Electrical Insulation segment sales stood at Rs 95.11 crore up by 18% YoY and accounted for 85% of total sales. PBIT of the segment stood at Rs 14.82 crore, down by 5% YoY with PBIT margin at 15.6%.

Engineering & Electronics Resins segment sales stood at Rs 16.47 crore down by 11% YoY and accounted for 15% of total sales. PBIT of the segment stood at Rs 2.57 crore, down by 32% on YoY basis with PBIT margin at 15.6%.

Performance for the 12 months ended Dec 18

Net sales for 12 months ended Dec 18 stood at Rs 409.12 crore up by 7% YoY. OPM was down by 470 bps to 15.8% resulting in a 17% fall in OP to Rs 64.77 crore. Other income was up by 39% to Rs 11.92 crore. Interest cost stood at Rs 23 lakh and depreciation was up by 18% to Rs 6.58 crore. Thus PBT was down by 14% to Rs 69.88 crore. There was an EO gain of Rs 19.28 crore pertaining to sale of office premises in 12 months ended Dec 18 as compared to Nil for 12 month ended Dec 17. Thus, PBT after EO stood at Rs 89.16 crore up by 10% YoY. After providing total tax of Rs 23.38 crore down by 10% YoY, PAT for 12 months ended Dec 18 stood at Rs 65.78 crore, up by 19% YoY.

For the 12 months ended Dec 18, Electrical Insulation segment sales stood at Rs 347.54 crore up by 15% YoY and accounted for 85% of total sales. PBIT of the segment stood at Rs 53.77 crore, down by 16% YoY basis and accounted for 86% of total PBIT with PBIT margin at 15.5%.

Engineering & Electronics Resins segment sales stood at Rs 63.14 crore down by 4% and accounted for 15% of total sales. PBIT of the segment stood at Rs 8.94 crore, down by 37% on YoY basis with PBIT margin at 14.2%

Board declared a dividend of Rs 4.5 per equity share of face value of Rs 10 each for CY 2018.