Yearly performance

Consolidated sales for the period were down by 4% to Rs 2164.68 crore. With OPM contract by marginal 40 bps to 12.5%, the operating profit was down by 7% to Rs 270.77 crore. The PBT was down by 18% to Rs 206.05 crore hit largely by lower OI, higher interest even as depreciation stand lower. The taxation was down by 40% to Rs 37.45 crore. Eventually the PAT was down by 9% to Rs 129.18 crore. After accounting for higher share of profit from JV and MI being share of loss of RS 0.58 crore (a swing of Rs 22.14 crore), the net profit was up by 8% to Rs 131.33 crore.

Dividend

BoD recommended final dividend of Re 1.00 per share (10%) for the FY 19-20, subject to approval of the shareholders in the AGM