• Downside in revenue was largely due to fall in revenue of both EPC as well as cables-institutional exports as the cables retail and cables institutional domestic registered growth for the quarters. Segment sales of cables institution domestic was up by 3% to Rs 499 crore and that of cables institution exports was down by 61% to Rs 100 crore. Cables retail was up by 11% to Rs 410 crore. The revenue of EPC was down by 33% to Rs 122 crore on high base as the corresponding previous period had the benefit of execution of Dangote order. While the sales of SS wire was up by 24% to Rs 41 crore.
  
• EBIT (after inter segment elimination) was down by 18% to Rs 137.77 crore with downside coming from EPC projects and cables. Segment profit of cables was down by 5% to Rs 125.22 crore. Similarly the profit of EPC was down by 33% to Rs 31.41 crore. The segment profit of SS wire was up by 137% to Rs 3.234 crore.
  
• Current Tax for the quarter is net of write back of Tax for the earlier year of Rs 1.68 crore.

Consolidated sales was down by 12% to Rs 1152.94 crore and with OPM expand by 50 bps to 11.1%, the operating profit was down by 8% to Rs 128.31 crore. But the PAT was up by 10% to Rs 79.67 crore. With profit from share of profit was down to nil from RS 0.09 crore in the corresponding previous period. The minority interest was down by 59% to Rs 0.01 crore. Thus the net profit was up by 10% Rs 79.67 crore.

 Nine month performance  

Sales was down by 19% to Rs 2935.18 crore and the operating profit was down by 15% to Rs 318.87 crore as the OPM expand by 50 bps to 10.9%. After accounting for higher other income, lower interest and marginally higher depreciation, the PBT was up by 1% to RS 248.35 crore. Taxation was up by 27% to Rs 64.30 crore and thus the PAT was down by 5% to Rs 184.05 crore.  

Consolidated sales was down by 19% to Rs 2935.23 crore that with 60 bps expansion in OPM to 10.9%, the operating profit was down by 15% to Rs 318.89 crore. Eventually the net profit after MI was down by 5% to Rs 183.97 crore.

Order book  

Order backlog as end of Dec 2020 was approx. Rs 2611 crore and L1 order of EHV cable at Rs 130 crore.