Performance for 12 months ended Mar 19
Net sales for 9 months ended Mar 19 stood at Rs 473.93 crore up by 22% YoY. OPM of the company stood at 11.3% due to better realization and higher volumes. Thus, the overall OP stood at Rs 53.62 crore up by 32% YoY. Interest cost was higher by 6% to Rs 1.45 crore and depreciation was down by 6% to Rs 8.76 crore. Thus PBT stood at Rs 48.05 crore up by 23% YoY. After providing for total tax of Rs 16.72 crore, up by 41%, PAT for 9 months ended Mar 19 stood at Rs 31.33 crore up by 18%.
The board has recommended annual dividend of Rs 7.50 per equity share of face value of Rs 5 each for FY 19.
The board has approved sub division of equity shares from face value of Rs 5 each to face value of Rs 2 each subject to the approval of shareholders for increasing liquidity in the scrip.
