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For the quarter ended Dec 17, net sales were higher by 21% YoY to Rs 1639.55 crore. OPM was higher by 800 bps to 27.2%, thus resulting in a 71% rise in OP to Rs 445.57 crore. Other income was lower by 14% to Rs 72.67 crore and interest costs were Rs 0.02 crore. Depreciation was higher by 8% to Rs 99.49 crore which resulted in a 66% increase in PBT to Rs 418.73 crore. Total tax provision was higher by 94% to Rs 129.65 crore on YoY basis. Thus PAT for the quarter ended Dec 17 stood at Rs 289.08 crore up by 55% YoY.
For the quarter ended Dec 17, Exim sales, which constitute around 80% of total sales, were higher by 26% to Rs 1319.21 crore. Domestic sales were higher by 19% to Rs 320.34 crore. PBIT Margin of Exim business stood at 27.8% and PBIT stood at Rs 366.15 crore, up by 102% on YoY basis. PBIT margin of Domestic business stood at 0.3% and PBIT stood at Rs 0.90 crore, up by 181% YoY
Performance for 9 months ended Dec 17
For the 9 months ended Dec 17, net sales were higher by 13% YoY to Rs 4526.53 crore. OPM was higher by 460 bps to 23.3%, thus resulting in a 41% rise in OP to Rs 1054.34 crore. Other income was higher by 14% to Rs 261.67 crore and interest costs were Rs 0.07 crore. Depreciation was higher by 11% to Rs 291.61 crore which resulted in a 43% increase in PBT to Rs 1024.33 crore. Total tax provision was higher by 38% to Rs 268.93 crore on YoY basis. Thus PAT for 9 months ended Dec 17 stood at Rs 755.40 crore, up by 45% YoY.
For the 9 months ended Dec 17, Exim sales, which constitute around 79% of total sales, were higher by 11% to Rs 3592.25 crore. Domestic sales were higher by 23% and stood at Rs 934.28 crore. PBIT Margin of Exim business stood at 21.8% and PBIT stood at Rs 781.86 crore, up by 39% YoY. PBIT margin of Domestic business stood at 4.8% and PBIT stood at Rs 44.63 crore, up by 298% YoY.
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