Nine-month performance

Consolidated sales for the period were down by 2% to Rs 1570.12 crore. With OPM expand by marginal 20 bps to 13.1%, the operating profit was down by 1% to Rs 205.65 crore. The PBT was down by 10% to Rs 130.31 crore hit largely by lower OI, higher interest even as depreciation stand lower. The taxation was down by 23% to Rs 32.72 crore. Eventually the PAT was down by 5% to Rs 97.58 crore. After accounting for share of profit from JV and MI the net profit was up by 15% to Rs 99.92 crore largely due to a swing of Rs 17.02 crore to a share of loss of Rs 0.77 crore.