Yearly Performance
Sales was up by 15% to Rs3422.49 crore. Higher sales with 140 bps expansion in operating profit margin resulted in 24% increase in operating profit to Rs706.50 crore. Further with 8% increasein other income to Rs 245.08 crore, the PBIDT wasup by 20% to Rs951.58 crore. After accounting for higher interest and depreciation, the PBT was up by 15% to Rs857.72 crore. The EO Expense for the period as well as corresponding previous period was nil and thus the PBT after EO was up by 15% to Rs857.72 crore. With taxation standing lower by 16% to Rs 225.71 crore, the PAT was up by 32% to Rs 632.01 crore.
Order book
Order book as end of March 31, 2020 to Rs 14630.62 crore of which ship repair orders was Rs 500 crore.
Other developments
To pay a dividend of Rs 15/- per equity share of face value of RS.10 for the financial year ended March31, 2020 subject to approval of shareholders in the ensuing AGM.