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Consolidated net sales for the quarter ended June 19 of the company stood at Rs 301.8 crore, up by 19% on YoY basis. OPM was down by 70 bps to 10.6%, thus restricted the OP increase to 12% to Rs 32.1 crore. Other income for June 19 quarter stood at Rs 5.7 crore up by 97%. Thus, PBIDT was higher by 20% to Rs 37.8 crore. With interest costs at Rs 1 crore and depreciation being higher by 5% to Rs 10.3 crore, PBT was up by 25% to Rs 26.5 crore. There was an EO income of Rs 12.7 crore pertaining to profit on sale of property as compared to Nil for June 19 quarter. With total tax of Rs 13.9 crore, up by 85% YoY, PAT for the quarter ended June 19 stood at Rs 25.3 crore, up by 74%. After providing share of associates of Rs 0.5 crore down by 44% YoY, consolidated PAT for June 19 quarter stood at Rs 25.8 crore up by 68%.
For the quarter, sales from the Pumps segment stood at Rs 247.6 crore up by 14%YoY and accounted for 76% of sales. PBIT from the same was up by 11% to Rs 22.1 crore and accounted for 87% of total with PBIT margin at 8.9%
For the quarter, sales from the Valves Segment stood at Rs 55.5 crore up by 53% and accounted for 17% of sales. PBIT from the same stood at Rs 3.4 crore up by 89% YoY with PBIT margin at 6.1%.
For the quarter, sales from other segment stood at Rs 23.8 crore up by 36% YoY and accounted for 7% of sales. Loss at PBIT level stood at Rs 0.1 crore which also was the same as June 18 quarter.
Consolidated Results for 6 mths ended June 19
For the 6 mths ended June 19, consolidated net sales were up by 17% to Rs 591.1 crore. OPM stood at 10.8% up by 200 bps resulting in a 56% increase in OP to Rs 63.9 crore. Other income was down by 14% to Rs 9.30 crore. Interest cost was at Rs 1.9 crore up by 90% and depreciation was up by 5% to Rs 20.5 crore. PBT thus stood at Rs 50.8 crore up by 31%. There was an EO gain of Rs 12.7 crore pertaining to gain on sale of property, as compared to Nil for 6 mths ended June after which PBT after EO stood at Rs 63.5 crore. After providing total tax of Rs 22.5 crore, PAT stood at Rs 41 crore. After providing for profit from associates of Rs 1.4 crore, consolidated PAT for 6 months ended June 19 stood at Rs 42.4 crore up by 52%.
For the 6 months ended June 19, sales from the Pumps segment stood at Rs 490.8 crore up by 26%YoY and accounted for 77% of sales. PBIT from the same was up by 22% at Rs 44.6 crore and accounted for 89% of total with PBIT margin at 9.1%
For the 6 months ended June 19, sales from the Valves segment stood at Rs 101.8 crore and accounted for 34% of sales. PBIT from the same stood at Rs 5.7 crore as compared to Rs 3.4 crore YoY with PBIT margin at 9.1%.
For the 6 months ended June 19, sales from other segment stood at Rs 46.9 crore and accounted for 7% of total sales. Loss at PBIT level stood at Rs 0.1 crore as compared to loss of Rs 0.4 crore for 6 mths ended June 18.
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