• Sales was higher by 36% to RS 28.54 crore. But the value of production (VoP) was up by 34% to Rs 27.91 crore. Sales was 1.02 times of its VoP for the quarter. Similarly the sales was 1.01 times higher than its VoP in corresponding previous period. Sales higher than VoP is reflection of significant liquidation of earlier period inventory.
• Sharp 830 bps expansion in OPM to 22.3% for the quarter was largely due to sharp fall in both material and OE. While staff cost (as % of sales net of stocks) stand flat at 2.9%, the material cost and OE stood lower by 400 bps (to 38.7%) and 460 bps (to 35.6%) thus propelling the OPM to expand sharply. Thus facilitated by strong growth in revenue and OPM, the operating profit more than doubled (up 116%) to Rs 6.37 crore.
• The other income was up by 1% to Rs 0.14 crore and thus the PBIDT was up by 111% to Rs 6.51 crore. The interest cost was down by 35% to Rs 0.13 crore and the depreciation was up by 25% to Rs 0.63 crore. Thus the PBT was up by 142% to Rs 5.75 crore. With taxation stand lower by 239% to Rs 1.48 crore, the PAT was up by 120% to RS 4.27 crore.

Nine-month performance

Sales was up by 33% to Rs 78.05 crore and that together with 400 bps expansion in OPM to 18.8% saw the operating profit up by 69% to Rs 14.68 crore. After accounting for higher OI, lower interest and higher deprecation, the PBT was up by 82% to Rs 12.85 crore. With taxation stand higher by 140% to Rs 3.37 crore, the PAT was up by 68% to Rs 9.48 crore.