For the year ended Mar 18, net sales were up by 8% to Rs 434.85 crore. OPM was up by 250 bps to 12% resulting in a 37% increase in OP to Rs 52.29 crore. The company had taken a write off of Rs 12.5 crore in FY 18 due to provision for bad debts of past legacy orders. Other income was up by 77% to Rs 2.36 crore. Interest cost and depreciation cost stood at Rs 29.58 crore up by 45% and Rs 4.14 crore down by 16% respectively. After providing total tax of Rs 7.38 crore, PAT for 12 months ended Mar 18 stood at Rs 13.55 crore up by 53%.

Total order book as on Mar 18 stood at around Rs 2000 crore. 50% of order book is from water segment, 42% is from electrical segment (T&D, substantiation) and rest from miscellaneous segments.