Performance for 12 months ended Mar 19
For 12 months ended Mar 19, net sales were up by 103% to Rs 255.15 crore. OPM was up by 220 bps to 9.9%, thus resulting in a 175% increase in OP to Rs 25.30 crore. Other income was up by 44% to Rs 0.62 crore. After providing interest cost of Rs 7 crore, up by 32% and depreciation cost of Rs 2.72 crore up by 18%, PBT stood at Rs 16.20 crore up by 702%. There was an EO income of Rs 0.45 crore for 12 mths ended Mar 19 pertaining to profit on sale of unit of Dehradun plant as compared to Nil for 12 mths ended Mar 18 period. Thus PBT after EO stood at Rs 16.65 crore. After providing total tax of Rs 4.86 crore, PAT for 12 months ended Mar 19 stood at Rs 11.79 crore up by 793%.
The company has strong order book of Rs 350 crore.
90% of total business is from Indian Railways.
The board of directors have declared dividend of Rs 0.4 per equity share of face value of Rs 2 each for FY 19.
Hind Rectifiers: Result
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