For the Dec-20 quarter, the consolidated operating profits were up 61.34% at Rs298.94cr. The big gain in the quarter from an operational perspective was the 59% fall in the cost of materials consumed due to a global fall in input prices for the ship building industry. The other operating expenses were almost at par with the Dec-19 quarter. As a result, OPM nearly doubled from 20.68% in Dec-19 quarter to 39.93% in Dec-20 quarter.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 31.75% at Rs223.73cr as a sharp dip in miscellaneous income took away some of the sheen of the sharp growth in operating profits. PAT margins still expanded on a yoy basis from 18.95% in the Dec-19 quarter to 29.88% in the Dec-20 quarter.
Financial highlights for Dec-20 compared yoy and sequentially
|Rs in Crore||Dec-20||Dec-19||YOY||Sep-20||QOQ|
|Total Income (Rs cr)||₹ 748.70||₹ 896.09||-16.45%||₹ 657.40||13.89%|
|Operating Profit (Rs cr)||₹ 298.94||₹ 185.29||61.34%||₹ 111.52||168.06%|
|Net Profit (Rs cr)||₹ 223.73||₹ 169.81||31.75%||₹ 107.16||108.78%|
|Diluted EPS (Rs)||₹ 17.01||₹ 12.91||₹ 8.15|