Simplex Castings

Sales up 54%, NP down 90%

Nov 06, 2018 12:11 IST capital market

For quarter ended Sep 18, net sales were up by 54% to Rs 52.95 crore. OPM was down by 300 bps 13.9% thus restricting the OP growth to 26% to Rs 7.34 crore. Other income stood at Rs 11 lakh. Interest cost was up by 8% to Rs 3.20 crore and depreciation was up by 28% to Rs 4.18 crore. After providing total tax of Rs 0.09 crore, PAT for Sep 18 quarter stood at Rs 0.16 crore.

For 6 months ended Sep 18, net sales were up by 76% to Rs 102.42 crore. OPM was down by 370 bps to 14.6% thus restricting the OP growth to 40% to Rs 14.93 crore. Other income was down by 58% to Rs 0.47 crore. Interest cost was up by 10% to Rs 6.42 crore. Depreciation was up by 56% to Rs 8.17 crore. Thus PBT was up by only 16% to Rs 0.81 crore. After providing total tax of Rs 0.23 crore, PAT for 6 months ended Sep 18 stood at Rs 0.58 crore down by 66% YoY.

Simplex Castings: Results

 

1809(03) 1709(03) Var. % 1809(06) 1709(06) Var. % 1803(12) 1703(12) Var. %
Net Sales 52.95 34.47 54 102.42 58.16 76 221.93 220.21 1
OPM (%) 13.9% 16.9% 14.6% 18.3% 11.7% 9.5%
OP 7.34 5.83 26 14.93 10.64 40 25.91 21.00 23
Other income 0.11 0.80 -86 0.47 1.13 -58 1.45 1.78 -19
PBIDT 7.45 6.63 12 15.4 11.77 31 27.36 22.78 20
Interest 3.2 2.96 8 6.42 5.83 10 11.63 11.25 3
PBDT 4.25 3.67 16 8.98 5.94 51 15.73 11.53 36
Depreciation 4.18 3.26 28 8.17 5.24 56 12.45 7.82 59
PBT 0.07 0.41 -83 0.81 0.70 16 3.28 3.71 -12
EO 0 0 0 0 0 0 0 0 0
PBT after EO 0.07 0.41 -83 0.81 0.70 16 3.28 3.71 -12
Tax -0.09 -1.12 -92 0.23 -0.99 PL -0.08 1.47 LP
PAT 0.16 1.53 -90 0.58 1.69 -66 3.36 2.24 50
EPS* # # # # 4.3 2.9
*EPS is on diluted equity capital of 7.82 crore Face value of Rs 10 each
*EPS is calculated after considering the conversion of 18.39 lakh warrants issued at price of Rs 160
# EPS has not been calculated since the business is seasonal in nature
LP: Loss to Profit, PL: Profit to Loss
Figures in Rs crore
Source: Capitaline Databases

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