Highlights: Revenue from Operations was Rs. 248 crores, up by 21% EBITDA Rs. 48 crores, up by 31% Profit After Tax Rs. 27 crores, up by 49% Order Book of approximately 6 months for both filter dryers and glass lined equipment Order book for both the segments continued to remain encouraging reflecting the continued demand from the user industries and the product quality and acceptance The Company has achieved substantially higher production levels during Q2FY22, which augurs very well for the coming quarters Return on Capital Employed (RoCE) and Return on Equity (RoE) remain at over 30% Net Debt to EBITDA stands at 0.1x in September 2021, reduced further from 0.6x in March 2021 Commenting on the Results, Mr. Himanshu Patel, Chairman and Managing Director said, “Your Company has reported good performance for the first half of fiscal year 2022 with Revenue growing by 21% and EBITDA and PAT growing by 29% and 49% respectively. The increased demand from end user industries and strong order book provides ample scope for growth in the coming years. The high production levels, reflected in higher processed inventory, provides the lever for growth potential in the coming quarters. As the economy is recovering and approaching normalcy, we foresee increase in our order book for the filtration, drying and glass lined equipment segments, which continues to be strong at ~6-7 months. The end user industries are performing well, and most of them continue their investments in future growth, which augers well for our Company’s future. We are also taking steps to introduce better technologies to smaller players in the end user industries as this market is rapidly growing. Our focus on customer retention, satisfaction and post sales service support continues. In September 2021, we announced the signing of definitive documents to acquire 100% of the global business of Thaletec GmbH, Germany as well as its subsidiary Thaletec Inc., USA, as a part of our strategy to strengthen our position further in the global markets with innovative technology. The process of acquisition of Thaletec GmbH is progressing well and we expect the acquisition to be completed by end of this quarter. The acquisition will enhance efficiencies and combine the similar business interests for both the entities, resulting in operational synergies, streamlining and optimization of the businesses. Our endeavor is to continually add newer and innovative products to our portfolio, enhance our addressable market and be a preferred vendor for our customers. The Company is continuously exploring new growth opportunities to use the engineering capabilities and to introduce value added products. Our efforts towards achieving operational efficiencies on a sustainable basis are ongoing. The Company continues to have a long-term focus on meeting our customers’ evolving expectations.” Result PDF