• OPM expanded by strong 1060 bps largely as all cost heads stood lower for the quarter. The material cost as proportion to sales net of stocks down by 680 bps to 27.5%. The staff cost was down by 340 bps to 18.3% and the other expenses was down by 120 bps to 30.4%. OPM expansion was largely due to product mix and cost rationalization measures introduced during the quarter.
  
• The other income was down by 45% to Rs 0.26 crore. The interest was nil compared to Rs 0.05 crore in the corresponding previous period. The depreciation stands higher at Rs 2.51 crore marginally higher compared to Rs 2.50 crore in corresponding previous period. Thus the PBT was up by 354% to Rs 6.27 crore.
  
• The current tax jumped up by 514% to Rs 1.78 crore and the tax rate was up at 28.4% compared to 21.0% in corresponding previous period. Thus the growth at PAT was 312% to Rs 4.49 crore.

Consolidated sales net of GST/excise was up by 28% to Rs 42.38 crore. Facilitated by 870 bps expansion in OPM, the operating profit was up by 105% to Rs 9.75 crore. After accounting for lower OI, lower interest and higher depreciation, the PBT was up by 173% to Rs 7.43 crore. With taxation stand higher by 126% to Rs 2.17 crore, the PAT was up by 88% to Rs 4.90 crore. With other comprehensive expense stand at Rs 0.20 crore compared to a profit of Rs 0.39 crore, the net profit jumped up by 94% to Rs 5.17 crore.

On deducting standalone figures from consolidated figures, the sales for the quarter was up by 4% to Rs 5.18 crore. But with OPM contract by 230 bps to 23.7%, the operating profit was down by 5% to Rs 1.23 crore. Eventually the PAT was down by 26% to Rs 0.88 crore.

Yearly performance

Standalone sale for the period was flat at Rs 129.42 crore and with OPM expand by 70 bps to 17.5% the operating profit was up by 4% to Rs 22.60 crore. The PAT was eventually higher by 5% to Rs 12.30 crore gained largely by higher other income.

Consolidated sale for the period was flat at Rs 146.68 crore and with 70 bps expansion in OPM the operating profit was up by 4% to Rs 26.12 crore. Eventually the PAT was up by 9% to Rs 13.13 crore.