Nine month performance
Sale was down by 2% to Rs 5752.65 crore and with OPM contract by 10 bps to 8.9%, the operating profit was down by 3% to Rs 511.01 crore. Though other income stood lower by 37%, the interest cost was down by 22% and thus the PBDT was up by 4% to Rs 310.53 crore. The depreciation was up by 2% to Rs 84.42 crore and the PBT before EO was up by 5% to Rs 226.11 crore. The EO expense was Rs 3.01 crore compared to nil in the corresponding previous period. Thus the PBT after EO was up by 4% to Rs 223.10 crore. The taxation was flat at Rs 61.31 crore and thus the PAT was up by 5% to Rs 161.79 crore.
Other developments
Order book as end of Dec 2016 stood at Rs 20466 crore including a large mining order of Rs 3050 crore booked by the mining subsidiary. Order intake in 9mFY17 including the order book of mining subsidiary was Rs 9312 crore.