Profit before interest, tax and other unallocable items (PBIT) has jumped 19.26% to Rs 65.39 crore.  PBIT of Building Product segment rose 1.35% to Rs 62.09 crore (accounting for 94.96% of total PBIT).  PBIT of Synthetic Blended Yarn reported profit of Rs 3.30 crore compared to loss of Rs 6.44 crore.  

PBIT margin of Building Product segment fell from 22.53% to 19.44%.  PBIT margin of Synthetic Blended Yarn segment rose from negative 48.41% to 11.11%.  Overall PBIT margin fell from 19.23% to 18.73%.  

Operating profit margin has slumped from 20.44% to 18.62%, leading to 11.53% rise in operating profit to Rs 65.00 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 36.58% to 47.10%.   Purchase of finished goods cost rose from 0.26% to 0.42%.   Employee cost decreased from 12.63% to 9.39%.   Other expenses rose from 25.41% to 25.84%.   

Other income rose 35.26% to Rs 2.11 crore.  Provision for interest fell 15.74% to Rs 3.32 crore.  

Provision for depreciation fell 7.45% to Rs 9.07 crore.  

Profit before tax grew 18.70% to Rs 54.72 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 14.08 crore, compared to Rs 11.68 crore.  Effective tax rate was 25.73% compared to 25.34%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 18.07% to Rs 40.64 crore.  

Update on Promoter stake pledge

Promoters' stake was 45.85% as of 31 Jun 2021 ,compared to 43.80% as of 31 Jun 2020 .  Promoters pledged stake was 7.94% as of 31 Jun 2021 ,compared to 10.22% as of 31 Jun 2020 .