO income for the period is profit from sale of part of its stake in Kirloskar Chillers. Thus the PBT after EO spurred up by 242% to Rs 24.32 crore.

• The taxation jump up 119% to Rs 4.29 crore. However the effective tax rate for the quarter was down at 17.6% compared to 27.6% in the corresponding previous period. Thus gained the net profit was up by 289% to Rs 20.03 crore.

Nine month performance

Standalone sales for the period was higher by 10% to Rs 363.84 crore and with 350 bps expansion in OPM the operating profit was higher by 63% to Rs 39.05 crore. After accounting for lower other income, lower depreciation and higher interest the PBT was up by 65% to Rs 34.45 crore. EO was up at Rs 10.15 crore compared to nil in the corresponding previous period. Thus the PBT after EO spurred up by 113% to Rs 44.60 crore. With taxation up 66% to Rs 9.08 crore, the net profit was up by 130% to Rs 35.52 crore.