ESAB India reported 3.82% fall in the Sep-20 quarter top line sales revenues at Rs165.94cr. Since it operates in the welding and cutting tools equipment industry, the lockdown in industries and construction activity hit their product demand in the Jun-20 quarter.
For the Sep-20 quarter, the operating profits were up 2.36% at Rs20.31cr. This is largely on the back of lower raw material costs in the quarter. This also resulted in the operating margin expanding from 11.47% to 12.24% in Sep-20 quarter.
Net profits for the Sep-20 quarter as measured by PAT turned marginally lower by 6.15% at Rs17.69cr on account of higher tax burden in the quarter. This led to the net margins contracting by 27 bps to 10.66%.
Financial highlights for Sep-20 compared yoy and sequentially
|
|
ESAB India |
|
|
|
|
|
Rs in Crore |
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
|
Revenues |
165.94 |
172.53 |
-3.82% |
124.31 |
33.49% |
|
Operating Profit |
20.31 |
19.79 |
2.63% |
6.69 |
203.59% |
|
Net Profits |
17.69 |
18.85 |
-6.15% |
7.17 |
146.72% |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
11.49 |
12.25 |
|
4.66 |
|
|
OPM |
12.24% |
11.47% |
|
5.38% |
|
|
Net Margins |
10.66% |
10.93% |
|
5.77% |
|
Related Tags: