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 Sales602.02458.4531%1715.701322.2330%1782.701497.1719%
OPM(%)8.7%11.4% 8.3%10.2% 10.4%10.4% 
OP52.6652.261%141.72135.085%186.16155.1020%
Other Income18.577.48148%11.4410.994%9.5513.05-27%
PBIDT71.2359.7419%153.16146.075%195.71168.1516%
Interest5.042.7981%24.048.45184%13.7513.710%
PBDT66.1956.9516%129.12137.62-6%181.96154.4418%
Depreciation6.016.52-8%17.4319.31-10%25.8828.28-8%
PBT60.1850.4319%111.69118.31-6%156.08126.1624%
EO0.000.000%0.000.000%0.000.000%
PBT after EO60.1850.4319%111.69118.31-6%156.08126.1624%
Total Tax15.7115.263%30.7932.38-5%44.8732.5438%
PAT44.4735.1726%80.9085.93-6%111.2193.6219%
PPI0.000.000%0.000.000%14.980.000%
PAT after PPI44.4735.1726%80.9085.93-6%126.1993.6235%
EPS*## ## 77.765.4 
* 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 TotalVar. (%)1812(09)1712(09)(%) of TotalVar. (%)1803(12)1703(12)(%) of TotalVar. (%)
Net Sales            
Petroleum Products597.85 458.99 96301688.32 1337.23 98 1790.25 1648.40 98 
Wind Power5.57 6.15 1-936.05 36.75 3 41.67 46.73 2 
Others17.17 0.79 39992.77 1.17 0 2.26 1.19 0 
Total620.59465.93100331727.141375.15101 1834.181696.32100 
              
PBIT            
Petroleum Products70.25 56.62 9924128.16 117.79 879164.15 132.28 8924
Wind Power0.68 (0.13)1LP19.91 20.45 13-319.95 24.39 11-18
Others0.00 0.00 000.00 0.00 000.00 0.00 00
Total Segment Results70.9356.4910026148.07138.241007184.10156.6710018
Less :-            
Finance costs5.042.798124.048.45 18413.7513.71 0
Others5.713.277512.3411.48 714.2716.81 -15
PBT60.1850.4319111.69118.31 -6156.08126.15 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 TotalVar (%)1803(12)1703(12)(%) of TotalVar (%)
Net Sales
Petroleum Products533.77 453.26 981790.25 1648.40 98
Wind Power9.80 12.99 241.67 46.73 2
Others0.45 0.09 02.26 1.19 0
Total544.02466.341001834.181696.32100
PBIT
Petroleum Products33.53 32.17 894164.15 132.28 8924
Wind Power4.26 7.74 11-4519.95 24.39 11-18
Others0.00 0.00 000.00 0.00 00
Total Segment Results37.7939.91100-5184.10156.6710018
Less :-
Finance costs8.243.0317213.7513.710
Others3.223.52-914.2716.81-15
PBT26.3333.36-21156.08126.1524
Figures in Rs crore, LP: Loss to Profit, PL: Profit to Loss
Source: Capitaline Database

Powered by Capital Market - Live News

Related Story