Cost of raw material consumed as a percentage to net sales fell 460 bps to 85.5% from 90.1% in corresponding previous quarter. Employee benefit as a percentage to net sales expenses rose 20 bps to 0.5% while other expenditure increased 40 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 fell 5% to Rs 84.16 crore compared to Rs 88.44 crore in corresponding previous year quarter leading 27% increase in PBIDT to Rs 1191.73 crore. Interest cost rose 336% to Rs 94.02 crore while depreciation rose 89% to Rs 196 crore. The resultant PBT increased 11% to Rs 901.71 crore. Effective tax rate decreased 520 bps to 25.1% resulting 19% increase in PAT to Rs 675.18 crore.

For nine months ended December 2019 sales decreased 10% to Rs 36884.85 crore as against Rs 30012.23 crore in previous year. The operating profit margins of the company rose 330 bps to 12.2% leading 23% increase in operating profits to 3291.95 crore.

Cost of raw material consumed as a percentage to net sales fell 380 bps to 85.8%. Employee benefit as a percentage to net sales rose 10 bps to 0.4% while other expenditure increased 40 bps at 1.6%.

Other income decreased 4% to Rs 286.09 crore leading a 21% rise in PBDIT to Rs 3578.04 crore. Interest cost rose 292% to Rs 299.67 crore while depreciation increased 88% to Rs 581.91 crore. The resultant PBT before EO increased 5% to Rs 2696.46 crore. The company had EO expense of Rs 72.06 crore compared to nil in the corresponding previous year period. PBT after EO rose 2% to Rs 2624.4 crore.

Effective tax rate decreased 2290 bps to 10.6% resulting 36% increase in PAT to Rs 2338.58 crore.

The scrip closed Rs 270 at BSE