Samkrg Pistons & Rings

Subdued show hit by COVID lockdown & gradual rampup in OEM production

Aug 18, 2020 09:08 IST capital market

The standalone sales of Samkrg Pistons & Rings for the quarter ended June 2020 was down by 77% to Rs 13.69 crore impacted by COVID lockdown as well as just gradual production rampup in OEM productions in line with slow recovery in overall auto demand and supply shortages. Further with Operating profit margin turn negative 4.9% (against positive 16.3%), it was operating loss of Rs 0.67 crore compared to a profit of Rs 9.59 crore in the corresponding previous period. Other income more than doubled (up 111%) to Rs 0.29 crore and thus the loss at PBIDT moderated to stand at Rs 0.38 crore compared to a profit of Rs 9.72 crore in the corresponding previous period. The interest cost was down by 88% to Rs 0.04 crore and the depreciation was flat at Rs 2.75 crore. Thus the loss at PBT was Rs 3.18 crore compared to a profit of Rs 6.64 crore in the corresponding previous period. With taxation stand lower by 100% to nil (from Rs 2.10 crore in corresponding previous period), the PAT was a loss of Rs 3.18 crore compared to a profit of Rs 4.54 crore in the corresponding previous period.

Yearly Performance

Sales was down by 19% to 235.51 crore. With OPM expand by 130 bps to 16.1%, the operating profit was down by 11% to Rs 38.03 crore. The other income was down by 30% to Rs 1.72 crore and thus the PBIDT was down by 12% to Rs 39.75 crore. After accounting for lower interest and higher depreciation, the PBT was down by 18% to Rs 25.95 crore. With taxation stand lower by 41% to Rs 6.35 crore, the PAT was eventually lower by 7% to Rs 19.60 crore.

SAMKRG Pistons & Rings : Standalone Results

 

2006 (3) 1906 (3) Var. (%) 2003 (12) 1903 (12) Var. (%)
Sales 13.69 58.73 -77 235.51 289.10 -19
OPM (%) -4.9 16.3 16.1 14.8
OP -0.67 9.59 -107 38.03 42.80 -11
Other inc. 0.29 0.14 111 1.72 2.45 -30
PBIDT -0.38 9.72 -104 39.75 45.25 -12
Interest 0.04 0.33 -88 1.03 1.44 -28
PBDT -0.43 9.39 -105 38.71 43.81 -12
Dep. 2.75 2.75 0 12.76 12.06 6
PBT -3.18 6.64 -148 25.95 31.75 -18
EO Exp 0.00 0.00 0.00 0.00
PBT after EO -3.18 6.64 -148 25.95 31.75 -18
Taxation 0.00 2.10 -100 6.35 10.72 -41
PAT -3.18 4.54 -170 19.60 21.04 -7
EPS (Rs)* # # 20.0 21.4
* EPS is on current equity of Rs 9.8205 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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