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Ion Exchange reported a 1% fall in net sales for June 18 quarter to Rs 205.55 crore. The OPM stood at 4.7% down by 100 bps resulting in a further 19% decrease in OP to Rs 9.57 crore. Other income was higher by 182% to Rs 16 crore. The interest costs were higher by 33% to Rs 4.24 crore, depreciation costs were higher by 36% to Rs 4.38 crore. Thus at PBT level, profit for June 18 quarter stood at Rs 16.95 crore up by 52% YoY. After paying total tax of Rs 6.05 crore up by 58% YoY, PAT for June 18 quarter stood at Rs 10.90 crore up by 50% YoY.
For the quarter, sales from the Engineering segment stood at Rs 107.53 crore and accounted for 50% of sales. PBIT from the same was up by 122% to Rs 8.91 crore and accounted for 53% of total.
For the quarter, sales from the Chemicals stood at Rs 84.60 crore and accounted for 39% of sales. PBIT from the same was down by 8% to Rs 9.11 crore and accounted for 54% of total.
For the quarter, sales from the Consumer Product Segment stood at Rs 22.91 crore and accounted for 11% of sales. Loss from PBIT from the same stood at Rs 1.08 crore as compared to loss of Rs 1.75 crore for June 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.
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