Electrical Insulation segment sales stood at Rs 82.15 crore down by 3% YoY and accounted for 86% of total sales. PBIT of the segment stood at Rs 10.72 crore, up by 2% YoY with PBIT margin at 13%.

Engineering & Electronics Resins segment sales stood at Rs 13.42 crore down by 10% YoY and accounted for 14% of total sales. PBIT of the segment stood at Rs 1.65 crore, down by 14% on YoY basis with PBIT margin at 12.3%.

Performance for the 9 months ended September 19

Net sales for 9 months ended September 19 stood at Rs 300.79 crore up by 1% YoY. OPM was down by 120 bps to 14.3% resulting in a 7% fall in OP to Rs 42.95 crore. Other income was up by 42% to Rs 11.86 crore. Interest cost stood at Rs 37 lakh and depreciation was up by 15% to Rs 5.46 crore. Thus PBT before EO was down by 1% to Rs 48.99 crore. There was EO income of Rs 1.83 crore related to write back of provision for certain legal matters no longer required compared to EO gain of Rs 19.28 crore pertaining to sale of office premises in 9 months ended September 18. Thus, PBT after EO stood at Rs 50.81 crore down by 26% YoY. After providing total tax of Rs 11.81 crore which down by 32% YoY, PAT for 9 months ended September 19 stood at Rs 39.01 crore, down by 24% YoY.

For the 9 months ended September 19, Electrical Insulation segment sales stood at Rs 263.71 crore up by 4% YoY and accounted for 87% of total sales. PBIT of the segment stood at Rs 37.9 crore, down by 3% YoY basis and accounted for 88% of total PBIT with PBIT margin at 14.4%.

Engineering & Electronics Resins segment sales stood at Rs 40.18 crore down by 14% and accounted for 13% of total sales. PBIT of the segment stood at Rs 5.41 crore, down by 15% on YoY basis with PBIT margin at 13.5%

The stock trades at Rs 2465.