• OPM was down by 70 bps to 2.1% and that is largely due to higher cost of energy purchased. The cost of energy purchase as % of sales was higher by 220 bps to 97.5%. But the other operating expense was down by 140 bps to 0%. The staff cost was down by 10 bps to 0.2% and the other expense stayed flat at 0.3%. Thus hit by lower OPM, the growth at operating profit was restricted at 8% to Rs 101.99 crore.
• Other income was down by 89% to Rs 3.47 crore. The interest cost was down by 72% to Rs 8.70 crore. The depreciation was lower by 3% to Rs 0.64 crore. Thus the PBT was up by 2% to Rs 96.12 crore. The taxation was higher by 1% to RS 33.35 crore and thus the PAT was up by 2% to Rs 62.77 crore.

Consolidated sale for the quarter was up by 43% to Rs 5411.44 crore. With OPM contract by 350 bps to 8.6%, the operating profit was up by 1% to Rs 464.42 crore. After accounting for lower other income (down by 92% to Rs 3.55 crore), higher interest cost (up by 7% to Rs 303.02 crore) and higher depreciation (up by 4% to Rs 25.03 crore) the PBT was down by 28% to Rs 139.92 crore. Taxation was down by 32% to RS 46.35 crore and thus the PAT was down by 27% to Rs 93.57 crore. After accounting for share of profit from associate (a loss of RS 0.31 crore against nil) and a minority interest of Rs 5.48 crore (down 72%) the net profit attributable to owners was down by 19% to Rs 87.78 crore.