Sales was down by 66% to Rs 164.71 crore with continued end user demand for automotive. Lower sales together with 250 bps fall in OPM to 9%, has resulted in 74% fall in operating profit to Rs 14.78 crore. The other income was up by 152% to Rs 1.81 crore and thus the PBIDT was down by 71% to Rs 16.58 crore.
The interest cost was up by 358% to Rs 0.71 crore and the depreciation was down by 21% to Rs 9.09 crore. Thus the PBT was down by 85% to Rs 6.79 crore. With taxation stand lower by 84% to Rs 2.26 crore, the PAT was down by 85% to Rs 4.52 crore.
Sales was down by 46% to Rs 783.20 crore hit by subdued demand for M&HCV in domestic market. The operating profit margin for the period eroded by 140 bps to 10.3% and that along with lower sales resulted in 53% fall in OP to Rs 80.49 crore. The PBT was down by 58% to Rs 56.80 crore after accounting for higher other income, higher interest and depreciation as % of sales.
With EO expense being Rs 2.02 crore against nil in the corresponding previous period, the PBT after EO was down by 60% to Rs 54.77 crore. With taxation down by 57% to Rs 19.39 crore, the PAT was eventually lower by 61% to Rs 35.38 crore.
Automotive Axles : Standalone Results
|1909 (3)||1809 (3)||Var. (%)||1909 (6)||1809 (6)||Var. (%)||1903 (12)||1803 (12)||Var. (%)|
|PBT after EO||6.79||44.90||-85||54.77||136.33||-60||185.31||127.82||45|
|* EPS is on current equity of Rs 15.112 crore, Face value of Rs 10|
# EPS is not annualised due to seasonality of business
Figures in Rs crore
Source: Capitaline Corporate Database
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