This engines making company did not have a good run, neither in Q4 nor for FY15. The high base effect did dent bottomline as was expected but the lower topline showed a slack in demand for its engines. In fact engine sales fell 1.3% (YoY) and its EBIT also came in 12% lower. In Q4FY15, the company first had to contend with Rs.33 crore adding on to Q4Fy14 net profit on account of sale of asset. And then , it has an extraordinary expense of Rs.10 crore in Q4FY15 which, to some extent was offset by a deferred tax write back of Rs.7 crore. So overall it was a poor Q4 due to poor demand.

The company ended the quarter with a 10% fall in net sales at Rs.392 crore. It brought down costs led by lower raw material and other expenses. This helped shore up the EBITDA  a bit but not much – it came in at Rs.45 crore, down 4%. Net profit for the quarter was at Rs.24 crore, down 53%.  FY15 too ended on a lower note with consolidated net profit coming in at Rs.84 crore, down 32%.