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Power Mech Projects |
Share Back |
(12:12, 04 Jul 2020) |
Power Mech Projects has registered 9% fall in its sales to Rs 594.56 crore for the quarter ended March 2020. But with operating profit margin contract by 180 bps to 11%, the operating profit was down by 22% to Rs 65.11 crore. The other income was lower by 24% to Rs 3.48 crore and thus the PBIDT was down by 22% to Rs 65.11 crore. After accounting for higher interest cost and lower depreciation, the PBT was down by 38% to Rs 36.33 crore. With taxation stand lower by 76% to Rs 4.73 crore, the PAT was down by 18% to Rs 31.60 crore. However after accounting for share of loss from associate of Rs 0.01 crore (as swing Rs 1.56 crore from a profit of Rs 1.55 crore) and lower minority interest (a fall of 96% to Rs 0.19 crore) the net profit was down by 10% to Rs 31.40 crore.
Yearly performance
Consolidated sales for the period were down by 4% to Rs 2164.68 crore. With OPM contract by marginal 40 bps to 12.5%, the operating profit was down by 7% to Rs 270.77 crore. The PBT was down by 18% to Rs 206.05 crore hit largely by lower OI, higher interest even as depreciation stand lower. The taxation was down by 40% to Rs 37.45 crore. Eventually the PAT was down by 9% to Rs 129.18 crore. After accounting for higher share of profit from JV and MI being share of loss of RS 0.58 crore (a swing of Rs 22.14 crore), the net profit was up by 8% to Rs 131.33 crore.
Dividend
BoD recommended final dividend of Re 1.00 per share (10%) for the FY 19-20, subject to approval of the shareholders in the AGM |
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