Results     17-May-19
Analysis
PTC India
Declares dividend of Rs 4 per share
Related Tables
 PTC India: Standalone Results
PTC India reported a 23% YoY growth in standalone net sales for Mar 19 quarter to Rs 2651.29 crore. OPM was down by 80 bps to 3.5% which resulted in flat OP growth to Rs 92.97 crore. Margins for Mar 18 quarter were abnormally high. Other income was higher by 25% to Rs 21.96 crore due to higher treasury income and surcharge income. Interest costs was higher by 143% to Rs 30.80 crore and depreciation was up by 17% to Rs 0.90 crore. Thus, PBT was lower by 15% to Rs 83.23 crore. After providing total tax of Rs 29.24 crore, PAT for the Mar 19 quarter stood at Rs 53.99 crore, down by 16% YoY.

For 12 mths ended Mar 19, net sales were up by 19% to Rs 13495.65 crore. OPM was down by 10 bps at 3.1% thus resulting in a 14% increase in OP to Rs 411.87 crore. Other income was down by 35% due to lower surcharge income and stood at Rs 131.64 crore. Interest cost was up 22% to Rs 143.03 crore and depreciation was up by 6% to Rs 3.03 crore. After providing total tax of Rs 135.16 crore up by 8%, PAT for 12 mths ended Mar 19 stood at Rs 262.29 crore down by 18% YoY.

The board of directors has recommended a dividend of Rs 4 per equity share of face value of Rs 10 for FY 19.

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