• Downside in revenue was driven largely by lower revenue registered by all business segments of the company. The safety & Industrial (S&I) business of the company registered 10% fall in revenue to Rs 284.60 crore (or 38% of sales). Similarly the segment revenue of Healthcare was down by 7% to Rs 120.88 crore (or 16% of sales). The segment revenue of Transportation & Electronics (T&E) was nearly flat (up 0%) at Rs 252.69 crore (or 34% of sales)compared to RS 253.57 crore in the corresponding previous period. That of Consumer was down by 1% (to Rs 80.33 crore or 11% of total sales).The others was down by 29% to RS 6.88 crore.
  
• The EBIT was down by 47% to Rs 83.10 crore and that is largely due to lower segment profit registered by all segments largely driven by lower sales as well as lower segment margin. Segment profit of Safety & Industrial was down by 51% to Rs 38.26 crore that of T&E was down by 55% to Rs 12.10 crore. The segment profit of Healthcare and Consumer was down by 55% (to Rs 13.55 crore) and 12% (to Rs 17.44 crore) respectively. The segment profit of others was down by 30% to Rs 1.75 crore.  

Nine Month Performance

Consolidated sales for the period was higher by 2% to Rs 2313.40 crore. But with 290 bps contraction in OPM to 16.1% the operating profit was down by 14% to Rs 373.34 crore. The PBT was down by 17% to Rs 360.60 crore after accounting for lower OI, higher interest and higher depreciation. With taxation stand lower by 35% to Rs 98.54 crore, the PAT was down by 7% to Rs 262.06 crore.

The segment revenue of S&I was down by 1% to Rs 877.90 crore and that together with 460 bps contraction in segment margin resulted in 23% fall in segment profit to Rs 142.61 crore. However the T&E business despite 3% growth in sales to Rs 782.58 crore has seen its segment profit down by 24% to Rs 65.53 crore as its segment margin down by 310 bps to 8.4%. The segment profit of healthcare was down by 19% to Rs 62.04 crore hit largely by 440 bps to 16.2% as its segment sales was up by modest 3% to Rs 382.16 crore. But the segment profit of consumer was up by 22% to Rs 55.50 crore facilitated by higher sales (up 7% to RS 251.53 crore) and 270 bps expansion in segment margin to 22.1%. The segment profit of others was down by 35% to Rs 4.22 crore.