Cost of raw material consumed as a percentage to net sales rose 140 bps to 89.9% from 88.5% in corresponding previous quarter. Employee benefit as a percentage to net sales expenses rose 10 bps to 0.4% while other expenditure increased 50 bps to 2.2%. The foreign exchange fluctuation on purchase of LNG is a pass–through cost to the customers and has been included in cost of materials consumed

Other income rose 46% to Rs 151.39 crore compared to Rs 103.4 crore in corresponding previous year quarter leading 16% decrease in PBIDT to Rs 778.63 crore. Interest cost fell 33% to Rs 22.52 crore while depreciation remained flat at Rs 101.6 crore. The resultant PBT decreased 17% to Rs 654.51 crore. Effective tax rate increased 120 bps to 32.7% resulting 16% decrease in PAT to Rs 440.2 crore.

For year ended March 2019 sales increased 25% to Rs 38395.43 crore as against Rs 30598.62 crore in previous year. The operating profit margins of the company fell 220 bps to 8.6% leading 1% decrease in operating profits to 3293.45 crore.

Cost of raw material consumed as a percentage to net sales rose 240 bps to 89.6%. Employee benefit as a percentage to net sales was flat at 0.3% while other expenditure decreased 20 bps at 1.5%.

Other income increased 42% to Rs 450.29 crore leading a 3% rise in PBDIT to Rs 3743.74 crore. Interest cost fell 39% to Rs 98.92 crore while depreciation remained flat at Rs 411.24 crore. The resultant PBT increased 6% to Rs 3233.58 crore.

Effective tax rate increased 140 bps to 33.3% resulting 4% increase in PAT to Rs 2155.43 crore.  

The scrip closed Rs 224 at BSE