Samkrg Pistons & Rings

OPM expanded by 140 bps

Oct 22, 2020 08:10 IST capital market

Standalone sales of Samkrg Pistons & Rings for the quarter ended Sep 2020 was down by 2% to Rs 62.20 crore as OEMs commenced operation and ramp up production. But with operating profit margin expand by 90 bps to 18.4%, the operating profit was up by 3% to Rs 11.45 crore. Other income more than doubled (up 125%) to Rs 0.51 crore and thus the PBIDT was up by 5% to Rs 11.96 crore. The interest cost was up by 28% to Rs 0.33 crore and the depreciation was down by 1% to Rs 3.26 crore. Thus the PBT was up by 7% to Rs 8.38 crore. The taxation was up by 36% to Rs 2.25 crore and thus the PAT was down by 1% to Rs 6.13 crore.

Half-yearly Performance

Sales was down by 38% to Rs 75.89 crore and with OPM contract by 270 bps to 14.2%, the OP was down by 48% Rs 10.78 crore. The other income was up by 68% to Rs 0.80 crore and thus the PBIDT was down by 45% to Rs 11.58 crore. After accounting for lower interest and lower depreciation, the PBT was down by 64% to Rs 5.21 crore. With taxation stand lower by 40% to Rs 2.25 crore, the PAT was eventually lower by 72% to Rs 2.96 crore.

SAMKRG Pistons & Rings : Standalone Results

 

2009 (3) 1909 (3) Var. (%) 2009 (6) 1909 (6) Var. (%) 2003 (12) 1903 (12) Var. (%)
Sales 62.20 63.61 -2 75.89 122.24 -38 235.51 289.10 -19
OPM (%) 18.4 17.5 14.2 16.9 16.1 14.8
OP 11.45 11.15 3 10.78 20.63 -48 38.03 42.80 -11
Other inc. 0.51 0.23 125 0.80 0.47 68 1.72 2.45 -30
PBIDT 11.96 11.38 5 11.58 21.10 -45 39.75 45.25 -12
Interest 0.33 0.26 28 0.37 0.59 -37 1.03 1.44 -28
PBDT 11.64 11.12 5 11.21 20.51 -45 38.71 43.81 -12
Dep. 3.26 3.30 -1 6.00 6.05 -1 12.76 12.06 6
PBT 8.38 7.82 7 5.21 14.46 -64 25.95 31.75 -18
EO Exp 0.00 0.00 0.00 0.00 0.00 0.00
PBT after EO 8.38 7.82 7 5.21 14.46 -64 25.95 31.75 -18
Taxation 2.25 1.65 36 2.25 3.75 -40 6.35 10.72 -41
PAT 6.13 6.17 -1 2.96 10.71 -72 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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