OPM rose by 600 bps to 23.9% leading to a 30% rise in operating profits to Rs 190.7 crore as cost of material consumed as a percentage of net sales decreased to 47% in the quarter ended March 2015 from 55.7% in the corresponding previous year period along with carriage, insurance and freight which fell to 3.1% from 3.2% limited by advertisement expenses increased 180 bps to 9.3% and employee benefit expense rose 40 bps to 5.2% and other expenses increased 110 bps to 7.7%.

Other Income increased 179% to Rs 43.5 crore in Q1CY15 from Rs 15.6 crore in Q1CY14 while interest cost was negligible at Rs 0.3 crore and depreciation rose 32% to Rs 11.1 crore. As a result PBT was up 46% to Rs 222.8 crore. The effective rate of tax fell to 34.2% from 34.5% leading a 46% increase in PAT to Rs 146.7 crore.

Automotive PBIT margins increased 1020 bps to 27.6% while non-automotive segment was up 440 bps to 19.4%.

For CY'14 Net Sales of the company rose 7% to Rs 3392.3 crore compared to corresponding previous year while bottomline fell 7% to Rs 474.5 crore. OPM fell 50 bps to 2116% leading a 4% rise in operating profits to Rs 716.7 crore. Other income decreased 42% to Rs 48.1 crore while interest cost was up 41% to Rs 2.4 crore and depreciation up 18% to Rs 36.1 crore. PBT before EO as a result fell 2% to Rs 726.3 crore. The company had an EO income of Rs 22.8 crore in CY'13 as it completed sale of one of its non operating plants compared to nil in CY'14. PBT after EO fell 5% to Rs 726.3 crore. Effective rate of taxes rose to 34.7% from 332% leading a 7% decrease in PAT to Rs 474.5 crore

The promoter's shareholding remains unchanged at 71.03% as on 31^st March 2015 compared to previous quarter.

The scrip is currently trading around Rs 463 on the BSE