Other income decreased 4% to Rs 5.86 crore compared to Rs 6.13 crore. Interest cost was nil. Depreciation was down 10% to Rs 6.22 crore. PBT was down 74% to Rs 7. crore.
Effective rate of taxes was down 1000 bps to 25%. PAT reported was down 70% to Rs 5.93 crore.
Consequent to the nationwide lockdown announced on 24th March 2020, the operations of the company were disrupted. Due to relaxations and permissions received from the authorities, the operation subsequently improved and is expected to be ramped up to full scale depending on the further easing of the situation and increase in customer demand.
Performance for the half year ended Dec 20
For half year ended Dec20, net sales fell 22% to Rs 344.73 crore. The company operating margins decreased 470 bps to 9.8%. As a result operating profits fell 47% to Rs 33.83 crore.
Other income fell 6% to Rs 12.01 crore. Interest cost nil. Depreciation fell 4% to Rs 12.98 crore. PBT was down 48% to Rs 32.86 crore.
Effective tax rate was down 1000 bps to 25%. PAT reported was down 40% to Rs 24.58 crore.
The scrip is currently trading at Rs 883
Vesuvius India: Result
|2006 (03)||1906 (03)||Var. (%)||2006 (06)||1906 (06)||Var. (%)||1912 (12)||1812 (12)||Var (%)|
|PBT after EO||7.90||30.12||-74||32.86||63.49||-48||123.41||142.37||-13|
|Total Tax provision^||1.97||10.55||-81||8.28||22.29||-63||37.86||49.85||-24|
|* Annualized On Current Equity Of Rs 20.30 Crore of face value of Rs 10 each|
# EPS not annualised due to seasonality of the business
EO: Extraordinary Items
EPS Is Calculated After Excluding EO And Relevant Tax
Figures In Rs Crore
Source: Capitaline Database
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