Highlights:
- YOY Sales grew by 139%, PBT grew by Rs 177 crores - OPERATIONS stage a turnaround.
- The Company had the benefit of uninterrupted working in Q2 and all the businesses have performed satisfactorily, improving capacity utilisation. Sales for the Quarter was at Rs.1352 crores, the highest in the last ten quarters and the Profit before tax was at Rs.137 crores, again, the highest recorded in the last 20 quarters.
- Aggregate sales for the quarter were higher at Rs 1352 crores recording a growth of 139% YoY and 42% QoQ
- Higher prices of key metals - Copper, Aluminium etc. continue to impact the margins
- PBT (before exceptional items) was at INR 137 Crs (10% of sales) as against a loss of Rs (40) crores (-7% of sales) during previous year same period.
- On QoQ, sales increased by 42% and PBT by 88%, signalling a recovery in business performance
- Free Cash Flow generation for the quarter stands at Rs 111 Crs during the quarter
- Aggregate sales for the quarter were higher at Rs 980 crores recording a growth of 143% YoY and 43% QoQ
- Unexecuted Order book at the end of Sep 2021 was Rs 1585 crores
- The division operated at 85% of the installed capacity
- Aggregate sales for the quarter were higher at Rs 372 crores recording a growth of 131 % YoY and 39% QoQ
- Unexecuted Order book at the end of Sep 2021 was Rs 1259 crores
- Transformers and Switchgear (Circuit Breakers, Instrument Transformers & Bushings) sub-segments have operated at 55% and 65% of their respective installed capacities
- Consolidated results include the performance of the operating Subsidiaries at USA (QEI Inc) and in Sweden, Germany and Netherlands (Drives and Automation Europe) whose operations were profitable and other non-operating and Holding subsidiaries.
- Sales for the Quarter were at Rs 1454 crores (as against Rs 664 crores in Q2 of 2020-21) and PBT (before exceptional items) was at Rs 144 crores (as against loss of Rs 37 crores in the corresponding quarter of last year).
