Net sales from Building Product segment, which constitute about 76% of total sales, was flat on YoY basis to Rs 147.63 crore. Net sales from Synthetic blended yarn segment which constitute about 24% of total sales, grew by 14% to Rs 47.68 crore. PBIT for Building Product segment grew by 483% to Rs 19.83 crore on YoY basis. PBIT margin for the segment stood at 13.4% as compared to 2.3% for Sep'15 quarter. PBIT for Synthetic blended yarn segment stood at Rs 6.60 crore as compared to PBIT of Rs 7.08 crore for the Sep'15 quarter. PBIT margin for Synthetic blended yarn segment for Sep'16 quarter stood at 13.8% as compared to 16.9% for Sep'15 quarter.

Performance for the 6 months ended Sep'16

Net sales for the 6 months ended Sep'16 of the company stood at Rs 411.62 crore, down by 1% on YoY basis. OPM increased by 280 bps to 12.7%, thus resulted in an OP of Rs 64.68 crore up by 27% YoY. Other income for half year ended Sep'16 stood at Rs 1 crore as compared to Rs 1.83 crore for half year ended Sep'15. Thus, PBIDT was up by 24% to Rs 65.68 crore. With interest costs being down by 20% to Rs 8.28 crore and depreciation lower up by 15% to Rs 16.24 crore, PBT was up by 74% to Rs 41.16 crore. With total tax of Rs 15.77 crore, up by 917% YoY, PAT for the half year ended Sep'16 stood at Rs 25.39 crore, as compared to 14.39 crore for 6 months ended Sep'15 period.

Net sales from Building Product segment, which constitute about 82% of total sales, was lower by 2% on YoY basis to Rs 411.62 crore. Net sales from Synthetic blended yarn segment which constitute about 18% of total sales, grew by 6% to Rs 91.38 crore. PBIT for Building Product segment grew by 88% to Rs 52.48 crore on YoY basis. PBIT margin for the segment stood at 12.7% as compared to 6.6% for the half year ended Sep'15. PBIT for Synthetic blended yarn segment stood at Rs 12.35 crore as compared to PBIT of Rs 14.78 crore for the 6 months ended Sep'15. PBIT margin for Synthetic blended yarn segment for the 6 months ended Sep'16 stood at 13.5% as compared to 17.2% for 6 months ended Sep'15.

Performance for the year ended Mar 2016

For the year ended Mar'16, net sales were lower by 2% to Rs 1004.86 crore. OPM stood at 9.5% resulting in a 1% lower OP to Rs 95.23 crore. Other income was up by 13% to Rs 2.73 crore. Interest cost was lower by 3% to Rs 21.29 crore. Depreciation was lower by 16% to Rs 36.30 crore. After providing total tax of Rs 15.94 crore, up by 33%, PAT stood at Rs 24.43 crore, up by 15%.