• Upside in topline is largely due to strong growth in revenue of lighting and fittings (L&F) segment. While segment revenue of L&F was up by 136% to Rs 17.28 crore that of Wires & cables (W&C) was up by decent 10% to Rs 31.87 crore. The segment revenue of accessories and others was down by 34% to Rs 21.26 crore.
• Operating profit margin expanded by 460 bps to 15.5% and this can be attributed to fall in all cost heads barring OE. The material cost as proportion to sales net of stocks was down by 180 bps to 19.5%. Cost of traded goods was down by 250 bps to 56.5%. Staff cost was down by 150 bps to 3.1%. But the OE was up by 80 bps to 5.8%.
• Segment profit of W&C was down by 26% to Rs 5.61 crore despite higher segment sales as its segment margin contract by 870 bps to 17.6%. Segment profit of L&F was up by 97% to Rs 1.47 crore largely due to higher sales as its segment margin contract by 170 bps to 8.5%. On the other hand the despite lower sales, the segment profit of accessories and others was up by 17% to Rs 6.54 crore largely due to higher margin.
• Other income was up by 35% to Rs 0.77 crore. The interest cost was up by 3% to Rs 0.94 crore. The depreciation was lower by 3% to Rs 0.41 crore. Thus the PBT was up by 55% to Rs 10.35 crore.
• Taxation in absolute terms was higher at Rs 3.72 crore up from mere Rs 0.12 crore in the corresponding previous period. Thus hurt the PAT was up by just 22% to Rs 7.11 crore.

Yearly performance

Consolidated sale were up by 6% to Rs 253.09 crore. But the operating profit was up by 62% to Rs 41.28 crore with 570 bps expansion in OPM to 16.3%. Eventually the PAT was up by 58% to Rs 28.97 crore gained largely by higher other income, lower interest and depreciation cost. But for higher tax incidence the growth at PAT would have been much higher than reported. After accounting for higher other comprehensive income at Rs 0.15 crore (compared to an expense of Rs 0.03 crore), the net profit was up by 59% to Rs 29.12 crore.