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Other income fell 57% to Rs 1.88 crore and depreciation went up 8% to Rs 2.68 crore.
Thus PBT grew 92% to Rs 23.50 crore.
EO loss was NIL against Rs 74 lakh. Thus PBT after EO grew 105% to Rs 23.50 crore.
Tax provision was higher by 213% to Rs 7.14 crore. Thus net profit went up 78% to Rs 16.36 crore.
FY 2019 results
In FY 2019, Esab India registered 24% jump in sales to Rs 671.63 crore. OPM improved 220 basis points to 11.1% which saw OP grow 52% to Rs 78.80 crore.
Other income grew 30% to Rs 16.72 crore and depreciation went up 6% to Rs 10.70 crore.
Thus PBT jumped 56% to Rs 84.82 crore.
EO loss was Rs 68 lakh against Rs 1.88 crore. Thus PBT after EO grew 60% to Rs 84.14 crore.
The company undertook a restructuring exercise during the previous years at Taratala involving optimizing its capacities, which had resulted in impairment of property, plant and equipment amounting to NIL (9 months period ended December 31, 2018 : Rs. 68 lakhs and for FY 2019: Rs 188 lakhs). This is shown as EO.
Tax provision was higher by 71% to Rs 26.55 crore. Thus net profit jumped 55% to Rs 57.59 crore.
The stock trades at Rs 840.
Esab India: Results
|1903 (3)||1803 (3)||Var. (%)||1903 (12)||1803 (12)||Var. (%)|
|PBT before EO||23.50||12.21||92||84.82||54.52||56|
|* Paid up equity capital is Rs 15.39 crore, Face value Rs 10|
Figures in crore
PL: Profit to Loss LP: Loss to Profit
EO: Extraordinary items
EPS excludes EO and relevant tax
Source: Capitaline Databases
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