Alstom T&D’s Net Jumps 17% To Rs 53 Crore

Alstom T&D India has reported a good set of numbers for the March 2013 quarter. The company has reported a total income of Rs 1095 crore at a time when the Capital Goods sector is going facing a slowdown. The net profit of the company came in at Rs 53 crore, up by 17% on a YoY basis. Its EBITDA margins, however, declined by 64 basis points.

During the quarter, its raw material expenses increased by 12% to Rs 755 crore. The depreciation declined by 10% on a YoY basis. Its other expenses rose sharply by 70% to Rs 153 crore which impacted its EBTIDA margins. During the year, the company sold its property worth Rs 20 crore of which it has reported Rs 4.91 crore as exceptional gains. During the quarter, its interest expense rose by 4% to Rs 23 crore. Its taxes declined by 2% to Rs 20.68 crore.

On the business front, the company booked orders worth Rs 645 crore during the quarter. Its order book as of March 31, 2013 stood at Rs 6200 crore giving an order book to sales ratio of 2x, which looks comfortable at the moment.

On the balance sheet front, the company has raised a long-term debt of Rs 66 crore during the year. Its short-term borrowings, on the other hand, have declined by 41% to Rs 351 crore. The company’s cash and cash equivalents have also increased to Rs 78 crore from Rs 33 crore a year ago.

In the previous quarter (Q3), the company had posted a weak net profit and hence the Q4 results indicate that the company is back on the growth path. Following this result, the shares of the company were up by 3% at closing today.