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For the quarter ended Mar 19, net sales were higher by 12% YoY to Rs 1834.29 crore. OPM was up by 120 bps to 25.5%, thus resulting in a 17% rise in OP to Rs 467.23 crore. Other income was higher by 89% to Rs 128.82 crore and interest costs were at Rs 0.68 crore. Depreciation was higher by 11% to Rs 111.72 crore which resulted in a 11% increase in PBT to Rs 111.72 crore. Total tax provision was higher by 78% to Rs 131.34 crore on YoY basis. Thus PAT for the quarter ended Mar 19 stood at Rs 352.31 crore up by 21% YoY.
For the quarter ended Mar 19, Exim sales, which constitute around 76% of total sales, were up by 11% YoY basis to Rs 1401.51 crore. Domestic sales were higher by 14% to Rs 432.78 crore. PBIT Margin of Exim business stood at 27.9% and PBIT stood at Rs 391.64 crore, up by 29% on YoY basis. PBIT margin of Domestic business stood at 5.2% and PBIT stood at Rs 22.71 crore down by 36% YoY.
Performance for 12 months ended Mar 19
For the 12 months ended Mar 19, net sales were higher by 12% YoY to Rs 6881.91 crore. OPM was higher by 190 bps to 25.9%, thus resulting in a 21% rise in OP to Rs 1779.97 crore. Other income was higher by 10% to Rs 334.23 crore and interest costs were Rs 0.74 crore. Depreciation was higher by 8% to Rs 424.58 crore which resulted in a 22% increase in PBT to Rs 1688.88 crore. Total tax provision was higher by 39% to Rs 473.47 crore on YoY basis. Thus PAT for 12 months ended Mar 19 stood at Rs 1215.41 crore, up by 16% YoY.
For the 12 months ended Mar 19, Exim sales, which constitute around 78% of total sales, were higher by 12% to Rs 5401.78 crore. Domestic sales were higher by 13% and stood at Rs 1480.13 crore. PBIT Margin of Exim business stood at 26.1% and PBIT stood at Rs 1409.43 crore, up by 29% YoY. PBIT margin of Domestic business stood at 6.4% and PBIT stood at Rs 94.14 crore, up by 6% YoY
The board of directors recommended a dividend of Rs 8.55 per equity share of face value of Rs 5 each for FY 19.
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