Consolidated Performance for 12 months ended Dec 17

For the 12 months ended Dec 17, net sales stood at Rs 2130.95 crore, down by 2% YoY. OPM was lower by 120 bps to 10.2% resulting in an OP of Rs 218.41 crore, down by 12%. GST transition led to destocking at dealers end and affected the overall operating performance. Other income was lower by 23% to Rs 13.58 crore resulting in a PBIDT de growth of 13% to Rs 231.99 crore. Interest cost and depreciation were lower by 15% and 8% respectively to Rs 31.77 crore and Rs 85.25 crore respectively. Thus PBT stood at Rs 114.97 crore, down by 15% YoY. With tax of Rs 51.35 crore consolidated PAT for the 12 months ended Dec 17 stood at Rs 63.62 crore, down by 22% YoY.

Board of Directors declared a dividend of Rs 3 per equity share of face value of Rs 2 each for CY 2017.