Results     07-Aug-18
Analysis
Vesuvius India
Lower margins
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 Vesuvius India: Result
For the quarter ended June 18, net sales were down by 2% and stood at Rs 236.08 crore. OPM was down by 390 bps to 15.1% resulting in a further fall in OP by 22% to Rs 35.76 crore. Other income was higher by 73% to Rs 5.24 crore. Depreciation was up by 2% to Rs 6.93 crore, thus PBT was down by 20% to Rs 34.07 crore. After providing total tax of Rs 11.83 crore, down by 22% on YoY basis, PAT for June 18 quarter was down by 18% YoY to Rs 22.24 crore.

Performance for the 6 months ended June 18

For the 6 months ended June 18, net sales were down by 1% to Rs 463.05 crore. OPM was lower by 220 bps to 16.2% resulting in further fall in OP to 13% to Rs 74.86 crore. Other income was higher by 76% to Rs 10.23 crore. Depreciation was up by 5% to Rs 14.19 crore, thus PBT was down by 10% to Rs 70.90 crore. After providing total tax of Rs 24.49 crore, down by 12%, PAT for the 6 months ended June 18 was down by 8% YoY to Rs 46.41 crore.

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