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The company reported net sales of Rs 98.84 crore, which was up by 16% on YoY basis, for the quarter ended Dec 17. OPM was higher by 200 bps to 21.2% resulted in OP of Rs 20.92 crore, up by 28% YoY. Other income was up by 5% to Rs 2.11 crore. Depreciation was higher by 11% to Rs 1.46 crore. Interest cost wsa Nil for the quarter. PBT stood at Rs 21.57 crore, up by 27% YoY. After paying total tax of Rs 6.78 crore up by 27% YoY, PAT for the quarter ended Dec 17 stood at Rs 14.79 crore up by 27% YoY.
Electrical Insulation segment sales were higher by 17% to Rs 80.32 crore. PBIT of the segment stood at Rs 16.44 crore, up by 27% YoY and accounted for 81% of total PBIT.
Engineering & Electronics Resins segment sales stood at Rs 18.48 crore, up by 11% for Dec 17 quarter on YoY basis. PBIT of the segment stood at Rs 3.95 crore, up by 30% on YoY basis and accounted for 19% of total PBIT.
Performance for the 12 months ended Dec 17
The company reported net sales of Rs 382.56 crore, which was higher by 5% YoY basis for the 12 months ended Dec 17. OPM being lower by 90 bps resulted in flat OP of Rs 78.70 crore. Other income was up by 12% to Rs 8.57 crore. Depreciation was higher by 8% to Rs 5.59 crore. Interest costs stood at Rs 21 lakh as compared to Rs 21 lakh for 12 months ended Dec 16. PBT stood at Rs 87.06 crore, up by 1% YoY. After paying total tax of Rs 26.14 crore down by 1% YoY, PAT for the 12 months ended Dec 17 stood at Rs 55.33 crore up by 2% YoY.
Electrical Insulation segment sales were up by 4% and stood at Rs 311.86 crore. PBIT of the segment stood at Rs 62.85 crore, down by 2% YoY and accounted for 81% of total PBIT.
Engineering & Electronics Resins segment sales stood at Rs 71.77 crore, up by 9% for 12 months ended Dec 17 on YoY basis. PBIT of the segment stood at Rs 14.89 crore, up by 5% on YoY basis and accounted for 19% of total PBIT.
The company declared a dividend of Rs 4.5 per equity share of face value of Rs 10 each for CY 18.
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