Nine month performance
Sales for the period was up by 58% to Rs 338.79 crore. The OPM was up by 400 bps to 20.5% and thus the OP was up by 97% to Rs 69.59 crore. The PBT was up by 164% to Rs 60.74 crore gained by higher other income, which was up by 134% to Rs 5.28 crore as well as lower interest and depreciation cost. The taxation was higher at RS 16 crore compared to mere RS 1.09 in the corresponding previous period. Thus the PAT was up by 104% to Rs 44.75 crore.
To expand asbestos and non-asbestos flat sheet capacity at Perundurai
Company is planning to expand Asbestos Flat Sheets and Non-Asbestos Flat Sheets manufacturing facilities by putting a new production line at Perundurai plant of 72000 MT p.a. capacity. Expected cost of expansion is INR 80 Crores and would be funded by debts and internal accruals.
The capacity utilisation for 9mFY21 stood at 71.87% compared to 44.14% in corresponding previous period.
The Board of Directors of the Company at its meeting held on 5th Feb 2020 had approved the scheme of Arrangement between the Company and Poonam Roofing Products Private Limited (PRPPl) pursuant to section 230 to 232 alongwith other applicable provision of The Companies Act, 2013 for demerger of Industrial Business Activity Division of PRPPl Into the Company with effect from 015t April 2020. The Company has received observation letter from BSE having no objection to the Scheme. Now, The Company has made an application to NCLT,Mumbal Bench for approval of scheme.
Sahyadri Industries: Results
|2012 (3)||1912 (3)||Var.(%)||2012 (9)||1912 (9)||Var.(%)||2003 (12)||1903 (12)||Var. (%)|
|PBT after EO||12.44||3.47||258||60.74||22.99||164||28.28||44.89||-37|
|* Annualised on current equity of Rs 9.5615 crore. Face Value: Rs 10|
Var. (%) exceeding 999 has been truncated to 999
LP: Loss to Profit PL: Profit to Loss
EO: Extraordinary items
EPS is calculated after excluding EO and relevant tax
# EPS can not be annualised due to seasonality in business
Figures in Rs crore
Source: Capitaline Corporate Database
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