• Sales were down by 21% to Rs 928.54 crore and the downside is largely due to fall in revenue mobility components & related solutions (MCRS). The segment revenue of MCRS was down by 21% to Rs 740.05 crore (or 80% of sales). The segment revenue of others was down by 19% to Rs 222.52 crore (or 20% of sales.

• EBIT was down by 37% to Rs 92.84 crore hit by lower profit from MCRS business. Segment profit of MCRS was down by 45% to Rs 64.71 crore hit by lower sales as well as 376 bps contraction in segment margin of it to 8.7%. However despite high teen fall in sales the segment profit of others was down by just 3% to Rs 28.13 crore, facilitated by 240 bps expansion in segment margin to 14.9%.

Yearly performance

Sales for the period were down by 4% to Rs 4360.63 crore. But with OPM contract by 170 bps that together with lower sales resulted in 14% fall in operating profit to Rs 633.59 crore. The other income was down by 30% to Rs 63.21 crore and thus the PBIDT was down by 16% to Rs 696.80 crore. With interest stand lower by 51% to Rs 3.47 crore and depreciation down by 7% to Rs 158.71 crore, the PBT was down by 21% to Rs 534.62 crore. With taxation down by 21% to Rs 166.64 crore, the net profit was eventually down by 12% to Rs 367.64 crore.

Segment profit of MCRS was down by 29% to Rs 364.09 crore hit by lower sales (down 7% to Rs 3501.59 crore) and 320 bps contraction in segment margin to 10.4%. The segment profit of others was up by 50% to Rs 115.78 crore powered by higher sales (up 9% to Rs 859.04 crore) as well as 370 bps expansion in segment margin to 13.5%.