For the quarter ended Dec 18, net sales were down by 2% and stood at Rs 223.64 crore. OPM was down by 400 bps to 14.1% resulting in a decrease in OP of 24% to Rs 31.50 crore. Looking at increase in inventory position, looks like the company was not able to sell its goods produced in the quarter. Other income was higher by 66% to Rs 6.72 crore. Depreciation was down by 25% to Rs 6.54 crore, thus PBT was down by 14% to Rs 31.68 crore. There was an EO expense pertaining to VRS expense of Rs 4.44 crore in Dec 17 quarter as compared to Nil for Dec 18 quarter. Thus PBT after EO stood at Rs 31.68 crore down by 2% YoY. After providing total tax of Rs 11.50 crore, up by 5% on YoY basis, PAT for Dec 18 quarter was down by 5% YoY to Rs 20.18 crore.
Performance for the 12 months ended Dec 18
For the 12 months ended Dec 18, net sales were up by 2% to Rs 925.07 crore. OPM was lower by 221 bps to 15.9% resulting in further fall in OP by 11% to Rs 147.41 crore. Other income was higher by 72% to Rs 22.77 crore. Depreciation was down by 7% to Rs 27.81 crore, thus PBT was down by 5% to Rs 142.37 crore. There was an EO expense pertaining to VRS expense of Rs 4.44 crore in 12 mths ended Dec 17 as compared to Nil for 12 mths ended Dec 18 period. Thus PBT after EO stood at Rs 142.37 crore down by 2% YoY. After providing total tax of Rs 49.85 crore, down by 1%, PAT for the 12 months ended Dec 18 was down by 2% YoY to Rs 92.52 crore.
Declared final dividend of Rs 7 per equity share of face value of Rs 10 each
Vesuvius India: Result
| 1812(03) | 1712(03) | Var. (%) | 1812(12) | 1712(12) | Var. (%) | |
| Net Sales | 223.64 | 229.02 | -2% | 925.07 | 911.27 | 2% |
| OPM (%) | 14.1 | 18.1 | 15.9 | 18.2 | ||
| OP | 31.50 | 41.41 | -24% | 147.41 | 165.91 | -11% |
| Other Income | 6.72 | 4.04 | 66% | 22.77 | 13.22 | 72% |
| PBIDT | 38.22 | 45.45 | -16% | 170.18 | 179.13 | -5% |
| Interest | 0.00 | 0.00 | 0% | 0.00 | 0.00 | 0% |
| PBDT | 38.22 | 45.45 | -16% | 170.18 | 179.13 | -5% |
| Depreciation | 6.54 | 8.77 | -25% | 27.81 | 29.78 | -7% |
| PBT | 31.68 | 36.68 | -14% | 142.37 | 149.35 | -5% |
| EO | 0.00 | 4.44 | 0% | 0.00 | 4.44 | 0% |
| PBT after EO | 31.68 | 32.24 | -2% | 142.37 | 144.91 | -2% |
| Total Tax provision^ | 11.50 | 10.91 | 5% | 49.85 | 50.46 | -1% |
| PAT | 20.18 | 21.33 | -5% | 92.52 | 94.45 | -2% |
| EPS* | # | # | 45.6 | 48.0 | ||
| * 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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