Today's Top Gainer
| SYMBOL | CMP | Chg (%) |
|---|---|---|
Note:Top Gainer - Nifty 50 More
Savita Oil Technologies
Successfully passed the turbulent quarter
Jan 29, 2019 05:01 IST capital market
For the quarter ended Dec 18, net sales of Savita Oil Technologies were up by 31% to Rs 602.02 crore. OPM stood at 8.7% as compared to an OPM of 11.4%, thus at OP level, the company reported profit of Rs 52.66 crore up by 1% YoY. Other income was higher by 148% to Rs 18.57 crore. Interest was higher by 81% to Rs 5.04 crore while depreciation costs were lower by 8% to Rs 6.01 crore. Thus, PBT stood at Rs 60.18 crore up by 19% YoY. After paying total tax of Rs 15.71 crore, PAT for Dec 18 quarter stood at Rs 44.47 crore up by 26% YoY.
Net sales of Petroleum products, which accounts for 96% of total revenue, stood at Rs 597.85 crore for Dec 18 quarter. PBIT stood at Rs 70.25 crore, up by 24% YoY. Net sales of Wind Power segment which account for 2% of total sales, stood at Rs 5.57 crore. Profit at PBIT level stood at Rs 0.68 crore as compared to loss at PBIT level of Rs 0.13 crore for Dec 17 quarter.
Performance for the 9 months ended Dec 18
For the 9 months ended Dec 18, net sales of Savita Oil Technologies were up 30% on YoY basis at Rs 1715.70 crore. OPM stood at 8.3% down by 190 bps on YoY basis thus at OP level, the company reported profit of Rs 141.72 crore up by 5% YoY. Other income was higher by 4% to Rs 11.44 crore. Interest was up by 184% to Rs 24.04 crore largely due to higher working capital requirements while depreciation costs were lower by 10% to Rs 17.43 crore. Thus, PBT stood at Rs 111.69 crore up down by 6% YoY. There was a 5% decrease in total tax to Rs 30.79 crore, resulting in a 6% decrease in PAT to Rs 80.90 crore.
Net sales of Petroleum products, which accounts for 98% of total revenue, stood at Rs 1688.32 crore PBIT stood at Rs 128.16 crore, up by 87% YoY and accounted for 87% of total PBIT. Net sales of Wind Power segment stood at Rs 36.05 crore and accounted for 3% of total sales. PBIT stood at Rs 19.91 crore, down by 3% YoY and accounted for 13% of total PBIT.
Savita Oil Technologies: Results
| 1812(03) | 1712(03) | Var. (%) | 1812(09) | 1712(09) | Var. (%) | 1803 (12) | 1703 (12) | Var. (%) | |
| Net Sales | 602.02 | 458.45 | 31% | 1715.70 | 1322.23 | 30% | 1782.70 | 1497.17 | 19% |
| OPM(%) | 8.7% | 11.4% | 8.3% | 10.2% | 10.4% | 10.4% | |||
| OP | 52.66 | 52.26 | 1% | 141.72 | 135.08 | 5% | 186.16 | 155.10 | 20% |
| Other Income | 18.57 | 7.48 | 148% | 11.44 | 10.99 | 4% | 9.55 | 13.05 | -27% |
| PBIDT | 71.23 | 59.74 | 19% | 153.16 | 146.07 | 5% | 195.71 | 168.15 | 16% |
| Interest | 5.04 | 2.79 | 81% | 24.04 | 8.45 | 184% | 13.75 | 13.71 | 0% |
| PBDT | 66.19 | 56.95 | 16% | 129.12 | 137.62 | -6% | 181.96 | 154.44 | 18% |
| Depreciation | 6.01 | 6.52 | -8% | 17.43 | 19.31 | -10% | 25.88 | 28.28 | -8% |
| PBT | 60.18 | 50.43 | 19% | 111.69 | 118.31 | -6% | 156.08 | 126.16 | 24% |
| EO | 0.00 | 0.00 | 0% | 0.00 | 0.00 | 0% | 0.00 | 0.00 | 0% |
| PBT after EO | 60.18 | 50.43 | 19% | 111.69 | 118.31 | -6% | 156.08 | 126.16 | 24% |
| Total Tax | 15.71 | 15.26 | 3% | 30.79 | 32.38 | -5% | 44.87 | 32.54 | 38% |
| PAT | 44.47 | 35.17 | 26% | 80.90 | 85.93 | -6% | 111.21 | 93.62 | 19% |
| PPI | 0.00 | 0.00 | 0% | 0.00 | 0.00 | 0% | 14.98 | 0.00 | 0% |
| PAT after PPI | 44.47 | 35.17 | 26% | 80.90 | 85.93 | -6% | 126.19 | 93.62 | 35% |
| EPS* | # | # | # | # | 77.7 | 65.4 | |||
| * Annualized On Current Equity Of Rs 14.32 Crore of face value of Rs 10 each #EPS not annualised due to seasonality of business, PPI: Prior Period Item EO: Extraordinary Items, PL: Profit to Loss, LP: Loss to Profit EPS Is Calculated After Excluding EO And Relevant Tax Figures In Rs Crore Source: Capitaline Database | |||||||||
Savita Oil Technologies: Segmental Result
| 1812(03) | 1712(03) | (%) of Total | Var. (%) | 1812(09) | 1712(09) | (%) of Total | Var. (%) | 1803(12) | 1703(12) | (%) of Total | Var. (%) | |
| Net Sales | ||||||||||||
| Petroleum Products | 597.85 | 458.99 | 96 | 30 | 1688.32 | 1337.23 | 98 | 1790.25 | 1648.40 | 98 | ||
| Wind Power | 5.57 | 6.15 | 1 | -9 | 36.05 | 36.75 | 3 | 41.67 | 46.73 | 2 | ||
| Others | 17.17 | 0.79 | 3 | 999 | 2.77 | 1.17 | 0 | 2.26 | 1.19 | 0 | ||
| Total | 620.59 | 465.93 | 100 | 33 | 1727.14 | 1375.15 | 101 | 1834.18 | 1696.32 | 100 | ||
| PBIT | ||||||||||||
| Petroleum Products | 70.25 | 56.62 | 99 | 24 | 128.16 | 117.79 | 87 | 9 | 164.15 | 132.28 | 89 | 24 |
| Wind Power | 0.68 | (0.13) | 1 | LP | 19.91 | 20.45 | 13 | -3 | 19.95 | 24.39 | 11 | -18 |
| Others | 0.00 | 0.00 | 0 | 0 | 0.00 | 0.00 | 0 | 0 | 0.00 | 0.00 | 0 | 0 |
| Total Segment Results | 70.93 | 56.49 | 100 | 26 | 148.07 | 138.24 | 100 | 7 | 184.10 | 156.67 | 100 | 18 |
| Less :- | ||||||||||||
| Finance costs | 5.04 | 2.79 | 81 | 24.04 | 8.45 | 184 | 13.75 | 13.71 | 0 | |||
| Others | 5.71 | 3.27 | 75 | 12.34 | 11.48 | 7 | 14.27 | 16.81 | -15 | |||
| PBT | 60.18 | 50.43 | 19 | 111.69 | 118.31 | -6 | 156.08 | 126.15 | 24 | |||
| Figures in Rs crore, LP: Loss to Profit, PL: Profit to Loss Source: Capitaline Database | ||||||||||||
Savita Oil Technologies: Segmental Result
| 1806(03) | 1706(03) | (%) of Total | Var (%) | 1803(12) | 1703(12) | (%) of Total | Var (%) | |
| Net Sales | ||||||||
| Petroleum Products | 533.77 | 453.26 | 98 | 1790.25 | 1648.40 | 98 | ||
| Wind Power | 9.80 | 12.99 | 2 | 41.67 | 46.73 | 2 | ||
| Others | 0.45 | 0.09 | 0 | 2.26 | 1.19 | 0 | ||
| Total | 544.02 | 466.34 | 100 | 1834.18 | 1696.32 | 100 | ||
| PBIT | ||||||||
| Petroleum Products | 33.53 | 32.17 | 89 | 4 | 164.15 | 132.28 | 89 | 24 |
| Wind Power | 4.26 | 7.74 | 11 | -45 | 19.95 | 24.39 | 11 | -18 |
| Others | 0.00 | 0.00 | 0 | 0 | 0.00 | 0.00 | 0 | 0 |
| Total Segment Results | 37.79 | 39.91 | 100 | -5 | 184.10 | 156.67 | 100 | 18 |
| Less :- | ||||||||
| Finance costs | 8.24 | 3.03 | 172 | 13.75 | 13.71 | 0 | ||
| Others | 3.22 | 3.52 | -9 | 14.27 | 16.81 | -15 | ||
| PBT | 26.33 | 33.36 | -21 | 156.08 | 126.15 | 24 | ||
| Figures in Rs crore, LP: Loss to Profit, PL: Profit to Loss Source: Capitaline Database | ||||||||
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