- Consolidated sales was up by 3% to Rs 154.43 crore. Upside in sales was largely due to higher revenue from heavy engineering. Segment revenue of Glass Line Equipment (GL) was down by 20% to Rs 77.21 crore (or 50% of sales). Similarly that of proprietary products was down by 26% to Rs 35.51 crore (or 23% of sales). But the segment revenue of Heavy Engineering (HE) was up by 565% to Rs 41.72 crore (or 27% of t.sales).
- EBIT was up by 1% to Rs 26.48 crore thanks largely to jump in profit of Heavy Engineering. Segment profit of GL equipment business was down by 21% to Rs 14.72 crore driven by lower sales as well as 40 bps contraction in its segment margin to 19.1%. The segment profit of PP was down by 62% to Rs 2.85 crore hit by lower sales and 760 bps fall in segment margin to 8.0%. However the HE segment registered a profit of Rs 8.91 crore compared to a profit of Rs 0.17 crore in the corresponding previous period.
- Other income stood higher by 105% to Rs 2.72 crore and thus the growth at PBIDT stood higher by 4% to Rs 30.21 crore. With interest and depreciation up by 95% (to Rs 1.17 crore) and 40% (to Rs 5.98 crore) the PBT was down by 4% to Rs 23.07 crore.
- With taxation (net of deferred tax) for the period being down by 39% to Rs 3.88 crore, the PAT was up by 8% to Rs 19.19 crore.
Consolidated sales for the period was up by 18% to Rs 591.07 crore. With OPM expand by 350 bps to 18.8%, the operating profit was up by 44% to Rs 111.14 crore. However the growth at PBT moderated to stand at 26% to Rs 92.29 crore hit by lower OI, higher interest and depreciation. Eventually the PAT was up by 41% to Rs 71.13 crore as taxation stand lower by 7% to Rs 21.16 crore.
Segment profit of GL was up by 43% (to Rs 79.58 crore) led by 24% growth in sales (to Rs 354.74 crore) and 290 bps expansion in segment margin to 22.4%. Similarly the segment profit of PP was up by 25% (to Rs 24.76 crore) facilitated by 15% growth in sales to Rs 186.12 crore and 110 bps expansion in segment margin to 13.3%. However the segment profit of HE was down by 19% to Rs 5.18 crore with its sales down by 9% to Rs 50.22 crore and its segment margin decline by 130 bps to 10.3%.
Commenting on the Companys performance for FY20, Mr. Tarak Patel, and Managing Director said We are pleased to start the fiscal year on a positive note with a solid performance in this quarter. Despite external challenges related to the coronavirus pandemic and the subsequent nationwide lockdown, we were able to quickly ramp up our production activities and make a strong recovery. All our business lines continue to witness strong traction on the back of robust demand driven by the Chemical and Pharmaceutical industries. We are also pleased to announce that we have received approval to sign definitive documents with De Dietrich Process Systems India Pvt. Ltd. (DDPSI) for the acquisition of their Glass Lined Equipment manufacturing facility in Hyderabad, Telangana which will help us further strengthen our presence in the region.
GMM Pfaudler : Consolidated Results
|2006 (3)||1906 (3)||Var. (%)||2003 (12)||1903 (12)||Var.(%)|
|* Annualized On Current Equity Of Rs 2.923 Crore. Face Value: Rs 2|
# EPS is not annualised due to seasonality of business
Figures in Rs crore
Source: Capitaline Corporate Database
GMM Pfaudler: Segment Results
|Segment||2006 (3)||1906 (3)||Var. (%)||% to total||2003 (12)||1903 (12)||Var.(%)||% to total|
|Inter Segment Revenue|
|LESS: Interest expenes||1.17||0.60||95||3.49||1.17||198|
|Other income & unallocable expenses||2.24||1.71||31||13.74||7.38|
|PBT before EO||23.07||24.04||-4||92.29||73.27||26|
|Profit from discontinued operations (auto anciliary)|
PBT before profit from discontinued operations
Note: Figures in Rs crore
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