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The company reported net sales of Rs 80.43 crore, up by 1% YoY. Lower crude oil and copper prices resulted in OPM being higher by 370 bps to 16.1% resulted in OP to Rs 12.93 crore, up by 30% YoY. Other income was up by 73% to Rs 2.02 crore. Interest costs stood at Rs 0.15 crore and depreciation was up by 20% to Rs 1.65 crore. PBT stood at Rs 13.15 crore, up by 37% YoY. After paying total tax of Rs 4.51 crore up by 28% YoY, PAT stood at Rs 8.64 crore up by 43%.
Electrical Insulation segment sales were up by 2% to Rs 65.94 crore. PBIT of the segment stood at Rs 10.16 crore, up by 48% YoY with PBIT margin of 15.4% as compared to 10.6% for Mar'14 quarter.
Engineering & Electronics Resins segment sales stood at Rs 15.55 crore, up by 3% for Mar'15 quarter on YoY basis. PBIT of the segment stood at Rs 2.42 crore, up by 10% YoY with PBIT margin of 15.6% as compared to 14.6% for Mar'14 quarter.
Performance for the year ended Dec 2014
For the year ended Dec 2014, net sales was up by 12% to Rs 341.45 crore, OPM was down by 30 bps to 12.3% thus restricting the OP growth to 7% to Rs 42.15 crore. Other income was down by 22% to Rs 8.48 crore. Interest costs was up by 35% to Rs 0.24 crore and depreciation was up by 1% to Rs 50.39 crore. After providing total tax of Rs 13.36 crore, up by 4%, PAT for the year ended Dec 2014 stood at Rs 31.61 crore almost flat on YoY basis.
Electrical Insulation segment sales were up by 9% to Rs 279.87 crore. PBIT of the segment stood at Rs 30.37 crore, down by 5% YoY with PBIT margin of 10.9% as compared to 12.5% for the calendar year ended Mar'13.
Engineering & Electronics Resins segment sales stood at Rs 63.28 crore, up by 29%. PBIT of the segment stood at Rs 10.01 crore, up by 79% YoY with PBIT margin of 15.8% as compared to 11.4% for calendar year Mar'13.
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