Other income was lower by 89% to Rs 1.17 crore largely due to a notional loss of around Rs 8.9 crore on MTM treasury bonds. This has resulted in a PBIDT of Rs 70.30 crore down by 2%. While interest cost was flat at Rs 0.26 crore, depreciation was down by 3% to Rs 1.50 crore, PBT stood at Rs 68.54 crore down by 2%. After providing total tax of Rs 14.77 crore, PAT for June 18 quarter stood at Rs 53.77 crore down by 2% YoY.

Performance for 12 months ended Mar 18

For the 12 months ended Mar 18, net sales stood at Rs 831.21 crore which was up by 5% on YoY basis. OPM was lower by 240 bpsto 31.1%, thus resulting in a fall in OP by 3% to Rs 258.64 crore. Other income was lower by 38% to Rs 24.35 crore. Other income was lower by Rs 8 crore in FY 18 due to MTM losses on treasury. Depreciation was higher by 44% to Rs 6.85 crore which resulted in a 8% decrease in PBT to Rs 274.98 crore. EO loss for 12 months ended Mar 17 stood at Rs 18.38 crore pertaining to loss from amortisation of VRS expenditure as compared to NIL for 12 months ended Mar 18. Thus, PBT after EO stood at Rs 274.98 crore down by 2%. After providing total tax of Rs 58.71 crore, PAT for 12 months ended Mar 18 stood at Rs 216.27 crore, down by 2% YoY.