|
Ion Exchange reported a 5% fall in net sales for Mar 18 quarter to Rs 326.18 crore. The OPM stood at 10.2% down by 120 bps resulting in a 14% decrease in OP to Rs 33.41 crore. Other income was higher by 137% to Rs 9.29 crore. The interest costs were higher by 58% to Rs 4.94 crore, depreciation costs were lower by 14% to Rs 2.50 crore. Thus at PBT level, profit for Mar 18 quarter stood at Rs 35.26 crore down by 4% YoY. After paying total tax of Rs 11.57 crore down by 9% YoY, PAT for Mar 18 quarter stood at Rs 23.69 crore down by 2% YoY.
For the quarter, sales from the Engineering segment stood at Rs 210.21 crore and accounted for 62% of sales. PBIT from the same was up by 4% to Rs 18.04 crore and accounted for 49% of total.
For the quarter, sales from the Chemicals stood at Rs 95.17 crore and accounted for 28% of sales. PBIT from the same was down by 13% to Rs 19.17 crore and accounted for 52% of total.
For the quarter, sales from the Consumer Product Segment stood at Rs 32.30 crore and accounted for 10% of sales. Loss from PBIT from the same stood at Rs 0.52 crore as compared to loss of Rs 1.59 crore for Mar 17 quarter.
Performance for 12 months ended Mar 18
The company reported 6% rise in net sales to Rs 985.90 crore for 12 months ended Mar 18. OPM was down by 110 bps to 7.1% thus resulting in a 8% fall in OP to Rs 70.48 crore. Other income was up by 63% to Rs 30.01. Interest cost was up by 23% to Rs 15.73 crore resulting in a 3% increase in PBDT to Rs 84.76 crore. Depreciation was up by 11% to Rs 11.93 crore, thus resulting in the PBT growth of 2% to Rs 72.83 crore. After providing total tax of Rs 25.08 crore, PAT for 12 months ended Mar 18 period was higher by 2% to Rs 47.75 crore.
For the 12 months, sales from the Engineering segment stood at Rs 583.13 crore and accounted for 56% of sales. PBIT from the same was up by 3% to Rs 28.14 crore and accounted for 38% of total.
For the 12 months, sales from the Chemicals stood at Rs 344.84 crore and accounted for 33% of sales. PBIT from the same was down by 9% to Rs 50.17 crore and accounted for 67% of total.
For the 12 months, sales from the Consumer Product Segment stood at Rs 108.30 crore and accounted for 10% of sales. Loss from PBIT from the same stood at Rs 3.55 crore as compared to loss of Rs 4.25 crore.
Consolidated Performance for the year ended Mar 18
Consolidated net sales were up by 1% to Rs 1054.86 crore. OPM was higher by 70 bps to 7.3% resulting in higher OP by 11% to Rs 77 crore. Other income was up by 73% to Rs 21.09 crore. Interest cost was higher by 15% to Rs 18.68 crore and depreciation was up by 11% to Rs 13.08 crore. After providing total tax of Rs 26.36 crore and MI of Rs 0.10 crore, consolidated PAT for FY 18 stood at Rs 39.87 crore up by 38% YoY.
|