• Sales were higher by 13% to Rs 14.19 crore. However the value of production for the quarter was up by 20% to Rs 14.67 crore. Sales lower than value of production for the quarter reflects inventory buildup during the quarter which will get liquidated in coming quarters.

• Operating profit margin expanded by 200 bps to 12.6% and this can be attributed to lower staff cost and OE. Material cost as proportion to sales net of stocks was higher by 330 bps to 47.9%. But the staff cost was down by 20 bps to 3.4%. Similarly the OE was down by sharp 440 bps to 36.6% there by more than offsetting the rise in material cost and facilitated 200 bps expansion in OPM.

• Other income jumped up by 229% to Rs 0.11 crore. However the interest cost was up by 34% to Rs 0.41 crore and the depreciation cost was up by 9% to Rs 0.44 crore. Thus the growth at PBT was up by 59% to Rs 1.04 crore.

• Taxation in absolute term was up by 72% to Rs 0.22 crore and the effective tax rate for the quarter was lower at 25.7% compared to 26.9% in the corresponding previous period. Thus the PAT stood higher by 62% to Rs 0.77 crore.

Nine month performance

Sales were higher by 19% to Rs 42.25 crore. But with operating profit margin stand higher by 480 bps to 13.7%, the operating profit was up by 84% to Rs 5.79 crore. After accounting for higher OI, lower interest and higher depreciation, the PBT was up by 286% to Rs 3.92 crore. The taxation was up by 321% to Rs 0.82 crore and thus the growth at PAT eventually stood higher by 329% to Rs 2.96 crore.