Cost of raw material consumed as a percentage to net sales fell 200 bps to 86.1% from 88.2% in corresponding previous quarter. Employee benefit as a percentage to net sales expenses rose 10 bps to 0.3% while other expenditure increased 30 bps to 1.6%. 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 5% to Rs 104.41 crore compared to Rs 98.98 crore in corresponding previous year quarter leading 9% increase in PBIDT to Rs 1128.32 crore. Interest cost rose 235% to Rs 100.52 crore while depreciation rose 86% to Rs 189.88 crore. The resultant PBT decreased 7% to Rs 837.92 crore. Effective tax rate decreased 170 bps to 33.1% resulting 5% decrease in PAT to Rs 560.27 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 235 at BSE