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Other income increased 153% to Rs 4.1 crore compared to Rs 1.62 crore. Interest cost was down 51% to Rs 4.06 crore. Depreciation fell 6% to Rs 5.32 crore. PBT was up 53% to Rs 40.29 crore.
Effective rate of taxes was down 130 bps to 29.5%. PAT reported was up 56% to Rs 28.39 crore.
Segment wise, petroleum products revenue stood at Rs 528.66 crore, down by 1% YoY and accounted for 98% of sales. PBIT from the same was up by 28% to Rs 42.89 crore and accounted for 88% of total PBIT with PBIT margin at 8.1% as compared to 6.3% for June18 quarter.
For the quarter, sales from wind power stood at Rs 10.66 crore up by 9% YoY and accounted for 2% of sales. PBIT from the same was up 32% to Rs 5.6 crore and accounted for 12% of total. PBIT margins stood at 52.5% as compared to 43.4% for June 18 quarter.
Performance for the year ended March 2019
For year ended March 2019, net sales rose 27% to Rs 2262.52 crore. The company operating margins decreased 170 bps to 8.7%. As a result operating profits rose 6% to Rs 196.79 crore.
Other income rose 93% to Rs 18.4 crore. Interest cost was up 111% to Rs 28.95 crore. Depreciation fell 9% to Rs 23.53 crore. PBT was up 4% to Rs 162.71 crore.
Effective tax rate was up 1070 bps to 29.8%. PAT reported was down 9% to Rs 114.27 crore.
For the 12 months, sales from the petroleum products stood at Rs 2236.21 crore and accounted for 98% of sales. PBIT from the same was up by 11% to Rs 181.91 crore and accounted for 90% of total with PBIT margin at 8.1%.
For the 12 months, sales from the wind power stood at Rs 41.13 crore and accounted for 2% of sales. PBIT from the same was up by 3% to Rs 20.58 crore and accounted for 10% of total with PBIT margin at 50%.
The scrip is currently trading at Rs 895
Savita Oil Technologies: Results
|Particulars||1906 (3)||1806 (3)||Var. (%)||1903 (12)||1803 (12)||Var. (%)|
|Net profit after tax||28.39||18.22||56||114.27||126.20||-9|
|* Annualized on current equity of Rs 14.32 crore. Face Value: Rs 10 each |
# EPS not annualized due to seasonality of business
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
Figures in Rs crore
Source: Capitaline Corporate Database
Savita Oil Technologies: Segment Results
|Particulars||1906 (3)||1806 (3)||% of total||Var. (%)||1903 (12)||1803 (12)||% of total||Var. (%)|
|Figures in Rs crore. |
LP: Loss to Profit PL: Profit to Loss
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