Quarterly Performance:
For the quarter ended March 12, the company has reported 13% increase in total income from operations to Rs 63.04 crore. Facilitated by lower expenses as % of sales net of stock adjustments, the operating margins improved 110 bps to 17.5%. While the raw material cost as % of sales net of stock adjustments slipped 30 bps, other expenses slipped 130 bps in quarter under review. Operating profit was higher by 21% to Rs 11.03 crore. The other income slipped 29% to Rs 0.27 crore while the interest cost declined 58% to Rs 0.03 crore. On the flipside, depreciation jumped up 14% to Rs 1.11 crore and led PBT up 20% to Rs 10.16 crore. After accounting 150 bps dip in the effective tax rate, Net profit was up 23% to Rs 6.92 crore.
Yearly Performance:
For year ended December 11, the operating income grew by healthy 24% to Rs 232.89 crore. However rise in raw material costs limited the growth in OPM to 90 bps to 17.3%. Thus the operating profit grew by constrained though healthy 30% to Rs 40.21 crore. Moderate depreciation costs and fall in interest cost led to 29% growth in PBT to Rs 37.43 crore. The net profit grew by robust 31% to Rs 25.28 crore on 100 bps crash in effective tax rate.
Other Information:
