Electrical Insulation segment sales were lower by 3% to Rs 74.34 crore. PBIT of the segment stood at Rs 15.16 crore, down by 12% YoY with PBIT margin of 20.4% as compared to 22.7% for Sep 16 quarter.

Engineering & Electronics Resins segment sales stood at Rs 17.11 crore, up by 10% for Sep 17 quarter on YoY basis. PBIT of the segment stood at Rs 3.43 crore, down by 10% on YoY basis with PBIT margin of 20% as compared to 24.5% for Sep 16 quarter.

Performance for the 9 months ended Sep 17

The company reported net sales of Rs 283.73 crore, which was higher by 1% YoY basis for the 9 months ended Sep 17. Increase in copper prices resulted in OPM being lower by 190 bps to 20.4% resulted in OP of Rs 57.77 crore, down by 7% YoY. Other income was up by 15% to Rs 6.46 crore. Depreciation was higher by 7% to Rs 4.12 crore. Other income stood at Rs 22 lakh as compared to Rs 21 lakh for 9 months ended Sep 16. PBT stood at Rs 59.89 crore, down by 6% YoY. After paying total tax of Rs 19.36 crore down by 8% YoY, PAT for the 9 months ended Sep 17 stood at Rs 40.53 crore down by 5% YoY.

Electrical Insulation segment sales were flat and stood at Rs 231.54 crore. PBIT of the segment stood at Rs 46.42 crore, down by 9% YoY with PBIT margin of 20% as compared to 22% YoY.

Engineering & Electronics Resins segment sales stood at Rs 53.30 crore, up by 9% for 9 months ended Sep 17 on YoY basis. PBIT of the segment stood at Rs 10.95 crore, down by 1% on YoY basis with PBIT margin of 20.5% as compared to 22.7% for 9 months ended Sep 16.