• Sales was lowerby 14% to Rs21.78 crorewith lingering impact of COVID pandemic as railways start operation at full swing and its production units are still ramping up operations. But the value of production (VoP) was down by 11% to Rs 22.20 crore. Sales was 0.98 times of its VoP for the quarter and it was 1.02 times of VoP in corresponding previous period. Sales lowerthan VoP reflects inventory build-up, which will be liquidated in coming quarter.
• OPM expanded by marginal 70 bps to 17.0% largely due to fall in material cost. The material cost as % of sales was down by 150 bps to 39.4%. The staff was up by 100 bps to 3.8% and the OE was up by 40 bps to 40.2%. Thus hit by lower sales the OP was down by 10% to Rs 3.71 crore.

Half Yearly performance

Sales was down by 22% to Rs 38.58 crore and with OPM expand by 50 bps to 17.3%, the operating profit was down by 20% to Rs 6.66 crore. The other income was up by 2% to Rs 0.40 crore and thus the PBIDT was down by 19% to Rs 7.06 crore. The interest cost was down by 34% to Rs 0.26 crore and the depreciation was up by 1% to Rs 1.22 crore. Thus the PBT was down by 21% to Rs 5.58 crore. The taxation was down by 8% to Rs 1.74 crore and the PAT was down by 26% to Rs 3.85 crore.